HighTower Advisors LLC Has $5.99 Million Stake in Regal Rexnord Corporation $RRX

HighTower Advisors LLC increased its position in Regal Rexnord Corporation (NYSE:RRX) by 10.4% in the fourth quarter, HoldingsChannel reports. The firm owned 42,666 shares of the company’s stock after acquiring an additional 4,003 shares during the period. HighTower Advisors LLC’s holdings in Regal Rexnord were worth $5,987,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RRX. Victory Capital Management Inc. boosted its stake in Regal Rexnord by 138.4% in the 3rd quarter. Victory Capital Management Inc. now owns 3,968,101 shares of the company’s stock worth $566,981,000 after purchasing an additional 2,303,373 shares during the period. Viking Global Investors LP boosted its stake in Regal Rexnord by 25.7% in the 2nd quarter. Viking Global Investors LP now owns 3,430,128 shares of the company’s stock worth $497,231,000 after purchasing an additional 701,145 shares during the period. William Blair Investment Management LLC acquired a new position in Regal Rexnord in the 3rd quarter worth approximately $57,807,000. Westfield Capital Management Co. LP boosted its stake in Regal Rexnord by 40.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,221,730 shares of the company’s stock worth $175,245,000 after purchasing an additional 351,599 shares during the period. Finally, American Century Companies Inc. acquired a new position in Regal Rexnord in the 3rd quarter worth approximately $47,778,000. Institutional investors and hedge funds own 99.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on RRX. Weiss Ratings reissued a “hold (c)” rating on shares of Regal Rexnord in a research note on Tuesday, April 21st. Oppenheimer lifted their target price on shares of Regal Rexnord from $180.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Robert W. Baird set a $253.00 target price on shares of Regal Rexnord in a research note on Friday, February 6th. JPMorgan Chase & Co. lifted their target price on shares of Regal Rexnord from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Barclays lifted their target price on shares of Regal Rexnord from $237.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, March 23rd. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $232.25.

Regal Rexnord Trading Down 1.6%

Shares of NYSE:RRX opened at $206.51 on Thursday. The firm has a market capitalization of $13.75 billion, a P/E ratio of 48.03, a price-to-earnings-growth ratio of 1.97 and a beta of 1.15. The firm has a fifty day moving average of $199.87 and a two-hundred day moving average of $178.44. The company has a quick ratio of 1.08, a current ratio of 2.17 and a debt-to-equity ratio of 0.69. Regal Rexnord Corporation has a 12-month low of $127.96 and a 12-month high of $236.35.

Regal Rexnord (NYSE:RRX) last released its quarterly earnings results on Wednesday, May 6th. The company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.06. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.43 billion. Regal Rexnord had a net margin of 4.78% and a return on equity of 9.49%. Regal Rexnord’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.15 EPS. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. On average, equities analysts expect that Regal Rexnord Corporation will post 10.63 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.35 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.7%. Regal Rexnord’s dividend payout ratio (DPR) is currently 32.56%.

Insider Activity

In other news, Director Robin A. Walker-Lee sold 1,297 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $213.85, for a total transaction of $277,363.45. Following the transaction, the director owned 5,503 shares in the company, valued at approximately $1,176,816.55. This trade represents a 19.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert Rehard sold 6,499 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $200.00, for a total transaction of $1,299,800.00. Following the transaction, the chief financial officer owned 27,965 shares in the company, valued at $5,593,000. This represents a 18.86% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 30,305 shares of company stock worth $6,341,869. 0.63% of the stock is owned by corporate insiders.

Regal Rexnord Profile

Regal Rexnord Corporation (NYSE: RRX) is a global industrial manufacturer specializing in electric motors, power generation equipment and automated motion control systems. The company designs, engineers and produces a broad portfolio of products that includes energy-efficient electric motors, variable frequency drives, gearboxes, couplings, bearings and power transmission components. These offerings support critical applications in industries such as heating, ventilation and air conditioning (HVAC), refrigeration, data centers, water treatment, food and beverage processing, mining, oil and gas, and material handling.

The company’s operations are organized into multiple business segments that address distinct customer needs.