86,000 Shares in Regal Rexnord Corporation $RRX Bought by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of Regal Rexnord Corporation (NYSE:RRX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 86,000 shares of the company’s stock, valued at approximately $20,484,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc increased its position in Regal Rexnord by 34.0% in the 4th quarter. IFP Advisors Inc now owns 193 shares of the company’s stock worth $27,000 after purchasing an additional 49 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Regal Rexnord by 5.6% in the 1st quarter. Parallel Advisors LLC now owns 938 shares of the company’s stock valued at $176,000 after buying an additional 50 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in Regal Rexnord by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 14,855 shares of the company’s stock worth $2,084,000 after buying an additional 60 shares during the last quarter. UMB Bank n.a. increased its holdings in Regal Rexnord by 6.2% in the fourth quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $144,000 after buying an additional 60 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its holdings in Regal Rexnord by 3.2% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,092 shares of the company’s stock worth $392,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 99.72% of the company’s stock.

Regal Rexnord Stock Down 1.3%

RRX opened at $172.25 on Wednesday. The business has a 50 day moving average price of $206.95 and a 200 day moving average price of $203.92. Regal Rexnord Corporation has a twelve month low of $127.96 and a twelve month high of $247.80. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28. The firm has a market cap of $11.47 billion, a P/E ratio of 35.52, a price-to-earnings-growth ratio of 1.31 and a beta of 1.09.

Regal Rexnord (NYSE:RRX) last announced its earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.41. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the business earned $2.48 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Research analysts forecast that Regal Rexnord Corporation will post 10.68 EPS for the current year.

Regal Rexnord Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Regal Rexnord’s dividend payout ratio is currently 28.87%.

Insider Activity

In related news, 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 value of $1,299,800.00. Following the transaction, the chief financial officer directly owned 27,965 shares in the company, valued at approximately $5,593,000. This trade represents a 18.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on RRX shares. DA Davidson began coverage on shares of Regal Rexnord in a research note on Tuesday, June 16th. They issued a “buy” rating and a $260.00 target price for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Regal Rexnord in a research note on Monday, July 20th. They set a “buy” rating and a $286.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a report on Friday, July 17th. Oppenheimer reaffirmed an “outperform” rating on shares of Regal Rexnord in a research note on Friday, July 10th. Finally, Wolfe Research set a $250.00 price objective on shares of Regal Rexnord in a report on Thursday, July 9th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $244.92.

About Regal Rexnord

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.