Polar Asset Management Partners Inc. Makes New $11.28 Million Investment in Regal Rexnord Corporation $RRX

Polar Asset Management Partners Inc. purchased a new stake in shares of Regal Rexnord Corporation (NYSE:RRX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 47,336 shares of the company’s stock, valued at approximately $11,275,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vontobel Holding Ltd. increased its holdings in shares of Regal Rexnord by 5.2% in the 4th quarter. Vontobel Holding Ltd. now owns 276,266 shares of the company’s stock worth $38,766,000 after purchasing an additional 13,564 shares in the last quarter. Easterly Investment Partners LLC lifted its holdings in shares of Regal Rexnord by 719.4% during the fourth quarter. Easterly Investment Partners LLC now owns 75,354 shares of the company’s stock valued at $10,574,000 after purchasing an additional 66,158 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Regal Rexnord by 4.4% during the first quarter. Bank of America Corp DE now owns 397,219 shares of the company’s stock valued at $74,383,000 after buying an additional 16,615 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Regal Rexnord by 42.6% during the fourth quarter. Victory Capital Management Inc. now owns 5,658,365 shares of the company’s stock valued at $793,983,000 after buying an additional 1,690,264 shares during the last quarter. Finally, BlackRock Inc. bought a new stake in Regal Rexnord in the 2nd quarter worth about $1,477,356,000. Institutional investors own 99.72% of the company’s stock.

Regal Rexnord Price Performance

NYSE RRX opened at $162.20 on Wednesday. Regal Rexnord Corporation has a 52 week low of $127.96 and a 52 week high of $247.80. The firm has a market capitalization of $10.80 billion, a P/E ratio of 33.44, a PEG ratio of 1.21 and a beta of 1.09. The company has a quick ratio of 1.16, a current ratio of 2.28 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $202.19 and a 200-day moving average price of $203.81.

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

Regal Rexnord Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. Regal Rexnord’s payout ratio is 28.87%.

Analyst Upgrades and Downgrades

RRX has been the subject of a number of recent analyst reports. UBS Group set a $260.00 target price on Regal Rexnord in a research report on Monday, June 15th. JPMorgan Chase & Co. lifted their price target on shares of Regal Rexnord from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Citigroup boosted their price objective on shares of Regal Rexnord from $240.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Wolfe Research set a $250.00 price objective on shares of Regal Rexnord in a research report on Thursday, July 9th. Finally, Oppenheimer restated an “outperform” rating on shares of Regal Rexnord in a research report on Friday, July 10th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Regal Rexnord currently has an average rating of “Moderate Buy” and a consensus price target of $244.92.

Regal Rexnord Company 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.