Regal Rexnord Corporation $RRX Shares Bought by Kerrisdale Advisers LLC

Kerrisdale Advisers LLC raised its holdings in Regal Rexnord Corporation (NYSE:RRX) by 3,688.2% during the second quarter, Holdings Channel.com reports. The firm owned 463,295 shares of the company’s stock after purchasing an additional 451,065 shares during the period. Regal Rexnord makes up 27.9% of Kerrisdale Advisers LLC’s holdings, making the stock its biggest holding. Kerrisdale Advisers LLC’s holdings in Regal Rexnord were worth $110,352,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of RRX. Clearstead Trust LLC acquired a new position in Regal Rexnord in the second quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Regal Rexnord in the 2nd quarter worth approximately $27,000. Covestor Ltd lifted its holdings in shares of Regal Rexnord by 81.6% in the 4th quarter. Covestor Ltd now owns 178 shares of the company’s stock worth $25,000 after acquiring an additional 80 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Regal Rexnord during the 2nd quarter worth approximately $43,000. Finally, FNY Investment Advisers LLC acquired a new stake in Regal Rexnord in the 2nd quarter valued at approximately $43,000. Institutional investors and hedge funds own 99.72% of the company’s stock.

Wall Street Analysts Forecast Growth

RRX has been the topic of a number of research reports. DA Davidson started coverage on Regal Rexnord in a research note on Tuesday, June 16th. They set a “buy” rating and a $260.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Regal Rexnord in a report on Friday, July 17th. Citigroup increased their target price on Regal Rexnord from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft started coverage on Regal Rexnord in a report on Monday, July 20th. They set a “buy” rating and a $286.00 target price for the company. Finally, JPMorgan Chase & Co. boosted 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. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $244.92.

Regal Rexnord Trading Up 0.3%

NYSE:RRX opened at $157.88 on Monday. Regal Rexnord Corporation has a 12-month low of $127.96 and a 12-month high of $247.80. The firm has a market cap of $10.51 billion, a PE ratio of 32.55, a price-to-earnings-growth ratio of 1.17 and a beta of 1.09. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average price of $198.44 and a 200 day moving average price of $202.81.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.41. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business earned $2.48 EPS. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Sell-side analysts anticipate that Regal Rexnord Corporation will post 10.68 earnings per share for the current fiscal 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 issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.40 annualized dividend and a yield of 0.9%. Regal Rexnord’s dividend payout ratio (DPR) is 28.87%.

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.