Empowered Funds LLC Makes New Investment in Regal Rexnord Corporation $RRX

Empowered Funds LLC purchased a new position in shares of Regal Rexnord Corporation (NYSE:RRX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,427 shares of the company’s stock, valued at approximately $1,054,000.

A number of other hedge funds have also recently modified their holdings of the business. Clearstead Trust LLC purchased a new position in Regal Rexnord during the second quarter valued at $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Regal Rexnord in the second quarter worth about $27,000. Covestor Ltd raised its stake in shares of Regal Rexnord by 81.6% in the fourth quarter. Covestor Ltd now owns 178 shares of the company’s stock worth $25,000 after buying an additional 80 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in shares of Regal Rexnord in the second quarter worth about $43,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Regal Rexnord during the 2nd quarter valued at about $43,000. Institutional investors own 99.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RRX. Oppenheimer restated an “outperform” rating on shares of Regal Rexnord in a research note on Friday, July 10th. Citigroup lifted their target price on shares of Regal Rexnord from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Regal Rexnord in a report on Friday, July 17th. Wall Street Zen cut Regal Rexnord from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Regal Rexnord in a research report on Monday, July 20th. They issued a “buy” rating and a $286.00 price objective on the stock. Eight equities 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.com, Regal Rexnord currently has a consensus rating of “Moderate Buy” and an average target price of $244.92.

Regal Rexnord Stock Performance

Shares of NYSE:RRX opened at $162.60 on Friday. 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 company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 1.21 and a beta of 1.06. Regal Rexnord Corporation has a 12 month low of $127.96 and a 12 month high of $247.80. The firm’s 50-day moving average is $192.17 and its 200 day moving average is $200.84.

Regal Rexnord (NYSE:RRX) last released its earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.41. The business had revenue of $1.56 billion for 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%.The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Research analysts predict that Regal Rexnord Corporation will post 10.68 EPS for the current year.

Regal Rexnord Dividend Announcement

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

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.