VIRGINIA RETIREMENT SYSTEMS ET Al Sells 8,400 Shares of Regal Rexnord Corporation $RRX

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its position in Regal Rexnord Corporation (NYSE:RRX) by 38.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,473 shares of the company’s stock after selling 8,400 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Regal Rexnord were worth $1,891,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in RRX. Aster Capital Management DIFC Ltd acquired a new position in shares of Regal Rexnord during the third quarter worth approximately $27,000. Garner Asset Management Corp acquired a new position in shares of Regal Rexnord during the fourth quarter worth approximately $27,000. Root Financial Partners LLC acquired a new position in shares of Regal Rexnord during the third quarter worth approximately $28,000. Geneos Wealth Management Inc. lifted its holdings in shares of Regal Rexnord by 135.1% during the first quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $25,000 after buying an additional 127 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Regal Rexnord during the third quarter worth approximately $35,000. Institutional investors own 99.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Regal Rexnord from $190.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Wall Street Zen lowered Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a research note on Tuesday, April 21st. Barclays upped their target price on Regal Rexnord from $237.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, March 23rd. Finally, Citigroup upped their target price on Regal Rexnord from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $231.00.

Insider Activity at Regal Rexnord

In related news, CEO Louis V. Pinkham sold 22,509 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $211.68, for a total value of $4,764,705.12. Following the transaction, the chief executive officer owned 56,749 shares in the company, valued at $12,012,628.32. This trade represents a 28.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert Rehard sold 1,289 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $223.13, for a total value of $287,614.57. Following the completion of the transaction, the chief financial officer owned 35,415 shares in the company, valued at approximately $7,902,148.95. This represents a 3.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,063 shares of company stock worth $5,545,547 over the last 90 days. Insiders own 0.63% of the company’s stock.

Regal Rexnord Stock Down 5.0%

Shares of NYSE:RRX opened at $196.96 on Friday. Regal Rexnord Corporation has a 12 month low of $127.96 and a 12 month high of $236.35. The company’s 50-day moving average price is $199.13 and its two-hundred day moving average price is $175.02. The company has a quick ratio of 1.08, a current ratio of 2.17 and a debt-to-equity ratio of 0.69. The firm has a market cap of $13.11 billion, a P/E ratio of 45.81, a P/E/G ratio of 1.95 and a beta of 1.15.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. Regal Rexnord had a net margin of 4.78% and a return on equity of 9.49%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the firm earned $2.15 EPS. The company’s revenue was up 4.3% on a year-over-year basis. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. As a group, research analysts forecast that Regal Rexnord Corporation will post 10.63 EPS for the current fiscal year.

Regal Rexnord Announces Dividend

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

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.