Regal Rexnord Corporation $RRX Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. reduced its stake in Regal Rexnord Corporation (NYSE:RRX) by 77.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,978 shares of the company’s stock after selling 6,725 shares during the period. TD Waterhouse Canada Inc.’s holdings in Regal Rexnord were worth $454,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

RRX has been the subject of a number of research analyst reports. Oppenheimer reaffirmed an “outperform” rating on shares of Regal Rexnord in a research report on Friday, July 10th. JPMorgan Chase & Co. raised their price target on Regal Rexnord from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Citigroup lifted their price objective on Regal Rexnord from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Regal Rexnord in a report on Monday, July 20th. They issued a “buy” rating and a $286.00 price objective on the stock. Finally, Wolfe Research set a $250.00 target price on Regal Rexnord in a research note on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $244.92.

Regal Rexnord Stock Down 2.0%

Regal Rexnord stock opened at $156.46 on Friday. The firm has a market capitalization of $10.42 billion, a P/E ratio of 32.26, a P/E/G ratio of 1.19 and a beta of 1.06. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66. Regal Rexnord Corporation has a twelve month low of $127.96 and a twelve month high of $247.80. The stock’s fifty day simple moving average is $186.91 and its 200-day simple moving average is $199.12.

Regal Rexnord (NYSE:RRX) last released its earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.58 billion. During the same period last year, the business posted $2.48 earnings per share. Regal Rexnord’s revenue was up 4.2% compared to the same quarter last year. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. As a group, equities analysts expect that Regal Rexnord Corporation will post 10.68 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

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

About Regal Rexnord

Regal Rexnord Corporation (NYSE: RRX) is a global manufacturer of industrial powertrain, motion control, automation and air-management products. The company develops technologies that help customers operate equipment more efficiently, reliably and safely across a range of industrial and commercial applications.

Its product portfolio includes electric motors and generators, gearboxes and geared motors, bearings, couplings, clutches, brakes, conveyor components, belting, automation systems, power-transmission products, fans and blowers.