Sequoia Financial Advisors LLC Boosts Stake in Regal Rexnord Corporation $RRX

Sequoia Financial Advisors LLC lifted its holdings in shares of Regal Rexnord Corporation (NYSE:RRX) by 1,196.7% in the 2nd quarter, Holdings Channel reports. The firm owned 24,910 shares of the company’s stock after acquiring an additional 22,989 shares during the period. Sequoia Financial Advisors LLC’s holdings in Regal Rexnord were worth $5,933,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its holdings in shares of Regal Rexnord by 23,869.5% in the 2nd quarter. California State Teachers Retirement System now owns 17,490,292 shares of the company’s stock worth $4,166,013,000 after purchasing an additional 17,417,323 shares in the last quarter. BlackRock Inc. bought a new position in shares of Regal Rexnord in the second quarter worth approximately $1,477,356,000. Victory Capital Management Inc. increased its position in shares of Regal Rexnord by 42.6% in the fourth quarter. Victory Capital Management Inc. now owns 5,658,365 shares of the company’s stock valued at $793,983,000 after acquiring an additional 1,690,264 shares during the period. Viking Global Investors LP increased its holdings in Regal Rexnord by 25.7% during the 2nd quarter. Viking Global Investors LP now owns 3,430,128 shares of the company’s stock valued at $497,231,000 after purchasing an additional 701,145 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Regal Rexnord by 75.8% during the second quarter. Wellington Management Group LLP now owns 2,584,056 shares of the company’s stock valued at $615,496,000 after buying an additional 1,113,888 shares during the period. 99.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RRX has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Regal Rexnord in a research report on Monday, July 20th. They set a “buy” rating and a $286.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a report on Friday, July 17th. Oppenheimer restated an “outperform” rating on shares of Regal Rexnord in a report on Friday, July 10th. UBS Group set a $260.00 target price on Regal Rexnord in a research report on Monday, June 15th. Finally, Wall Street Zen lowered shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $244.92.

Regal Rexnord Price Performance

NYSE RRX opened at $162.14 on Friday. The stock has a market cap of $10.80 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.17 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 company’s 50 day moving average is $185.78 and its two-hundred day moving average is $198.86. 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 (NYSE:RRX) last issued its 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. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the firm posted $2.48 EPS. Regal Rexnord’s quarterly 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, research analysts anticipate that Regal Rexnord Corporation will post 10.68 earnings per share for the current year.

Regal Rexnord Dividend Announcement

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

Regal Rexnord Company Profile

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.