4,470 Regal Rexnord Corporation $RRX Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in shares of Regal Rexnord Corporation (NYSE:RRX) by 6.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 59,955 shares of the company’s stock after selling 4,470 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Regal Rexnord were worth $9,300,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RRX. BlackRock Inc. purchased a new position in shares of Regal Rexnord in the second quarter valued at about $1,477,356,000. Wellington Management Group LLP raised 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 acquiring an additional 1,113,888 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Regal Rexnord during the second quarter valued at about $449,281,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Regal Rexnord during the second quarter worth about $254,637,000. Finally, William Blair Investment Management LLC purchased a new position in Regal Rexnord during the 2nd quarter valued at about $212,260,000. Institutional investors own 99.72% of the company’s stock.

Regal Rexnord Stock Performance

Regal Rexnord stock opened at $147.87 on Friday. The stock’s 50 day simple moving average is $158.92 and its two-hundred day simple moving average is $190.35. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 1.18 and a beta of 1.09. Regal Rexnord Corporation has a fifty-two week low of $127.96 and a fifty-two week high of $247.80.

Regal Rexnord (NYSE:RRX) last posted 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. 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 for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the business earned $2.48 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. As a group, analysts expect that Regal Rexnord Corporation will post 10.64 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 14th. Investors of record on Thursday, December 31st will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, December 31st. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. Regal Rexnord’s payout ratio is currently 28.87%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RRX shares. The Goldman Sachs Group set a $216.00 target price on Regal Rexnord in a research note on Wednesday, September 30th. Wolfe Research set a $250.00 price target on Regal Rexnord in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft started coverage on shares of Regal Rexnord in a report on Monday, July 20th. They issued a “buy” rating and a $286.00 price target on the stock. Citigroup reduced their price objective on shares of Regal Rexnord from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Finally, Oppenheimer decreased their price objective on shares of Regal Rexnord from $245.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $230.50.

Regal Rexnord Profile

Regal Rexnord Corporation is an industrial manufacturing company that develops and produces electric motors, power transmission components, motion-control systems and other equipment used in industrial and commercial applications. Its products include motors, gearboxes, bearings, couplings, belts, chains, drives, clutches, brakes and related controls, as well as air-moving and power-management solutions.

The company serves customers across industries such as automation, material handling, food and beverage, renewable energy, heating and ventilation, agriculture, and general industrial production.