New York Life Investment Management LLC Sells 3,663 Shares of Regal Rexnord Corporation $RRX

New York Life Investment Management LLC trimmed its holdings in shares of Regal Rexnord Corporation (NYSE:RRX) by 54.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,061 shares of the company’s stock after selling 3,663 shares during the period. New York Life Investment Management LLC’s holdings in Regal Rexnord were worth $430,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP raised its holdings in shares of Regal Rexnord by 35.9% in the third quarter. Allworth Financial LP now owns 265 shares of the company’s stock valued at $38,000 after purchasing an additional 70 shares during the last quarter. CWM LLC lifted its position in shares of Regal Rexnord by 7.2% during the 4th quarter. CWM LLC now owns 1,075 shares of the company’s stock worth $151,000 after buying an additional 72 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Regal Rexnord by 35.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 299 shares of the company’s stock worth $43,000 after buying an additional 78 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Regal Rexnord by 8.9% during the 3rd quarter. UMB Bank n.a. now owns 963 shares of the company’s stock worth $138,000 after buying an additional 79 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Regal Rexnord by 42.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 265 shares of the company’s stock worth $38,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 99.72% of the company’s stock.

Insider Activity at Regal Rexnord

In other Regal Rexnord news, CEO Louis V. Pinkham sold 22,509 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $211.68, for a total transaction of $4,764,705.12. Following the transaction, the chief executive officer owned 56,749 shares in the company, valued at approximately $12,012,628.32. This represents a 28.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin A. Walker-Lee sold 1,297 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $213.85, for a total value of $277,363.45. Following the completion of the sale, the director owned 5,503 shares in the company, valued at $1,176,816.55. The trade was a 19.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,063 shares of company stock worth $5,545,547 in the last 90 days. Company insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on RRX. Wall Street Zen cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 28th. KeyCorp lifted their target price on Regal Rexnord from $255.00 to $265.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Robert W. Baird set a $253.00 target price on Regal Rexnord in a research note on Friday, February 6th. Barclays lifted their price target on shares of Regal Rexnord from $237.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, March 23rd. Finally, Oppenheimer lifted their price target on shares of Regal Rexnord from $180.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $231.00.

Regal Rexnord Stock Up 4.4%

RRX stock opened at $194.69 on Thursday. Regal Rexnord Corporation has a 1-year low of $127.96 and a 1-year high of $236.35. The company has a current ratio of 2.17, a quick ratio of 1.08 and a debt-to-equity ratio of 0.69. The company’s 50 day moving average is $198.90 and its 200 day moving average is $176.13. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 45.28, a price-to-earnings-growth ratio of 1.75 and a beta of 1.15.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $2.17 EPS for the quarter, beating 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 business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the business earned $2.15 earnings per share. The business’s quarterly 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. Sell-side analysts predict that Regal Rexnord Corporation will post 10.63 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The firm 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 dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, June 30th. Regal Rexnord’s payout ratio is currently 32.56%.

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.