Regal Rexnord (NYSE:RRX) CFO Robert Rehard Sells 6,499 Shares of Stock

Regal Rexnord Corporation (NYSE:RRX) CFO Robert Rehard sold 6,499 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $200.00, for a total transaction of $1,299,800.00. Following the sale, the chief financial officer directly owned 27,965 shares in the company, valued at $5,593,000. This represents a 18.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Robert Rehard also recently made the following trade(s):

• On Wednesday, February 25th, Robert Rehard sold 968 shares of Regal Rexnord stock. The stock was sold at an average price of $223.00, for a total transaction of $215,864.00.

Regal Rexnord Stock Up 4.1%

Shares of RRX opened at $208.98 on Wednesday. The stock has a market capitalization of $13.91 billion, a PE ratio of 48.60, a P/E/G ratio of 1.89 and a beta of 1.15. Regal Rexnord Corporation has a 1 year low of $127.96 and a 1 year high of $236.35. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.08 and a current ratio of 2.17. The company’s 50-day simple moving average is $199.51 and its 200-day simple moving average is $177.94.

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

Regal Rexnord Announces Dividend

The company also recently announced 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 of this dividend 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 32.56%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RRX. Barclays raised their target price on shares of Regal Rexnord from $237.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, March 23rd. Robert W. Baird set a $253.00 target price on shares of Regal Rexnord in a report on Friday, February 6th. Wall Street Zen cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Regal Rexnord in a report on Tuesday, April 21st. Finally, KeyCorp raised their target price on shares of Regal Rexnord from $255.00 to $265.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $232.25.

Institutional Trading of Regal Rexnord

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in Regal Rexnord by 4.4% during the first quarter. Bank of America Corp DE now owns 397,219 shares of the company’s stock worth $74,383,000 after purchasing an additional 16,615 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Regal Rexnord by 362.4% during the first quarter. Janus Henderson Group PLC now owns 127,677 shares of the company’s stock worth $23,911,000 after purchasing an additional 100,067 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Regal Rexnord by 60.3% during the first quarter. EverSource Wealth Advisors LLC now owns 242 shares of the company’s stock worth $45,000 after purchasing an additional 91 shares in the last quarter. California State Teachers Retirement System raised its holdings in Regal Rexnord by 21.7% during the first quarter. California State Teachers Retirement System now owns 72,969 shares of the company’s stock worth $13,664,000 after purchasing an additional 13,026 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Regal Rexnord by 54.5% during the first quarter. Royal Bank of Canada now owns 72,038 shares of the company’s stock worth $13,489,000 after acquiring an additional 25,422 shares during the last quarter. Institutional investors and hedge funds own 99.72% of the company’s stock.

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.