Jefferies Financial Group Inc. Invests $505,000 in Regal Rexnord Corporation $RRX

Jefferies Financial Group Inc. purchased a new position in Regal Rexnord Corporation (NYSE:RRX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,600 shares of the company’s stock, valued at approximately $505,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in shares of Regal Rexnord by 34.0% in the fourth quarter. IFP Advisors Inc now owns 193 shares of the company’s stock worth $27,000 after buying an additional 49 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Regal Rexnord by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 14,855 shares of the company’s stock worth $2,084,000 after buying an additional 60 shares in the last quarter. Allworth Financial LP lifted 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 worth $38,000 after buying an additional 70 shares in the last quarter. CWM LLC lifted its holdings in shares of Regal Rexnord by 7.2% in the fourth 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. Finally, 1620 Investment Advisors Inc. lifted its holdings in shares of Regal Rexnord by 8.2% in the fourth quarter. 1620 Investment Advisors Inc. now owns 1,021 shares of the company’s stock worth $143,000 after buying an additional 77 shares in the last quarter. 99.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RRX has been the topic of a number of recent analyst reports. Citigroup raised their target price on shares of Regal Rexnord from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Wall Street Zen downgraded shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 28th. 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 research note on Thursday, May 7th. JPMorgan Chase & Co. raised their target price on shares of Regal Rexnord from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Finally, Robert W. Baird set a $253.00 target price on shares of Regal Rexnord in a research note on Friday, February 6th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Regal Rexnord currently has a consensus rating of “Moderate Buy” and an average target price of $232.25.

Insiders Place Their Bets

In other Regal Rexnord news, CEO Louis V. Pinkham sold 22,509 shares of Regal Rexnord stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $211.68, for a total transaction of $4,764,705.12. Following the transaction, the chief executive officer directly owned 56,749 shares of the company’s stock, valued at approximately $12,012,628.32. This trade represents a 28.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robin A. Walker-Lee sold 1,297 shares of Regal Rexnord stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $213.85, for a total transaction of $277,363.45. Following the transaction, the director directly owned 5,503 shares in the company, valued at $1,176,816.55. This trade represents a 19.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 30,305 shares of company stock valued at $6,341,869. 0.63% of the stock is currently owned by corporate insiders.

Regal Rexnord Trading Down 0.7%

Shares of RRX opened at $201.47 on Friday. The firm’s 50 day simple moving average is $200.45 and its 200 day simple moving average is $179.07. The company has a market capitalization of $13.41 billion, a P/E ratio of 46.85, a P/E/G ratio of 1.90 and a beta of 1.15. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.17 and a quick ratio of 1.08. Regal Rexnord Corporation has a 1-year low of $127.96 and a 1-year high of $236.35.

Regal Rexnord (NYSE:RRX) last announced its earnings results on Wednesday, May 6th. The company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.06. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.43 billion. Regal Rexnord had a net margin of 4.78% and a return on equity of 9.49%. Regal Rexnord’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $2.15 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. Sell-side analysts forecast that Regal Rexnord Corporation will post 10.63 earnings per share 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. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.40 annualized dividend and a dividend yield of 0.7%. Regal Rexnord’s dividend payout ratio (DPR) is 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.