Regal Rexnord Corporation $RRX Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC raised its position in Regal Rexnord Corporation (NYSE:RRX) by 10.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,666 shares of the company’s stock after purchasing an additional 4,003 shares during the quarter. HighTower Advisors LLC owned about 0.06% of Regal Rexnord worth $5,987,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in RRX. Victory Capital Management Inc. increased its stake in shares of Regal Rexnord by 138.4% during the third quarter. Victory Capital Management Inc. now owns 3,968,101 shares of the company’s stock valued at $566,981,000 after acquiring an additional 2,303,373 shares during the period. Viking Global Investors LP increased its stake in shares of Regal Rexnord by 25.7% during the second quarter. Viking Global Investors LP now owns 3,430,128 shares of the company’s stock valued at $497,231,000 after acquiring an additional 701,145 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Regal Rexnord by 14.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,398,921 shares of the company’s stock valued at $344,103,000 after acquiring an additional 303,378 shares during the period. Invesco Ltd. increased its stake in shares of Regal Rexnord by 17.7% during the third quarter. Invesco Ltd. now owns 1,500,000 shares of the company’s stock valued at $215,160,000 after acquiring an additional 225,734 shares during the period. Finally, Westfield Capital Management Co. LP increased its stake in shares of Regal Rexnord by 40.4% during the third quarter. Westfield Capital Management Co. LP now owns 1,221,730 shares of the company’s stock valued at $175,245,000 after acquiring an additional 351,599 shares during the period. Institutional investors and hedge funds own 99.72% of the company’s stock.

Insider Buying and Selling

In related news, Director Robin A. Walker-Lee sold 1,297 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $213.85, for a total transaction of $277,363.45. Following the completion of the sale, the director directly owned 5,503 shares in the company, valued at approximately $1,176,816.55. This trade represents a 19.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert Rehard sold 6,499 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 27,965 shares of the company’s stock, valued at $5,593,000. This represents a 18.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 30,305 shares of company stock worth $6,341,869. Corporate insiders own 0.63% of the company’s stock.

Regal Rexnord Trading Down 1.6%

Shares of NYSE:RRX opened at $206.51 on Thursday. The stock has a market capitalization of $13.75 billion, a price-to-earnings ratio of 48.03, a PEG ratio of 1.97 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 has a 50 day moving average price of $199.87 and a 200 day moving average price of $178.44.

Regal Rexnord (NYSE:RRX) last issued its earnings results on Wednesday, May 6th. The company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. The firm had revenue of $1.48 billion during 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 firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. 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. On average, research analysts anticipate that Regal Rexnord Corporation will post 10.63 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The firm 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 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 dividend payout ratio (DPR) is presently 32.56%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RRX. JPMorgan Chase & Co. raised their price objective on shares of Regal Rexnord from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Tuesday. Citigroup raised their price objective 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. KeyCorp raised their price objective 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. Barclays raised their price objective on shares of Regal Rexnord from $237.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, March 23rd. Finally, Robert W. Baird set a $253.00 price objective 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 company. According to MarketBeat.com, Regal Rexnord currently has a consensus rating of “Moderate Buy” and an average price target of $232.25.

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.