Louis Pinkham Sells 22,509 Shares of Regal Rexnord (NYSE:RRX) Stock

Regal Rexnord Corporation (NYSE:RRX) CEO Louis Pinkham sold 22,509 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $12,012,628.32. The trade was a 28.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Regal Rexnord Stock Down 1.7%

Regal Rexnord stock traded down $3.64 during midday trading on Wednesday, reaching $206.15. The company’s stock had a trading volume of 1,055,392 shares, compared to its average volume of 1,138,169. The company has a market cap of $13.72 billion, a P/E ratio of 47.94, a P/E/G ratio of 1.97 and a beta of 1.15. The company has a quick ratio of 1.08, a current ratio of 2.17 and a debt-to-equity ratio of 0.69. The business has a 50-day simple moving average of $199.84 and a 200-day simple moving average of $174.03. Regal Rexnord Corporation has a fifty-two week low of $127.96 and a fifty-two week high of $236.35.

Regal Rexnord (NYSE:RRX) last released its quarterly earnings data 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. Regal Rexnord had a return on equity of 9.49% and a net margin of 4.78%.The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the firm posted $2.15 EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. On average, research analysts expect that Regal Rexnord Corporation will post 10.71 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. Investors of record on Tuesday, June 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Regal Rexnord’s dividend payout ratio is 32.56%.

Wall Street Analysts Forecast Growth

RRX has been the topic of a number of research analyst reports. Oppenheimer raised their price objective 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. KeyCorp increased their target price on shares of Regal Rexnord from $255.00 to $265.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Wall Street Zen lowered shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 28th. Citigroup boosted their price target on shares of Regal Rexnord from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Regal Rexnord from $190.00 to $230.00 and gave the company an “overweight” rating in a research note 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’s stock. According to data from MarketBeat.com, Regal Rexnord presently has a consensus rating of “Moderate Buy” and an average price target of $231.00.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC increased its stake in Regal Rexnord by 208.1% in the 1st quarter. AQR Capital Management LLC now owns 17,747 shares of the company’s stock valued at $2,011,000 after buying an additional 11,987 shares during the period. Jones Financial Companies Lllp raised its holdings in Regal Rexnord by 91.6% during the first quarter. Jones Financial Companies Lllp now owns 617 shares of the company’s stock worth $70,000 after purchasing an additional 295 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Regal Rexnord by 135.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $25,000 after purchasing an additional 127 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Regal Rexnord by 6.7% in the 2nd quarter. Cetera Investment Advisers now owns 3,116 shares of the company’s stock valued at $452,000 after purchasing an additional 196 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Regal Rexnord during the 2nd quarter worth approximately $4,759,000. Institutional investors and hedge funds own 99.72% of the company’s stock.

Regal Rexnord Company Profile

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.