Regal Rexnord (NYSE:RRX) Director Sells $277,363.45 in Stock

Regal Rexnord Corporation (NYSE:RRX) Director Robin 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 owned 5,503 shares in the company, valued at approximately $1,176,816.55. The trade was a 19.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Regal Rexnord Price Performance

Shares of RRX traded down $3.64 during mid-day trading on Wednesday, reaching $206.15. The company had a trading volume of 1,055,392 shares, compared to its average volume of 1,138,169. The company’s 50 day simple moving average is $199.84 and its 200 day simple moving average is $174.03. 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 market capitalization of $13.72 billion, a price-to-earnings ratio of 47.94, a P/E/G ratio of 1.97 and a beta of 1.15.

Regal Rexnord (NYSE:RRX) last posted its quarterly 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. Regal Rexnord had a net margin of 4.78% and a return on equity of 9.49%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company posted $2.15 EPS. The firm’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. Analysts expect that Regal Rexnord Corporation will post 10.71 EPS for the current year.

Regal Rexnord Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.35 per share. The ex-dividend date 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 presently 32.56%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays raised their price objective on shares of Regal Rexnord from $237.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, March 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Regal Rexnord in a research report on Tuesday, April 21st. KeyCorp raised their price objective on shares of Regal Rexnord from $255.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Citigroup raised their price objective on shares of Regal Rexnord from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Finally, The Goldman Sachs Group raised their price objective on shares of Regal Rexnord from $170.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $231.00.

Hedge Funds Weigh In On Regal Rexnord

Hedge funds have recently bought and sold shares of the company. Covestor Ltd boosted its holdings in Regal Rexnord by 81.6% during the 4th quarter. Covestor Ltd now owns 178 shares of the company’s stock worth $25,000 after acquiring an additional 80 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Regal Rexnord by 135.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $25,000 after acquiring an additional 127 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Regal Rexnord during the 3rd quarter worth $27,000. Garner Asset Management Corp purchased a new position in Regal Rexnord during the 4th quarter worth $27,000. Finally, IFP Advisors Inc boosted its holdings in Regal Rexnord by 34.0% during the 4th quarter. IFP Advisors Inc now owns 193 shares of the company’s stock worth $27,000 after acquiring an additional 49 shares during the last quarter. 99.72% of the stock is owned by hedge funds and other institutional investors.

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.