Easterly Investment Partners LLC Grows Stock Holdings in Regal Rexnord Corporation $RRX

Easterly Investment Partners LLC grew its holdings in shares of Regal Rexnord Corporation (NYSE:RRX) by 719.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 75,354 shares of the company’s stock after purchasing an additional 66,158 shares during the period. Easterly Investment Partners LLC’s holdings in Regal Rexnord were worth $10,574,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. AIA Group Ltd purchased a new stake in Regal Rexnord during the third quarter worth approximately $1,477,000. Oppenheimer Asset Management Inc. grew its stake in Regal Rexnord by 475.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 21,991 shares of the company’s stock worth $3,154,000 after buying an additional 18,168 shares during the period. American Century Companies Inc. purchased a new stake in Regal Rexnord during the third quarter worth approximately $47,778,000. Teachers Retirement System of The State of Kentucky grew its stake in Regal Rexnord by 55.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 124,005 shares of the company’s stock worth $17,788,000 after buying an additional 44,100 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Regal Rexnord by 97.0% during the third quarter. JPMorgan Chase & Co. now owns 260,853 shares of the company’s stock worth $37,419,000 after buying an additional 128,468 shares during the period. 99.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Regal Rexnord from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a research note on Tuesday, April 21st. 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 upped 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. Finally, Robert W. Baird set a $253.00 target price on shares of Regal Rexnord in a research note on Friday, February 6th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Regal Rexnord has an average rating of “Moderate Buy” and a consensus price target of $232.25.

Regal Rexnord Price Performance

Shares of RRX stock opened at $201.47 on Monday. The company has a market capitalization of $13.41 billion, a PE ratio of 46.85, a price-to-earnings-growth ratio of 1.90 and a beta of 1.11. The firm has a fifty day simple moving average of $200.45 and a 200-day simple moving average of $179.39. The company has a current ratio of 2.17, a quick ratio of 1.08 and a debt-to-equity ratio of 0.69. Regal Rexnord Corporation has a twelve month low of $127.96 and a twelve month 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 the consensus estimate of $2.11 by $0.06. The business had revenue of $1.48 billion during 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%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.15 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. Equities research analysts anticipate that Regal Rexnord Corporation will post 10.63 earnings per share for the current fiscal year.

Regal Rexnord Announces Dividend

The business 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. 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 is currently 32.56%.

Insider Activity at Regal Rexnord

In related news, Director Robin A. Walker-Lee sold 1,297 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $213.85, for a total value of $277,363.45. Following the sale, the director directly owned 5,503 shares of the company’s stock, valued at $1,176,816.55. This represents a 19.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Louis V. Pinkham sold 22,509 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 56,749 shares in the company, valued at $12,012,628.32. This represents a 28.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 30,305 shares of company stock valued at $6,341,869 over the last ninety days. Corporate insiders own 0.63% 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.