Corient Private Wealth LP Makes New $1.57 Million Investment in Regal Rexnord Corporation $RRX

Corient Private Wealth LP purchased a new position in shares of Regal Rexnord Corporation (NYSE:RRX) in the second quarter, HoldingsChannel reports. The fund purchased 6,345 shares of the company’s stock, valued at approximately $1,570,000.

Other hedge funds have also modified their holdings of the company. Bank of America Corp DE purchased a new position in shares of Regal Rexnord in the second quarter worth about $110,785,000. Man Group plc purchased a new stake in Regal Rexnord in the second quarter valued at approximately $3,957,000. Medina Value Partners LLC acquired a new position in Regal Rexnord in the 2nd quarter worth approximately $12,349,675. Polar Asset Management Partners Inc. acquired a new position in Regal Rexnord in the 2nd quarter worth approximately $11,275,000. Finally, Jupiter Topco LLC acquired a new position in Regal Rexnord in the 2nd quarter worth approximately $37,784,000. 99.72% of the stock is owned by institutional investors and hedge funds.

Regal Rexnord Trading Up 0.9%

Shares of NYSE:RRX opened at $162.29 on Friday. Regal Rexnord Corporation has a 12-month low of $127.96 and a 12-month high of $247.80. The company has a market capitalization of $10.81 billion, a PE ratio of 33.46, a PEG ratio of 1.20 and a beta of 1.06. The business has a 50 day moving average of $193.33 and a two-hundred day moving average of $201.11. The company has a current ratio of 2.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.66.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.41. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $2.48 EPS. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. As a group, analysts forecast that Regal Rexnord Corporation will post 10.68 EPS for the current year.

Regal Rexnord Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. Regal Rexnord’s dividend payout ratio is 28.87%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. KeyCorp decreased their price objective on shares of Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. Wolfe Research set a $250.00 price objective on shares of Regal Rexnord in a research note on Thursday, July 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Regal Rexnord in a report on Friday, July 17th. Oppenheimer restated an “outperform” rating on shares of Regal Rexnord in a research report on Friday, July 10th. Finally, DA Davidson assumed coverage on shares of Regal Rexnord in a report on Tuesday, June 16th. They issued a “buy” rating and a $260.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $244.92.

Regal Rexnord 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.