Formuepleje A S Takes Position in Regal Rexnord Corporation $RRX

Formuepleje A S bought a new position in Regal Rexnord Corporation (NYSE:RRX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 143,191 shares of the company’s stock, valued at approximately $34,107,000. Regal Rexnord makes up 2.7% of Formuepleje A S’s portfolio, making the stock its 14th biggest holding.

Other large investors have also bought and sold shares of the company. California State Teachers Retirement System raised its position in Regal Rexnord by 23,869.5% in the 2nd quarter. California State Teachers Retirement System now owns 17,490,292 shares of the company’s stock valued at $4,166,013,000 after purchasing an additional 17,417,323 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Regal Rexnord during the second quarter worth $1,477,356,000. Victory Capital Management Inc. grew its holdings in shares of Regal Rexnord by 42.6% during the fourth quarter. Victory Capital Management Inc. now owns 5,658,365 shares of the company’s stock worth $793,983,000 after purchasing an additional 1,690,264 shares during the last quarter. Viking Global Investors LP raised its holdings in shares of Regal Rexnord by 25.7% in the second quarter. Viking Global Investors LP now owns 3,430,128 shares of the company’s stock valued at $497,231,000 after buying an additional 701,145 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Regal Rexnord by 75.8% during the 2nd quarter. Wellington Management Group LLP now owns 2,584,056 shares of the company’s stock worth $615,496,000 after buying an additional 1,113,888 shares in the last quarter. 99.72% of the stock is currently owned by institutional investors.

Regal Rexnord Stock Performance

Regal Rexnord stock opened at $162.60 on Monday. The company has a market cap of $10.83 billion, a PE ratio of 33.53, a PEG ratio of 1.21 and a beta of 1.06. 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 Corporation has a 1 year low of $127.96 and a 1 year high of $247.80. The company’s 50-day moving average is $192.17 and its two-hundred day moving average is $200.70.

Regal Rexnord (NYSE:RRX) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.41. Regal Rexnord had a net margin of 5.35% and a return on equity of 9.93%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the firm posted $2.48 earnings per share. Regal Rexnord’s revenue for the quarter was up 4.2% compared to the same quarter last year. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Equities analysts anticipate that Regal Rexnord Corporation will post 10.68 earnings per share for the current year.

Regal Rexnord Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on RRX shares. Oppenheimer reissued an “outperform” rating on shares of Regal Rexnord in a report on Friday, July 10th. Wolfe Research set a $250.00 target price on shares of Regal Rexnord in a research note on Thursday, July 9th. JPMorgan Chase & Co. upped their target price on shares of Regal Rexnord from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. UBS Group set a $260.00 price target on shares of Regal Rexnord in a report on Monday, June 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a research report on Friday, July 17th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.92.

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.