Diamond Hill Capital Management LLC Investment Advisor Makes New $94.91 Million Investment in Regal Rexnord Corporation $RRX

Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Regal Rexnord Corporation (NYSE:RRX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 398,444 shares of the company’s stock, valued at approximately $94,905,000.

A number of other institutional investors also recently modified their holdings of RRX. AQR Capital Management LLC grew its stake in shares of Regal Rexnord by 208.1% during the first quarter. AQR Capital Management LLC now owns 17,747 shares of the company’s stock valued at $2,011,000 after purchasing an additional 11,987 shares during the last quarter. Jones Financial Companies Lllp raised its position in Regal Rexnord by 91.6% in the 1st quarter. Jones Financial Companies Lllp now owns 617 shares of the company’s stock worth $70,000 after purchasing an additional 295 shares during the last quarter. Geneos Wealth Management Inc. lifted 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 buying an additional 127 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Regal Rexnord by 6.7% during the 2nd quarter. Cetera Investment Advisers now owns 3,116 shares of the company’s stock worth $452,000 after buying 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 $4,759,000. 99.72% of the stock is owned by institutional investors.

Insider Transactions at Regal Rexnord

In other Regal Rexnord news, CFO Robert Rehard sold 6,499 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $200.00, for a total value of $1,299,800.00. Following the completion of the transaction, the chief financial officer directly owned 27,965 shares of the company’s stock, valued at approximately $5,593,000. The trade was a 18.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

Regal Rexnord Stock Down 0.0%

Shares of NYSE:RRX opened at $175.42 on Monday. The company has a 50 day moving average price of $208.49 and a two-hundred day moving average price of $203.68. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28. The company has a market capitalization of $11.68 billion, a PE ratio of 36.17, a PEG ratio of 1.31 and a beta of 1.09. Regal Rexnord Corporation has a 52 week low of $127.96 and a 52 week high of $247.80.

Regal Rexnord (NYSE:RRX) last announced 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 company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the firm posted $2.48 earnings per share. The business’s quarterly revenue 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. Analysts forecast that Regal Rexnord Corporation will post 10.68 earnings per share for the current year.

Regal Rexnord Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.35 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.40 annualized dividend and a yield of 0.8%. Regal Rexnord’s payout ratio is currently 28.87%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RRX. Wall Street Zen cut Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. KeyCorp cut their price target on Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Wolfe Research set a $250.00 price target on Regal Rexnord in a report on Thursday, July 9th. DA Davidson started coverage on Regal Rexnord in a research report on Tuesday, June 16th. They issued a “buy” rating and a $260.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on Regal Rexnord in a report on Monday, July 20th. They set a “buy” rating and a $286.00 price objective for the company. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $244.92.

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.