Public Employees Retirement System of Ohio Makes New Investment in Regal Rexnord Corporation $RRX

Public Employees Retirement System of Ohio acquired a new stake in Regal Rexnord Corporation (NYSE:RRX) during the second quarter, Holdings Channel.com reports. The fund acquired 20,457 shares of the company’s stock, valued at approximately $4,873,000.

A number of other hedge funds have also recently made changes to their positions in the business. IFP Advisors Inc raised its holdings in shares of Regal Rexnord by 34.0% in 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. Parallel Advisors LLC boosted its stake in Regal Rexnord by 5.6% during the 1st quarter. Parallel Advisors LLC now owns 938 shares of the company’s stock valued at $176,000 after purchasing an additional 50 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in Regal Rexnord by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 14,855 shares of the company’s stock worth $2,084,000 after purchasing an additional 60 shares in the last quarter. UMB Bank n.a. increased its holdings in Regal Rexnord by 6.2% during the 4th quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $144,000 after purchasing an additional 60 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of Regal Rexnord by 3.2% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,092 shares of the company’s stock worth $392,000 after purchasing an additional 65 shares during the last quarter. 99.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RRX. Citigroup lifted their target price on Regal Rexnord from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Wolfe Research set a $250.00 price objective on Regal Rexnord in a research note on Thursday, July 9th. KeyCorp reduced their target price 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Regal Rexnord in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. upped their price objective 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. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Regal Rexnord currently has a consensus rating of “Moderate Buy” and an average target price of $244.92.

Regal Rexnord Stock Performance

NYSE RRX opened at $160.96 on Thursday. The company has a market capitalization of $10.72 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 1.17 and a beta of 1.06. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28. Regal Rexnord Corporation has a 52-week low of $127.96 and a 52-week high of $247.80. The company has a 50-day simple moving average of $194.60 and a 200 day simple moving average of $201.52.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the business posted $2.48 EPS. Regal Rexnord’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. On average, research analysts predict 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. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Regal Rexnord’s dividend payout ratio is currently 28.87%.

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.