Regal Rexnord Corporation (RRX) To Go Ex-Dividend on December 31st

Regal Rexnord Corporation (NYSE:RRX) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Thursday, December 31st will be paid a dividend of $0.35 per share on Thursday, January 14th. This represents a $1.40 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, December 31st.

Regal Rexnord has a dividend payout ratio of 12.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Regal Rexnord to earn $12.97 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 10.8%.

Regal Rexnord Trading Down 6.6%

Shares of NYSE:RRX opened at $148.28 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.28 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average price is $159.47 and its 200 day moving average price is $190.64. The company has a market cap of $9.87 billion, a PE ratio of 15.60, a P/E/G ratio of 1.26 and a beta of 1.09. Regal Rexnord has a fifty-two week low of $127.96 and a fifty-two week high of $247.80.

Regal Rexnord (NYSE:RRX) last posted its earnings results on Wednesday, August 5th. The company reported $2.99 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 firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the firm earned $2.48 EPS. Regal Rexnord’s quarterly revenue was up 4.2% on a year-over-year basis. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. Sell-side analysts anticipate that Regal Rexnord will post 10.64 earnings per share for the current year.

Hedge Funds Weigh In On Regal Rexnord

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Regal Rexnord in the second quarter worth approximately $1,477,356,000. Wellington Management Group LLP grew its position in Regal Rexnord by 75.8% during the second quarter. Wellington Management Group LLP now owns 2,584,056 shares of the company’s stock valued at $615,496,000 after purchasing an additional 1,113,888 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Regal Rexnord during the second quarter valued at approximately $449,281,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Regal Rexnord during the second quarter valued at approximately $254,637,000. Finally, Bessemer Group Inc. increased its stake in Regal Rexnord by 4,155.4% in the 1st quarter. Bessemer Group Inc. now owns 916,054 shares of the company’s stock valued at $171,541,000 after buying an additional 894,527 shares during the period. 99.72% of the stock is currently owned by institutional investors and hedge funds.

Regal Rexnord Company Profile

Regal Rexnord Corporation is an industrial manufacturing company that develops and produces electric motors, power transmission components, motion-control systems and other equipment used in industrial and commercial applications. Its products include motors, gearboxes, bearings, couplings, belts, chains, drives, clutches, brakes and related controls, as well as air-moving and power-management solutions.

The company serves customers across industries such as automation, material handling, food and beverage, renewable energy, heating and ventilation, agriculture, and general industrial production.