Regal Rexnord Corporation $RRX Shares Acquired by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC lifted its holdings in Regal Rexnord Corporation (NYSE:RRX) by 10.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 271,951 shares of the company’s stock after buying an additional 25,458 shares during the quarter. Regal Rexnord makes up about 2.2% of Cramer Rosenthal Mcglynn LLC’s holdings, making the stock its 10th largest holding. Cramer Rosenthal Mcglynn LLC’s holdings in Regal Rexnord were worth $30,962,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of RRX. Nuveen LLC bought a new stake in shares of Regal Rexnord in the first quarter valued at about $117,996,000. Invesco Ltd. lifted its holdings in shares of Regal Rexnord by 76.3% in the first quarter. Invesco Ltd. now owns 932,829 shares of the company’s stock valued at $106,203,000 after purchasing an additional 403,845 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Regal Rexnord by 79.8% in the fourth quarter. Nuveen Asset Management LLC now owns 899,688 shares of the company’s stock valued at $139,569,000 after purchasing an additional 399,267 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Regal Rexnord by 30.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,712,297 shares of the company’s stock valued at $194,955,000 after purchasing an additional 396,737 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of Regal Rexnord by 425.4% in the fourth quarter. Alyeska Investment Group L.P. now owns 400,050 shares of the company’s stock valued at $62,060,000 after purchasing an additional 323,904 shares in the last quarter. 99.72% of the stock is currently owned by institutional investors.

Regal Rexnord Price Performance

Shares of NYSE RRX opened at $153.8890 on Monday. The business’s 50 day moving average price is $147.82 and its two-hundred day moving average price is $131.93. The company has a market cap of $10.21 billion, a PE ratio of 40.93, a price-to-earnings-growth ratio of 1.55 and a beta of 1.18. The company has a quick ratio of 0.93, a current ratio of 2.00 and a debt-to-equity ratio of 0.72. Regal Rexnord Corporation has a twelve month low of $90.56 and a twelve month high of $185.28.

Regal Rexnord (NYSE:RRX) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.06. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. Regal Rexnord had a return on equity of 9.73% and a net margin of 4.28%.The business’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.29 earnings per share. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. On average, analysts predict that Regal Rexnord Corporation will post 9.95 EPS for the current year.

Regal Rexnord Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 30th. Regal Rexnord’s payout ratio is 37.23%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen upgraded Regal Rexnord from a “buy” rating to a “strong-buy” rating in a report on Sunday. Barclays lifted their target price on Regal Rexnord from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Robert W. Baird upped their target price on Regal Rexnord from $167.00 to $172.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. KeyCorp set a $180.00 target price on Regal Rexnord and gave the stock an “overweight” rating in a report on Thursday, June 26th. Finally, The Goldman Sachs Group upped their target price on Regal Rexnord from $173.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $185.25.

Regal Rexnord Company Profile

Regal Rexnord Corporation manufactures and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide. The Industrial Powertrain Solutions segment provides mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes, gear motors, clutches, brakes, special, and industrial powertrain components and solutions for food and beverage, bulk material handling, eCommerce/warehouse distribution, energy, mining, marine, agricultural machinery, turf and garden, and general industrial markets.