Regal Rexnord (NYSE:RRX) CEO Louis Pinkham Sells 22,509 Shares of Stock

Regal Rexnord Corporation (NYSE:RRX) CEO Louis Pinkham sold 22,509 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $211.68, for a total transaction of $4,764,705.12. Following the completion of the sale, the chief executive officer owned 56,749 shares in the company, valued at approximately $12,012,628.32. This trade represents a 28.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Regal Rexnord Price Performance

Shares of RRX opened at $206.15 on Thursday. The stock has a market cap of $13.72 billion, a PE ratio of 47.94, a price-to-earnings-growth ratio of 1.97 and a beta of 1.15. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.08 and a current ratio of 2.17. Regal Rexnord Corporation has a fifty-two week low of $127.96 and a fifty-two week high of $236.35. The firm’s 50-day simple moving average is $199.53 and its two-hundred day simple moving average is $174.44.

Regal Rexnord (NYSE:RRX) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.06. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Regal Rexnord had a net margin of 4.78% and a return on equity of 9.49%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.15 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. Analysts anticipate that Regal Rexnord Corporation will post 10.63 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.40 dividend on an annualized basis and a yield of 0.7%. Regal Rexnord’s dividend payout ratio is 32.56%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RRX. Victory Capital Management Inc. lifted its holdings in shares of Regal Rexnord by 138.4% in the 3rd quarter. Victory Capital Management Inc. now owns 3,968,101 shares of the company’s stock valued at $566,981,000 after acquiring an additional 2,303,373 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Regal Rexnord by 115.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,836,264 shares of the company’s stock valued at $343,859,000 after acquiring an additional 984,185 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of 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 acquiring an additional 894,527 shares during the last quarter. Norges Bank bought a new position in shares of Regal Rexnord in the 4th quarter valued at about $121,301,000. Finally, Viking Global Investors LP lifted its holdings in shares of Regal Rexnord by 25.7% in the 2nd quarter. Viking Global Investors LP now owns 3,430,128 shares of the company’s stock valued at $497,231,000 after acquiring an additional 701,145 shares during the last quarter. Institutional investors own 99.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on RRX shares. The Goldman Sachs Group increased their price objective on shares of Regal Rexnord from $170.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Citigroup increased their price objective on shares of Regal Rexnord from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Oppenheimer increased their price objective on shares of Regal Rexnord from $180.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Regal Rexnord in a research report on Tuesday, April 21st. Finally, Barclays increased their price objective on shares of Regal Rexnord from $237.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, March 23rd. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $231.00.

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.