Bokf Na Decreases Holdings in Regal Rexnord Corporation $RRX

Bokf Na trimmed its holdings in shares of Regal Rexnord Corporation (NYSE:RRX) by 62.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,100 shares of the company’s stock after selling 11,725 shares during the period. Bokf Na’s holdings in Regal Rexnord were worth $996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in RRX. Geneos Wealth Management Inc. boosted its position in Regal Rexnord by 135.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $25,000 after buying an additional 127 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Regal Rexnord in the 3rd quarter valued at about $27,000. Garner Asset Management Corp purchased a new position in Regal Rexnord in the 4th quarter valued at about $27,000. Root Financial Partners LLC purchased a new position in Regal Rexnord in the 3rd quarter valued at about $28,000. Finally, Advisory Services Network LLC purchased a new position in Regal Rexnord in the 3rd quarter valued at about $35,000. 99.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Regal Rexnord

In related news, CEO Louis V. Pinkham sold 36,728 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $215.52, for a total transaction of $7,915,618.56. Following the transaction, the chief executive officer owned 83,337 shares in the company, valued at $17,960,790.24. This trade represents a 30.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert Rehard sold 7,704 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $216.72, for a total transaction of $1,669,610.88. Following the transaction, the chief financial officer owned 34,154 shares in the company, valued at $7,401,854.88. This represents a 18.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,951 shares of company stock worth $10,576,689 over the last quarter. 0.63% of the stock is currently owned by company insiders.

Regal Rexnord Price Performance

NYSE RRX opened at $215.01 on Friday. Regal Rexnord Corporation has a 12 month low of $127.96 and a 12 month high of $236.35. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.17 and a quick ratio of 1.10. The firm has a market capitalization of $14.31 billion, a PE ratio of 50.00, a P/E/G ratio of 1.92 and a beta of 1.15. The company’s 50 day simple moving average is $200.38 and its 200 day simple moving average is $172.61.

Regal Rexnord (NYSE:RRX) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.06. Regal Rexnord had a net margin of 4.78% and a return on equity of 9.49%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business earned $2.15 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. As a group, equities research analysts forecast that Regal Rexnord Corporation will post 10.73 EPS 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 paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, June 30th. Regal Rexnord’s dividend payout ratio (DPR) is currently 32.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barclays upped 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. KeyCorp upped their price objective on shares of Regal Rexnord from $255.00 to $265.00 and gave the company an “overweight” rating in a research report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Regal Rexnord in a research report on Tuesday, April 21st. Oppenheimer upped 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. Finally, Wall Street Zen cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 28th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.