TimesSquare Capital Management LLC Makes New $110.85 Million Investment in Regal Rexnord Corporation $RRX

TimesSquare Capital Management LLC bought a new position in shares of Regal Rexnord Corporation (NYSE:RRX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 465,372 shares of the company’s stock, valued at approximately $110,847,000. Regal Rexnord makes up 1.6% of TimesSquare Capital Management LLC’s holdings, making the stock its 13th largest position.

Several other hedge funds have also modified their holdings of the business. AQR Capital Management LLC grew its holdings in Regal Rexnord by 208.1% during the first quarter. AQR Capital Management LLC now owns 17,747 shares of the company’s stock worth $2,011,000 after acquiring an additional 11,987 shares during the period. Jones Financial Companies Lllp lifted its holdings in Regal Rexnord by 91.6% in the first quarter. Jones Financial Companies Lllp now owns 617 shares of the company’s stock valued at $70,000 after acquiring an additional 295 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Regal Rexnord by 135.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $25,000 after purchasing an additional 127 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Regal Rexnord by 6.7% during the 2nd quarter. Cetera Investment Advisers now owns 3,116 shares of the company’s stock worth $452,000 after purchasing an additional 196 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Regal Rexnord during the 2nd quarter worth $4,759,000. 99.72% of the stock is owned by institutional investors and hedge funds.

Regal Rexnord Stock Performance

Regal Rexnord stock opened at $174.71 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28. The stock has a fifty day moving average of $207.79 and a two-hundred day moving average of $203.82. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of 36.02, a PEG ratio of 1.31 and a beta of 1.09. Regal Rexnord Corporation has a fifty-two week low of $127.96 and a fifty-two week high of $247.80.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.41. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.58 billion. Regal Rexnord had a return on equity of 9.93% and a net margin of 5.35%.The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, analysts anticipate that Regal Rexnord Corporation will post 10.68 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.40 annualized dividend and a yield of 0.8%. Regal Rexnord’s payout ratio is presently 28.87%.

Analyst Ratings Changes

Several brokerages recently commented on RRX. Wolfe Research set a $250.00 price objective on shares of Regal Rexnord in a research note on Thursday, July 9th. Oppenheimer restated an “outperform” rating on shares of Regal Rexnord in a research report on Friday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Regal Rexnord in a report on Friday, July 17th. Citigroup lifted their price target on shares of Regal Rexnord from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, KeyCorp decreased their price target on Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Regal Rexnord currently has an average rating of “Moderate Buy” and an average target price of $244.92.

Insider Transactions at Regal Rexnord

In other Regal Rexnord news, CFO Robert Rehard sold 6,499 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $200.00, for a total value of $1,299,800.00. Following the transaction, the chief financial officer directly owned 27,965 shares in the company, valued at approximately $5,593,000. This represents a 18.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.63% of the company’s stock.

Regal Rexnord 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.