Wellington Management Group LLP Purchases 1,113,888 Shares of Regal Rexnord Corporation $RRX

Wellington Management Group LLP increased its position in shares of Regal Rexnord Corporation (NYSE:RRX) by 75.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,584,056 shares of the company’s stock after buying an additional 1,113,888 shares during the quarter. Wellington Management Group LLP owned about 3.88% of Regal Rexnord worth $615,496,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Regal Rexnord during the second quarter valued at approximately $1,477,356,000. Bank of New York Mellon Corp bought a new position in shares of Regal Rexnord in the 2nd quarter worth $449,281,000. Victory Capital Management Inc. grew its position in Regal Rexnord by 42.6% in the 4th quarter. Victory Capital Management Inc. now owns 5,658,365 shares of the company’s stock valued at $793,983,000 after purchasing an additional 1,690,264 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Regal Rexnord in the 2nd quarter valued at $254,637,000. Finally, Bessemer Group Inc. increased its stake in Regal Rexnord by 4,155.4% during the 1st quarter. Bessemer Group Inc. now owns 916,054 shares of the company’s stock valued at $171,541,000 after purchasing an additional 894,527 shares in the last quarter. Institutional investors own 99.72% of the company’s stock.

Regal Rexnord Price Performance

Shares of NYSE RRX opened at $157.88 on Friday. Regal Rexnord Corporation has a twelve month low of $127.96 and a twelve month high of $247.80. The stock’s 50 day moving average price is $198.44 and its 200-day moving average price is $202.91. The company has a market capitalization of $10.51 billion, a PE ratio of 32.55, a PEG ratio of 1.17 and a beta of 1.09. The company has a quick ratio of 1.16, a current ratio of 2.28 and a debt-to-equity ratio of 0.66.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.41. The company had revenue of $1.56 billion during 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%.Regal Rexnord’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $2.48 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.350-10.850 EPS. On average, equities analysts anticipate that Regal Rexnord Corporation will post 10.68 EPS for the current year.

Regal Rexnord Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. Regal Rexnord’s dividend payout ratio (DPR) is currently 28.87%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on RRX shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Regal Rexnord in a report on Monday, July 20th. They set a “buy” rating and a $286.00 price objective on the stock. DA Davidson assumed coverage on shares of Regal Rexnord in a research report on Tuesday, June 16th. They set a “buy” rating and a $260.00 target price for the company. Wall Street Zen cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. JPMorgan Chase & Co. boosted their price objective on Regal Rexnord from $230.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Regal Rexnord in a research note on Friday, July 17th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Regal Rexnord presently has an average rating of “Moderate Buy” and an average price target of $244.92.

Regal Rexnord Company 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.