Regal Rexnord Corporation $RRX Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Regal Rexnord Corporation (NYSE:RRX) by 34.0% in the second quarter, Holdings Channel.com reports. The fund owned 483,108 shares of the company’s stock after selling 249,206 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Regal Rexnord were worth $115,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Regal Rexnord during the second quarter worth about $1,477,356,000. Bank of New York Mellon Corp purchased a new stake in shares of Regal Rexnord in the 2nd quarter valued at about $449,281,000. Victory Capital Management Inc. lifted its holdings in shares of 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 last quarter. Wellington Management Group LLP boosted its position in shares of Regal Rexnord by 75.8% in the 2nd quarter. Wellington Management Group LLP now owns 2,584,056 shares of the company’s stock valued at $615,496,000 after purchasing an additional 1,113,888 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Regal Rexnord in the 2nd quarter valued at about $254,637,000. Institutional investors and hedge funds own 99.72% of the company’s stock.

Analysts Set New Price Targets

RRX has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Regal Rexnord in a research report on Monday, July 20th. They set a “buy” rating and a $286.00 price target on the stock. KeyCorp lowered their target price on shares of Regal Rexnord from $265.00 to $240.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Citigroup lifted their target price on shares of Regal Rexnord from $240.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Regal Rexnord in a research report on Friday, July 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of Regal Rexnord from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Regal Rexnord presently has a consensus rating of “Moderate Buy” and an average price target of $244.92.

Regal Rexnord Stock Down 1.0%

RRX opened at $156.79 on Wednesday. Regal Rexnord Corporation has a 52 week low of $127.96 and a 52 week high of $247.80. The business has a 50 day moving average price of $195.76 and a two-hundred day moving average price of $201.89. The company has a quick ratio of 1.16, a current ratio of 2.28 and a debt-to-equity ratio of 0.66. The company has a market cap of $10.44 billion, a PE ratio of 32.33, a P/E/G ratio of 1.18 and a beta of 1.06.

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

Regal Rexnord Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Regal Rexnord’s payout ratio is currently 28.87%.

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.