Tidal Investments LLC Purchases 3,429 Shares of Regal Rexnord Corporation $RRX

Tidal Investments LLC boosted its position in shares of Regal Rexnord Corporation (NYSE:RRX) by 173.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 5,403 shares of the company’s stock after purchasing an additional 3,429 shares during the period. Tidal Investments LLC’s holdings in Regal Rexnord were worth $1,287,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Clearstead Trust LLC acquired a new position in shares of Regal Rexnord in the 2nd quarter valued at approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Regal Rexnord during the second quarter valued at approximately $27,000. Covestor Ltd raised its position in Regal Rexnord by 81.6% during the fourth quarter. Covestor Ltd now owns 178 shares of the company’s stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Regal Rexnord during the second quarter worth $43,000. Finally, FNY Investment Advisers LLC bought a new stake in Regal Rexnord during the second quarter worth $43,000. 99.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RRX. Wall Street Zen lowered Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Citigroup upped their price objective on Regal Rexnord from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Regal Rexnord in a research note on Friday, July 17th. Oppenheimer reiterated an “outperform” rating on shares of Regal Rexnord in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. boosted their target price on Regal Rexnord from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $244.92.

Regal Rexnord Stock Up 0.1%

Shares of RRX opened at $148.08 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.16 and a current ratio of 2.28. Regal Rexnord Corporation has a 52 week low of $127.96 and a 52 week high of $247.80. The stock has a market capitalization of $9.86 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 1.10 and a beta of 1.06. The stock has a fifty day moving average of $179.59 and a 200-day moving average of $196.40.

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

Regal Rexnord Announces Dividend

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

Regal Rexnord Company Profile

Regal Rexnord Corporation (NYSE: RRX) is a global manufacturer of industrial powertrain, motion control, automation and air-management products. The company develops technologies that help customers operate equipment more efficiently, reliably and safely across a range of industrial and commercial applications.

Its product portfolio includes electric motors and generators, gearboxes and geared motors, bearings, couplings, clutches, brakes, conveyor components, belting, automation systems, power-transmission products, fans and blowers.