Key Points
- Regal Rexnord CEO Louis Pinkham sold 22,509 shares on May 11 for about $4.76 million at an average price of $211.68, reducing his ownership by 28.4%.
- The company recently beat earnings expectations, reporting EPS of $2.17 versus $2.11 expected and revenue of $1.48 billion versus $1.43 billion expected, with revenue up 4.3% year over year.
- Regal Rexnord also announced a quarterly dividend of $0.35 per share, payable July 14, and Wall Street currently has a Moderate Buy consensus with a target price of $231.00.
Regal Rexnord Corporation (NYSE:RRX - Get Free Report) Director Robin Walker-Lee sold 1,297 shares of Regal Rexnord stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $213.85, for a total transaction of $277,363.45. Following the sale, the director directly owned 5,503 shares of the company's stock, valued at $1,176,816.55. The trade was a 19.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Regal Rexnord Stock Down 1.7%
Shares of RRX opened at $206.15 on Thursday. The firm has a market cap of $13.72 billion, a P/E ratio of 47.94, a price-to-earnings-growth ratio of 1.97 and a beta of 1.15. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.08 and a current ratio of 2.17. Regal Rexnord Corporation has a 52 week low of $127.96 and a 52 week high of $236.35. The firm's 50-day simple moving average is $199.53 and its 200 day simple moving average is $174.44.
Regal Rexnord (NYSE:RRX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.06. Regal Rexnord had a net margin of 4.78% and a return on equity of 9.49%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the business posted $2.15 earnings per share. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. On average, analysts forecast that Regal Rexnord Corporation will post 10.63 earnings per share for the current year.
Regal Rexnord Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.40 annualized dividend and a yield of 0.7%. Regal Rexnord's payout ratio is 32.56%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Barclays increased their price objective on Regal Rexnord from $237.00 to $245.00 and gave the stock an "overweight" rating in a research report on Monday, March 23rd. KeyCorp boosted their target price on shares of Regal Rexnord from $255.00 to $265.00 and gave the company an "overweight" rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised their price target on shares of Regal Rexnord from $190.00 to $230.00 and gave the stock an "overweight" rating in a research report on Friday, February 6th. Wall Street Zen cut shares of Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 28th. Finally, The Goldman Sachs Group boosted their price objective on shares of Regal Rexnord from $170.00 to $230.00 and gave the company a "buy" rating in a report on Monday, February 9th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $231.00.
Get Our Latest Stock Analysis on Regal Rexnord
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. lifted its stake in Regal Rexnord by 18.5% during the first quarter. Sei Investments Co. now owns 150,101 shares of the company's stock worth $28,108,000 after purchasing an additional 23,447 shares during the last quarter. Levin Capital Strategies L.P. bought a new position in shares of Regal Rexnord in the 1st quarter valued at $15,349,000. Parallel Advisors LLC raised its holdings in shares of Regal Rexnord by 5.6% during the 1st quarter. Parallel Advisors LLC now owns 938 shares of the company's stock worth $176,000 after buying an additional 50 shares in the last quarter. Swiss National Bank raised its holdings in shares of Regal Rexnord by 0.3% during the 1st quarter. Swiss National Bank now owns 124,717 shares of the company's stock worth $23,355,000 after buying an additional 400 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Regal Rexnord by 22.8% during the 1st quarter. Jennison Associates LLC now owns 363,118 shares of the company's stock worth $67,997,000 after buying an additional 67,333 shares during the last quarter. 99.72% of the stock is currently owned by institutional investors and hedge funds.
Regal Rexnord Company Profile
(
Get Free Report)
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.
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