Key Points
- Regal Rexnord CFO Robert Rehard sold 6,499 shares on May 22 at an average price of $200, totaling about $1.3 million. After the sale, he still held 27,965 shares, and the transaction reduced his ownership by 18.86%.
- The company recently beat quarterly expectations, reporting adjusted EPS of $2.17 versus the $2.11 consensus and revenue of $1.48 billion versus $1.43 billion expected. Revenue rose 4.3% year over year.
- Analysts remain generally positive on RRX, with six Buy ratings and three Hold ratings, and a consensus target price of $232.25. Regal Rexnord also announced a quarterly dividend of $0.35 per share, payable July 14.
Regal Rexnord Corporation (NYSE:RRX - Get Free Report) CFO Robert Rehard sold 6,499 shares of the firm's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $200.00, for a total transaction of $1,299,800.00. Following the transaction, the chief financial officer owned 27,965 shares in the company, valued at approximately $5,593,000. This trade represents a 18.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Robert Rehard also recently made the following trade(s):
- On Wednesday, February 25th, Robert Rehard sold 968 shares of Regal Rexnord stock. The stock was sold at an average price of $223.00, for a total transaction of $215,864.00.
Regal Rexnord Stock Performance
Shares of RRX opened at $208.98 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 1.08 and a debt-to-equity ratio of 0.69. The firm has a market cap of $13.91 billion, a PE ratio of 48.60, a price-to-earnings-growth ratio of 1.89 and a beta of 1.15. The company's 50 day simple moving average is $199.51 and its 200-day simple moving average is $177.94. Regal Rexnord Corporation has a 12-month low of $127.96 and a 12-month high of $236.35.
Regal Rexnord (NYSE:RRX - Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.11 by $0.06. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.43 billion. Regal Rexnord had a net margin of 4.78% and a return on equity of 9.49%. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $2.15 earnings per share. Regal Rexnord has set its FY 2026 guidance at 10.200-11.000 EPS. As a group, equities analysts predict that Regal Rexnord Corporation will post 10.63 EPS for the current year.
Regal Rexnord Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.7%. Regal Rexnord's dividend payout ratio (DPR) is 32.56%.
Institutional Investors Weigh In On Regal Rexnord
Institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc grew its holdings in shares of Regal Rexnord by 34.0% during the 4th quarter. IFP Advisors Inc now owns 193 shares of the company's stock worth $27,000 after purchasing an additional 49 shares during the period. Parallel Advisors LLC grew 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 purchasing an additional 50 shares during the period. Northwestern Mutual Investment Management Company LLC grew its holdings in shares of Regal Rexnord by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 14,855 shares of the company's stock worth $2,084,000 after purchasing an additional 60 shares during the period. UMB Bank n.a. grew its holdings in shares of Regal Rexnord by 6.2% during the 4th quarter. UMB Bank n.a. now owns 1,023 shares of the company's stock worth $144,000 after purchasing an additional 60 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its holdings in shares of Regal Rexnord by 3.2% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,092 shares of the company's stock worth $392,000 after purchasing an additional 65 shares during the period. 99.72% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on RRX shares. Weiss Ratings restated a "hold (c)" rating on shares of Regal Rexnord in a research report on Tuesday, April 21st. Barclays lifted their price objective on shares of Regal Rexnord from $237.00 to $245.00 and gave the company an "overweight" rating in a research report on Monday, March 23rd. Robert W. Baird set a $253.00 price objective on shares of Regal Rexnord in a research report on Friday, February 6th. KeyCorp lifted their price objective 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Regal Rexnord from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Tuesday. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Regal Rexnord presently has an average rating of "Moderate Buy" and a consensus target price of $232.25.
View Our Latest Stock Report on RRX
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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