Regal Rexnord Corporation $RRX Shares Sold by Amundi

Amundi reduced its stake in shares of Regal Rexnord Corporation (NYSE:RRX) by 9.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,956 shares of the company’s stock after selling 2,229 shares during the period. Amundi’s holdings in Regal Rexnord were worth $2,386,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Bernard Wealth Management Corp. acquired a new position in shares of Regal Rexnord during the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC grew its stake in Regal Rexnord by 106.2% in the 1st quarter. Golden State Wealth Management LLC now owns 268 shares of the company’s stock worth $31,000 after acquiring an additional 138 shares during the period. Headlands Technologies LLC purchased a new stake in Regal Rexnord in the 1st quarter worth approximately $81,000. Signaturefd LLC grew its stake in Regal Rexnord by 25.5% in the 1st quarter. Signaturefd LLC now owns 911 shares of the company’s stock worth $104,000 after acquiring an additional 185 shares during the period. Finally, CWM LLC grew its stake in Regal Rexnord by 18.1% in the 1st quarter. CWM LLC now owns 1,011 shares of the company’s stock worth $115,000 after acquiring an additional 155 shares during the period. 99.72% of the stock is currently owned by institutional investors and hedge funds.

Regal Rexnord Stock Performance

Shares of RRX stock opened at $144.90 on Friday. Regal Rexnord Corporation has a 12 month low of $90.56 and a 12 month high of $185.28. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.00 and a quick ratio of 0.93. The firm has a market capitalization of $9.62 billion, a P/E ratio of 38.54, a P/E/G ratio of 1.42 and a beta of 1.18. The company’s fifty day moving average price is $148.64 and its two-hundred day moving average price is $133.04.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.06. Regal Rexnord had a net margin of 4.28% and a return on equity of 9.73%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business posted $2.29 EPS. The firm’s revenue was down 3.3% compared to the same quarter last year. Regal Rexnord has set its FY 2025 guidance at 9.700-10.300 EPS. On average, research analysts anticipate that Regal Rexnord Corporation will post 9.95 earnings per share for the current fiscal year.

Regal Rexnord Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.40 dividend on an annualized basis and a yield of 1.0%. Regal Rexnord’s payout ratio is currently 37.23%.

Wall Street Analysts Forecast Growth

Several analysts have commented on RRX shares. KeyCorp set a $180.00 target price on shares of Regal Rexnord and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Citigroup reaffirmed a “buy” rating and issued a $165.00 target price (up from $145.00) on shares of Regal Rexnord in a research note on Tuesday, June 24th. The Goldman Sachs Group boosted their price objective on shares of Regal Rexnord from $173.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Barclays boosted their price objective on shares of Regal Rexnord from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Regal Rexnord has a consensus rating of “Buy” and a consensus target price of $185.25.

Regal Rexnord Profile

Regal Rexnord Corporation manufactures and sells industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems worldwide. The Industrial Powertrain Solutions segment provides mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes, gear motors, clutches, brakes, special, and industrial powertrain components and solutions for food and beverage, bulk material handling, eCommerce/warehouse distribution, energy, mining, marine, agricultural machinery, turf and garden, and general industrial markets.