Regal Rexnord
About: Regal Rexnord Corp is in the engineering and manufacturing of industrial powertrain solutions, power transmission components, electric motors and electronic controls, air moving products, and specialty electrical components and systems, serving customers around the world. The four operating segments include Commercial Systems, Industrial Systems, Climate Solutions, and Motion Control Solutions.
Employees: 32,100
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
35% more call options, than puts
Call options by funds: $27.5M | Put options by funds: $20.3M
1.94% more ownership
Funds ownership: 98.46% [Q1] → 100.4% (+1.94%) [Q2]
7% more repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 138
4% less funds holding
Funds holding: 429 [Q1] → 410 (-19) [Q2]
23% less capital invested
Capital invested by funds: $11.8B [Q1] → $9.02B (-$2.74B) [Q2]
28% less first-time investments, than exits
New positions opened: 50 | Existing positions closed: 69
56% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 4 (-5) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Citigroup Kyle Menges 100% 1-year accuracy 3 / 3 met price target | 13%upside $200 | Buy Initiated | 14 Oct 2024 |
Barclays Julian Mitchell 77% 1-year accuracy 58 / 75 met price target | 8%upside $190 | Overweight Maintained | 2 Oct 2024 |
Loop Capital Chris Dankert 70% 1-year accuracy 7 / 10 met price target | 13%upside $200 | Buy Maintained | 19 Sept 2024 |
Goldman Sachs Joe Ritchie 75% 1-year accuracy 15 / 20 met price target | 10%upside $195 | Buy Maintained | 2 Aug 2024 |
Baird Michael Halloran 80% 1-year accuracy 16 / 20 met price target | 21%upside $213 | Outperform Maintained | 2 Aug 2024 |