SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 8.6% Stake in Regal Rexnord Corp

FMR LLC and its Chairman and CEO, Abigail P. Johnson, have filed an amended Schedule 13G, reporting a combined beneficial ownership of 8.6% of Regal Rexnord Corp's common stock as of December 31, 2024.

Summary

• FMR LLC and Abigail P. Johnson, as reporting persons, collectively hold beneficial ownership of 5,704,880.33 shares of Regal Rexnord Corp's common stock.
• This aggregate amount represents 8.6% of the total outstanding common stock of Regal Rexnord Corp.
• FMR LLC holds sole voting power over 4,627,127.48 shares and sole dispositive power over 5,704,880.33 shares.
• Abigail P. Johnson, through her role at FMR LLC and the Johnson family's controlling interest in FMR LLC, is deemed to have sole dispositive power over 5,704,880.33 shares.
• The filing is an Amendment No. 11 to a previously filed Schedule 13G.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Regal Rexnord Corp.
• Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater of the outstanding shares.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive. A large, established investment firm maintaining a significant stake (8.6%) in a company generally indicates a degree of confidence. The filing explicitly states the shares are held in the ordinary course of business and not for control purposes, which can be viewed favorably as it suggests a long-term investment rather than an activist play.

Positives

• The continued significant stake by a major institutional investor like FMR LLC may signal confidence in Regal Rexnord Corp's long-term prospects.
• The filing explicitly states that the shares are held in the ordinary course of business and not for control-influencing purposes, which can reduce concerns about activist investor actions.

Negatives

• The document does not contain information that would typically be categorized as negative, as it is a beneficial ownership report.

Risks

• The document does not detail specific risks related to Regal Rexnord Corp's operations or financial performance, as it is a beneficial ownership filing.

Future Outlook

This Schedule 13G filing does not contain forward-looking statements or guidance regarding Regal Rexnord Corp's future outlook.

Industry Context

This filing reflects a significant ownership stake by a major asset management firm, FMR LLC (Fidelity), in Regal Rexnord Corp, a diversified industrial company. Such filings are standard disclosures for institutional investors crossing certain ownership thresholds and provide transparency into major shareholders' positions. The 8.6% stake indicates a notable, but non-controlling, investment by a prominent financial institution.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, which can influence market perception and potentially signal stability or confidence.
• Management: Awareness of a large, passive institutional holder, which typically aligns with long-term strategic goals rather than short-term pressures.

Key Dates

Keywords

FMR LLC, Abigail P. Johnson, Regal Rexnord Corp, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, SEC Filing, Ownership Stake