Billionaire Lee Cooperman’s 5 Stock Picks with Huge Upside Potential

In this article, we discuss billionaire Lee Cooperman’s 5 stock picks with huge upside potential. To read the details of Mr. Cooperman’s life and investment strategy, go directly to Billionaire Lee Cooperman’s 10 Stock Picks with Huge Upside Potential.

5. Regal Rexnord Corporation (NYSE:RRX)

Cooperman’s Stake Value: $66.391 million

Average analyst price target: $163.00

Average analyst price target upside: 31.12%

Regal Rexnord Corporation (NYSE:RRX) is a Wisconsin-based company that is involved in designing and manufacturing electric motors and power transmission components.

Regal Rexnord Corporation (NYSE:RRX) is a dividend stock with a yield of 1.13%. The company’s next quarterly dividend of $0.35 will be paid by January 12 to the shareholders of record on December 29.

On November 1, Regal Rexnord Corporation (NYSE:RRX) released its Q3 earnings result with a non-GAAP EPS of $2.10 and revenue of $1.65 billion, which grew by 24.1% year-over-year (YoY).

Regal Rexnord Corporation (NYSE:RRX) was mentioned in Diamond Hill Capital’s first-quarter 2023 investor letter. Here is what it said:

“Regal Rexnord Corporation (NYSE:RRX) is a manufacturer of electric motors and motion control products for industrial and HVAC equipment. We believe a new management team has Regal on a path to significant operating improvements after adopting a more disciplined approach while the merger with Rexnord’s motion control segment and the recently announced acquisition of Altra Industrial Motion dramatically increases the size of its best business and provides significant opportunities for cost and revenue synergies. Furthermore, Regal Rexnord is in an excellent position to benefit from secular tailwinds such as an increasing focus on energy efficiency, automation, re-shoring and electrification. With the stock trading at a significant discount to our estimate of intrinsic value, we view it as a compelling long-term opportunity.”