Regal Rexnord Co. (NYSE:RRX) Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG trimmed its holdings in Regal Rexnord Co. (NYSE:RRX) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 691,897 shares of the company’s stock after selling 47,500 shares during the period. Regal Rexnord comprises about 2.3% of Robeco Schweiz AG’s holdings, making the stock its 10th largest position. Robeco Schweiz AG’s holdings in Regal Rexnord were worth $107,334,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Creative Planning increased its holdings in Regal Rexnord by 11.6% during the third quarter. Creative Planning now owns 3,131 shares of the company’s stock worth $519,000 after buying an additional 326 shares during the last quarter. International Assets Investment Management LLC lifted its position in Regal Rexnord by 87,585.7% during the third quarter. International Assets Investment Management LLC now owns 6,138 shares of the company’s stock valued at $1,018,000 after purchasing an additional 6,131 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Regal Rexnord by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 7,714 shares of the company’s stock valued at $1,279,000 after purchasing an additional 520 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Regal Rexnord by 2.7% during the third quarter. Nisa Investment Advisors LLC now owns 3,616 shares of the company’s stock valued at $601,000 after purchasing an additional 95 shares during the last quarter. Finally, First Trust Direct Indexing L.P. bought a new stake in shares of Regal Rexnord in the 3rd quarter worth approximately $272,000. 99.72% of the stock is owned by institutional investors.

Regal Rexnord Stock Up 0.8 %

NYSE:RRX opened at $134.25 on Thursday. Regal Rexnord Co. has a twelve month low of $128.95 and a twelve month high of $185.28. The stock has a fifty day simple moving average of $151.63 and a 200-day simple moving average of $161.46. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 45.51, a price-to-earnings-growth ratio of 1.37 and a beta of 1.03. The company has a current ratio of 2.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87.

Regal Rexnord (NYSE:RRX) last announced its earnings results on Wednesday, February 5th. The company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.22). Regal Rexnord had a return on equity of 9.57% and a net margin of 3.25%. Analysts anticipate that Regal Rexnord Co. will post 9.95 EPS for the current year.

Regal Rexnord Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.40 annualized dividend and a yield of 1.04%. Regal Rexnord’s dividend payout ratio is presently 47.46%.

Wall Street Analyst Weigh In

RRX has been the subject of a number of recent research reports. StockNews.com lowered shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th. Jefferies Financial Group assumed coverage on shares of Regal Rexnord in a report on Thursday, December 12th. They set a “buy” rating and a $215.00 price target for the company. Oppenheimer lowered their price target on shares of Regal Rexnord from $210.00 to $190.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Barclays lowered their price target on shares of Regal Rexnord from $190.00 to $176.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Finally, Citigroup lowered their price target on shares of Regal Rexnord from $210.00 to $190.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $197.75.

Regal Rexnord Company 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.