Vontobel Holding Ltd. Sells 5,260 Shares of Regal Rexnord Co. (NYSE:RRX)

Vontobel Holding Ltd. lessened its holdings in Regal Rexnord Co. (NYSE:RRX) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 300,302 shares of the company’s stock after selling 5,260 shares during the quarter. Vontobel Holding Ltd. owned 0.45% of Regal Rexnord worth $46,586,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in RRX. Tobam bought a new position in shares of Regal Rexnord during the fourth quarter valued at about $45,000. Nomura Asset Management Co. Ltd. grew its position in Regal Rexnord by 30.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 430 shares of the company’s stock worth $71,000 after acquiring an additional 100 shares during the last quarter. 1620 Investment Advisors Inc. increased its stake in Regal Rexnord by 17.4% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 452 shares of the company’s stock worth $75,000 after purchasing an additional 67 shares during the period. GAMMA Investing LLC lifted its position in Regal Rexnord by 28.3% in the fourth quarter. GAMMA Investing LLC now owns 1,079 shares of the company’s stock valued at $167,000 after purchasing an additional 238 shares during the last quarter. Finally, Weatherly Asset Management L. P. purchased a new stake in shares of Regal Rexnord during the third quarter valued at approximately $180,000. 99.72% of the stock is owned by institutional investors.

Regal Rexnord Price Performance

RRX stock opened at $136.52 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.35. Regal Rexnord Co. has a 1 year low of $130.94 and a 1 year high of $185.28. The firm has a 50-day moving average of $157.56 and a 200 day moving average of $162.58. The company has a market cap of $9.04 billion, a P/E ratio of 46.28, a PEG ratio of 1.38 and a beta of 1.03.

Regal Rexnord (NYSE:RRX) last announced its earnings results on Wednesday, February 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.22). Regal Rexnord had a return on equity of 9.57% and a net margin of 3.25%. On average, sell-side analysts forecast that Regal Rexnord Co. will post 10.32 EPS for the current year.

Regal Rexnord Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Monday, March 31st. Regal Rexnord’s dividend payout ratio (DPR) is presently 47.46%.

Analyst Ratings Changes

Several research analysts recently commented on RRX shares. Jefferies Financial Group initiated coverage on shares of Regal Rexnord in a research note on Thursday, December 12th. They issued a “buy” rating and a $215.00 target price on the stock. The Goldman Sachs Group boosted their price objective on shares of Regal Rexnord from $191.00 to $213.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays dropped their target price on shares of Regal Rexnord from $205.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Oppenheimer cut their target price on Regal Rexnord from $210.00 to $190.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Finally, Robert W. Baird lowered their price target on Regal Rexnord from $223.00 to $208.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Regal Rexnord currently has an average rating of “Moderate Buy” and an average target price of $199.50.

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.