Regal Rexnord Co. (NYSE:RRX) Shares Bought by American Century Companies Inc.

American Century Companies Inc. increased its holdings in Regal Rexnord Co. (NYSE:RRX - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 434,130 shares of the company's stock after acquiring an additional 13,908 shares during the quarter. American Century Companies Inc. owned approximately 0.66% of Regal Rexnord worth $67,347,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ increased its position in shares of Regal Rexnord by 472.4% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 166 shares of the company's stock worth $25,000 after purchasing an additional 137 shares during the last quarter. Tobam bought a new stake in Regal Rexnord in the fourth quarter valued at about $45,000. Jones Financial Companies Lllp increased its holdings in Regal Rexnord by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 322 shares of the company's stock valued at $50,000 after buying an additional 153 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Regal Rexnord by 45.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 337 shares of the company's stock worth $52,000 after buying an additional 105 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Regal Rexnord by 30.3% in 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 in the last quarter. Hedge funds and other institutional investors own 99.72% of the company's stock.

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Regal Rexnord Stock Performance

Regal Rexnord stock traded down $3.24 during mid-day trading on Friday, hitting $117.55. 184,394 shares of the company's stock traded hands, compared to its average volume of 489,578. Regal Rexnord Co. has a one year low of $113.73 and a one year high of $185.28. The company has a market cap of $7.79 billion, a PE ratio of 39.90, a price-to-earnings-growth ratio of 1.37 and a beta of 1.11. The firm has a 50 day moving average price of $136.83 and a 200 day moving average price of $155.77. The company has a quick ratio of 1.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.87.

Regal Rexnord (NYSE:RRX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $2.34 earnings per share 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, equities analysts forecast that Regal Rexnord Co. will post 9.95 EPS for the current year.

Regal Rexnord Dividend Announcement

The company also recently announced 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 is Monday, March 31st. This represents a $1.40 dividend on an annualized basis and a yield of 1.19%. Regal Rexnord's dividend payout ratio (DPR) is 47.46%.

Analysts Set New Price Targets

Several research firms recently issued reports on RRX. Jefferies Financial Group began coverage on Regal Rexnord in a research report on Thursday, December 12th. They set a "buy" rating and a $215.00 price target on the stock. StockNews.com cut shares of Regal Rexnord from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 16th. Oppenheimer decreased 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. Citigroup dropped their price objective on shares of Regal Rexnord from $210.00 to $190.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Finally, Barclays decreased their target price on Regal Rexnord from $160.00 to $155.00 and set an "overweight" rating for the company in a research note on Wednesday. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Regal Rexnord has a consensus rating of "Moderate Buy" and a consensus target price of $195.13.

About Regal Rexnord

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.