Blair William & Co. IL Has $741,000 Stock Holdings in Regal Rexnord Co. (NYSE:RRX)

Blair William & Co. IL lessened its position in shares of Regal Rexnord Co. (NYSE:RRX - Free Report) by 46.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,777 shares of the company's stock after selling 4,183 shares during the period. Blair William & Co. IL's holdings in Regal Rexnord were worth $741,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of RRX. Victory Capital Management Inc. grew its holdings in Regal Rexnord by 20.1% in the 4th quarter. Victory Capital Management Inc. now owns 2,176,963 shares of the company's stock valued at $337,712,000 after buying an additional 363,728 shares during the last quarter. State Street Corp grew its stake in shares of Regal Rexnord by 1.3% in the third quarter. State Street Corp now owns 1,972,866 shares of the company's stock valued at $327,944,000 after buying an additional 24,860 shares in the last quarter. Franklin Resources Inc. boosted its stake in Regal Rexnord by 7.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,151,440 shares of the company's stock valued at $204,254,000 after purchasing an additional 77,215 shares during the period. Geode Capital Management LLC boosted its stake in shares of Regal Rexnord by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,104,090 shares of the company's stock valued at $183,195,000 after buying an additional 9,338 shares during the period. Finally, TimesSquare Capital Management LLC boosted its position in shares of Regal Rexnord by 35.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 884,095 shares of the company's stock worth $137,150,000 after acquiring an additional 232,509 shares in the last quarter. Institutional investors own 99.72% of the company's stock.

Regal Rexnord Stock Down 2.1 %

NYSE RRX traded down $2.01 during trading on Tuesday, reaching $93.77. 1,185,824 shares of the company's stock were exchanged, compared to its average volume of 514,190. The company has a 50 day moving average price of $126.80 and a two-hundred day moving average price of $152.49. The stock has a market cap of $6.21 billion, a P/E ratio of 31.79, a price-to-earnings-growth ratio of 1.37 and a beta of 1.09. Regal Rexnord Co. has a 1 year low of $90.56 and a 1 year high of $185.28. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 2.26.

Regal Rexnord (NYSE:RRX - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $2.34 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.22). Regal Rexnord had a net margin of 3.25% and a return on equity of 9.57%. On average, equities research analysts anticipate that Regal Rexnord Co. will post 9.95 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Monday, March 31st. Regal Rexnord's dividend payout ratio (DPR) is presently 47.46%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on RRX shares. Citigroup dropped their price target on Regal Rexnord from $170.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday. The Goldman Sachs Group cut their price target on Regal Rexnord from $183.00 to $163.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. StockNews.com upgraded Regal Rexnord from a "hold" rating to a "buy" rating in a research report on Tuesday. 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 target price for the company. Finally, Barclays lowered their price target on shares of Regal Rexnord from $160.00 to $155.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. One 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 has a consensus rating of "Moderate Buy" and an average target price of $170.75.

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.