Dean Investment Associates LLC Raises Position in Regal Rexnord Co. (NYSE:RRX)

Dean Investment Associates LLC lifted its stake in shares of Regal Rexnord Co. (NYSE:RRX - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,886 shares of the company's stock after purchasing an additional 2,985 shares during the period. Dean Investment Associates LLC's holdings in Regal Rexnord were worth $3,705,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. HighTower Advisors LLC lifted its stake in Regal Rexnord by 7.3% in the 3rd quarter. HighTower Advisors LLC now owns 2,451 shares of the company's stock valued at $403,000 after purchasing an additional 167 shares during the last quarter. M&T Bank Corp lifted its stake in Regal Rexnord by 6.7% in the third quarter. M&T Bank Corp now owns 3,274 shares of the company's stock worth $542,000 after purchasing an additional 206 shares during the last quarter. Tidal Investments LLC grew its stake in Regal Rexnord by 4.8% in the 3rd quarter. Tidal Investments LLC now owns 7,605 shares of the company's stock worth $1,262,000 after acquiring an additional 347 shares in the last quarter. Franklin Resources Inc. grew its stake in Regal Rexnord by 7.2% in the third 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 last quarter. Finally, American Trust lifted its holdings in shares of Regal Rexnord by 11.5% during the 3rd quarter. American Trust now owns 1,797 shares of the company's stock valued at $298,000 after purchasing an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 99.72% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. KeyCorp decreased their price target on Regal Rexnord from $180.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Barclays reduced their price objective on shares of Regal Rexnord from $160.00 to $155.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. The Goldman Sachs Group reduced their target price on shares of Regal Rexnord from $183.00 to $163.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. StockNews.com downgraded Regal Rexnord from a "buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Finally, Oppenheimer lowered their target price on shares of Regal Rexnord from $210.00 to $190.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Regal Rexnord has an average rating of "Moderate Buy" and an average target price of $170.75.

Regal Rexnord Stock Up 3.5 %

Shares of NYSE:RRX traded up $3.37 during trading on Tuesday, reaching $100.64. 144,488 shares of the company traded hands, compared to its average volume of 530,440. The firm has a market cap of $6.67 billion, a P/E ratio of 34.10, a price-to-earnings-growth ratio of 1.37 and a beta of 1.09. The firm has a fifty day simple moving average of $117.29 and a 200 day simple moving average of $147.86. 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 Co. has a 1-year low of $90.56 and a 1-year high of $185.28.

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

Regal Rexnord Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.39%. The ex-dividend date was Monday, March 31st. Regal Rexnord's dividend payout ratio (DPR) is 47.46%.

Regal Rexnord 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.