Dynamic Technology Lab Private Ltd Purchases 4,981 Shares of Regal Rexnord Co. (NYSE:RRX)

Dynamic Technology Lab Private Ltd boosted its stake in Regal Rexnord Co. (NYSE:RRX - Free Report) by 79.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,257 shares of the company's stock after buying an additional 4,981 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Regal Rexnord were worth $1,867,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of Regal Rexnord in the 2nd quarter valued at $46,000. UMB Bank n.a. grew its position in Regal Rexnord by 72.5% during the 3rd quarter. UMB Bank n.a. now owns 345 shares of the company's stock worth $57,000 after acquiring an additional 145 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in Regal Rexnord in the 2nd quarter valued at $52,000. GAMMA Investing LLC boosted its stake in Regal Rexnord by 13.9% in the second quarter. GAMMA Investing LLC now owns 647 shares of the company's stock worth $87,000 after purchasing an additional 79 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Regal Rexnord by 25.4% during the second quarter. CWM LLC now owns 825 shares of the company's stock worth $112,000 after purchasing an additional 167 shares during the last quarter. Institutional investors and hedge funds own 99.72% of the company's stock.

Insiders Place Their Bets

In other Regal Rexnord news, CEO Louis V. Pinkham sold 8,774 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $180.03, for a total transaction of $1,579,583.22. Following the sale, the chief executive officer now directly owns 149,618 shares in the company, valued at approximately $26,935,728.54. This trade represents a 5.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.82% of the company's stock.

Regal Rexnord Trading Down 5.7 %

Shares of Regal Rexnord stock traded down $10.33 during trading on Tuesday, hitting $171.89. 687,509 shares of the company were exchanged, compared to its average volume of 456,178. The firm has a market capitalization of $11.38 billion, a P/E ratio of 57.48, a price-to-earnings-growth ratio of 1.92 and a beta of 1.04. The firm's fifty day moving average price is $170.63 and its 200 day moving average price is $157.36. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.45 and a quick ratio of 1.35. Regal Rexnord Co. has a 1-year low of $113.79 and a 1-year high of $185.28.

Regal Rexnord (NYSE:RRX - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.01. The firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.53 billion. Regal Rexnord had a net margin of 3.41% and a return on equity of 9.48%. The business's revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.10 earnings per share. As a group, sell-side analysts expect that Regal Rexnord Co. will post 9.25 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, December 31st. Regal Rexnord's payout ratio is presently 44.16%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Loop Capital reiterated a "buy" rating and set a $200.00 target price on shares of Regal Rexnord in a research report on Thursday, September 19th. Barclays lifted their target price on Regal Rexnord from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Robert W. Baird cut their price target on Regal Rexnord from $223.00 to $208.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group raised their price target on Regal Rexnord from $176.00 to $195.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Finally, StockNews.com raised Regal Rexnord from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $193.00.

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.