F M Investments LLC Makes New $473,000 Investment in Regal Rexnord Co. (NYSE:RRX)

F M Investments LLC bought a new stake in Regal Rexnord Co. (NYSE:RRX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,047 shares of the company's stock, valued at approximately $473,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RRX. Skandinaviska Enskilda Banken AB publ boosted its position in Regal Rexnord by 472.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 166 shares of the company's stock valued at $25,000 after purchasing an additional 137 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in Regal Rexnord during the fourth quarter worth $30,000. Aster Capital Management DIFC Ltd acquired a new stake in Regal Rexnord in the fourth quarter valued at $33,000. Tobam bought a new position in shares of Regal Rexnord in the 4th quarter valued at about $45,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Regal Rexnord by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 322 shares of the company's stock worth $50,000 after purchasing an additional 153 shares during the last quarter. 99.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup reduced their price target on Regal Rexnord from $170.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. StockNews.com lowered Regal Rexnord from a "buy" rating to a "hold" rating in a report on Wednesday. KeyCorp cut 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. Oppenheimer decreased their price objective 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. Finally, Barclays cut their target price on shares of Regal Rexnord from $160.00 to $155.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Regal Rexnord currently has an average rating of "Moderate Buy" and an average price target of $170.75.

Regal Rexnord Stock Performance

NYSE:RRX traded up $1.73 during mid-day trading on Thursday, reaching $98.37. 333,605 shares of the company's stock were exchanged, compared to its average volume of 529,076. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 2.26. The firm has a market capitalization of $6.52 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 1.37 and a beta of 1.09. Regal Rexnord Co. has a one year low of $90.56 and a one year high of $185.28. The business's fifty day simple moving average is $119.62 and its two-hundred day simple moving average is $149.49.

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 company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.40 annualized dividend and a yield of 1.42%. Regal Rexnord's dividend payout ratio is 47.46%.

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.