Regal Rexnord Co. (NYSE:RRX) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. reduced its position in shares of Regal Rexnord Co. (NYSE:RRX - Free Report) by 7.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,065,511 shares of the company's stock after selling 85,929 shares during the quarter. Franklin Resources Inc. owned about 1.61% of Regal Rexnord worth $165,293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ increased its stake in shares of 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 buying an additional 137 shares during the period. Tobam purchased a new position in Regal Rexnord during the 4th quarter valued at about $45,000. Jones Financial Companies Lllp raised its holdings in shares of Regal Rexnord by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 322 shares of the company's stock valued at $50,000 after purchasing an additional 153 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Regal Rexnord by 45.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 337 shares of the company's stock worth $52,000 after purchasing an additional 105 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Regal Rexnord by 30.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 430 shares of the company's stock valued at $71,000 after purchasing an additional 100 shares in the last quarter. 99.72% of the stock is owned by institutional investors.

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Regal Rexnord Stock Performance

Shares of RRX stock traded down $3.94 during trading hours on Friday, hitting $98.77. The company's stock had a trading volume of 1,534,768 shares, compared to its average volume of 504,749. The company has a current ratio of 2.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. The company has a 50 day moving average of $132.16 and a 200 day moving average of $154.54. Regal Rexnord Co. has a 12-month low of $92.71 and a 12-month high of $185.28. The stock has a market cap of $6.55 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 1.37 and a beta of 1.11.

Regal Rexnord (NYSE:RRX - Get Free Report) last posted its 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 return on equity of 9.57% and a net margin of 3.25%. On average, sell-side analysts forecast that Regal Rexnord Co. will post 9.95 EPS for the current fiscal year.

Regal Rexnord Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued 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 1.42%. Regal Rexnord's payout ratio is 47.46%.

Analyst Upgrades and Downgrades

RRX has been the subject of a number of recent research reports. The Goldman Sachs Group reduced their price objective on shares of Regal Rexnord from $183.00 to $163.00 and set a "buy" rating for the company in a research note on Wednesday. Barclays reduced their price target on Regal Rexnord from $160.00 to $155.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Citigroup dropped their price objective on Regal Rexnord from $210.00 to $190.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Jefferies Financial Group began coverage on shares of Regal Rexnord in a report on Thursday, December 12th. They issued a "buy" rating and a $215.00 target price for the company. Finally, StockNews.com cut shares of Regal Rexnord from a "buy" rating to a "hold" rating in a report on Monday. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $188.88.

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.