Murphy & Mullick Capital Management Corp Acquires Shares of 2,316 Regal Rexnord Co. (NYSE:RRX)

Murphy & Mullick Capital Management Corp bought a new position in shares of Regal Rexnord Co. (NYSE:RRX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,316 shares of the company's stock, valued at approximately $359,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in shares of Regal Rexnord in the 4th quarter valued at about $813,000. LPL Financial LLC lifted its stake in Regal Rexnord by 14.2% in the fourth quarter. LPL Financial LLC now owns 32,007 shares of the company's stock valued at $4,965,000 after buying an additional 3,982 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Regal Rexnord during the 4th quarter worth approximately $2,099,000. Sei Investments Co. grew its position in shares of Regal Rexnord by 7.5% during the 4th quarter. Sei Investments Co. now owns 21,366 shares of the company's stock worth $3,315,000 after buying an additional 1,492 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Regal Rexnord by 3.3% in the 4th quarter. American Century Companies Inc. now owns 434,130 shares of the company's stock valued at $67,347,000 after acquiring an additional 13,908 shares in the last quarter. Institutional investors and hedge funds own 99.72% of the company's stock.

Regal Rexnord Stock Down 2.3 %

Shares of RRX traded down $2.76 during trading hours on Friday, reaching $118.03. 693,391 shares of the stock traded hands, compared to its average volume of 491,018. Regal Rexnord Co. has a 52 week low of $113.73 and a 52 week high of $185.28. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 40.01, a PEG ratio of 1.37 and a beta of 1.11. The stock has a fifty day simple moving average of $136.06 and a 200 day simple moving average of $155.62. The company has a current ratio of 2.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87.

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

Regal Rexnord Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.19%. The ex-dividend date is Monday, March 31st. Regal Rexnord's dividend payout ratio is 47.46%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on RRX shares. Barclays decreased 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 note on Wednesday. The Goldman Sachs Group increased their price target on Regal Rexnord from $191.00 to $213.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Jefferies Financial Group started coverage on Regal Rexnord in a report on Thursday, December 12th. They set a "buy" rating and a $215.00 price objective for the company. Citigroup cut their target price on Regal Rexnord from $210.00 to $190.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Finally, Oppenheimer reduced their price target on shares of Regal Rexnord from $210.00 to $190.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. One research analyst has rated the stock with a hold rating and nine 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 $195.13.

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.