Natixis Advisors LLC Increases Stock Position in Regal Rexnord Co. (NYSE:RRX)

Natixis Advisors LLC boosted its stake in Regal Rexnord Co. (NYSE:RRX - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,606 shares of the company's stock after purchasing an additional 2,673 shares during the quarter. Natixis Advisors LLC owned about 0.14% of Regal Rexnord worth $13,901,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of RRX. Skandinaviska Enskilda Banken AB publ lifted its stake in Regal Rexnord by 472.4% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 166 shares of the company's stock worth $25,000 after purchasing an additional 137 shares in the last quarter. Tobam bought a new stake in shares of Regal Rexnord in the 4th quarter worth about $45,000. Jones Financial Companies Lllp increased 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 worth $50,000 after buying an additional 153 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings 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 buying an additional 105 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Regal Rexnord by 30.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 430 shares of the company's stock worth $71,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 99.72% of the company's stock.

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Regal Rexnord Trading Down 2.2 %

RRX stock traded down $2.71 during mid-day trading on Friday, reaching $120.82. The company had a trading volume of 826,550 shares, compared to its average volume of 481,763. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.25. The company has a market capitalization of $8.01 billion, a PE ratio of 40.96, a price-to-earnings-growth ratio of 1.37 and a beta of 1.11. The firm has a 50 day moving average of $139.44 and a 200 day moving average of $156.57. Regal Rexnord Co. has a 12 month low of $113.73 and a 12 month high of $185.28.

Regal Rexnord (NYSE:RRX - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $2.34 EPS 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 predict that Regal Rexnord Co. will post 9.95 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid 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 1.16%. Regal Rexnord's dividend payout ratio is currently 47.46%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RRX. The Goldman Sachs Group boosted their target price on shares of Regal Rexnord from $191.00 to $213.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Barclays reduced their target price on shares of Regal Rexnord from $176.00 to $160.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Oppenheimer reduced 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. StockNews.com downgraded shares of Regal Rexnord from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 16th. Finally, Citigroup cut their price target on shares of Regal Rexnord from $210.00 to $190.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $195.75.

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.