Robeco Institutional Asset Management B.V. Raises Stake in Regal Rexnord Co. (NYSE:RRX)

Robeco Institutional Asset Management B.V. increased its stake in Regal Rexnord Co. (NYSE:RRX - Free Report) by 9.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 35,485 shares of the company's stock after buying an additional 3,058 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.05% of Regal Rexnord worth $5,505,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its position in shares of Regal Rexnord by 72.5% during the 3rd quarter. UMB Bank n.a. now owns 345 shares of the company's stock valued at $57,000 after acquiring an additional 145 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in Regal Rexnord by 30.3% in 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 during the last quarter. 1620 Investment Advisors Inc. grew its holdings in Regal Rexnord by 17.4% during the third quarter. 1620 Investment Advisors Inc. now owns 452 shares of the company's stock valued at $75,000 after purchasing an additional 67 shares during the period. GAMMA Investing LLC increased its position in Regal Rexnord by 30.0% in the third quarter. GAMMA Investing LLC now owns 841 shares of the company's stock worth $140,000 after buying an additional 194 shares during the last quarter. Finally, Weatherly Asset Management L. P. bought a new stake in shares of Regal Rexnord in the third quarter valued at $180,000. Institutional investors own 99.72% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RRX shares. StockNews.com downgraded Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 16th. Robert W. Baird reduced their target price on shares of Regal Rexnord from $223.00 to $208.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Citigroup lowered their price target on shares of 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 assumed coverage on shares of Regal Rexnord in a report on Thursday, December 12th. They issued a "buy" rating and a $215.00 price objective for the company. Finally, The Goldman Sachs Group boosted their target price on shares of Regal Rexnord from $191.00 to $213.00 and gave the company a "buy" rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Regal Rexnord currently has a consensus rating of "Moderate Buy" and a consensus price target of $202.00.

Regal Rexnord Price Performance

NYSE:RRX traded down $12.59 during trading hours on Thursday, hitting $142.48. The stock had a trading volume of 1,374,269 shares, compared to its average volume of 544,245. The company has a 50 day simple moving average of $161.01 and a two-hundred day simple moving average of $163.04. The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 44.95, a P/E/G ratio of 1.53 and a beta of 1.03. 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 one year low of $130.94 and a one year high of $185.28.

Regal Rexnord (NYSE:RRX - Get Free Report) last issued its quarterly earnings data 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 9.48% and a net margin of 3.41%. Research analysts forecast that Regal Rexnord Co. will post 9.24 earnings per share for the current fiscal year.

Regal Rexnord Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Monday, March 31st. Regal Rexnord's dividend payout ratio (DPR) is currently 44.16%.

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.