Inceptionr LLC Sells 3,275 Shares of Regal Rexnord Co. (NYSE:RRX)

Inceptionr LLC trimmed its holdings in Regal Rexnord Co. (NYSE:RRX - Free Report) by 66.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,624 shares of the company's stock after selling 3,275 shares during the quarter. Inceptionr LLC's holdings in Regal Rexnord were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of RRX. Point72 Asset Management L.P. acquired a new stake in Regal Rexnord in the 3rd quarter valued at about $83,460,000. Westfield Capital Management Co. LP lifted its holdings in Regal Rexnord by 68.9% in the 3rd quarter. Westfield Capital Management Co. LP now owns 979,521 shares of the company's stock valued at $162,483,000 after acquiring an additional 399,649 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Regal Rexnord by 20.1% in the 4th quarter. Victory Capital Management Inc. now owns 2,176,963 shares of the company's stock valued at $337,712,000 after acquiring an additional 363,728 shares during the last quarter. TimesSquare Capital Management LLC raised its holdings in Regal Rexnord by 35.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 884,095 shares of the company's stock worth $137,150,000 after buying an additional 232,509 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Regal Rexnord during the 4th quarter worth about $22,325,000. 99.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Oppenheimer cut their price objective on Regal Rexnord from $210.00 to $190.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. The Goldman Sachs Group boosted their price objective on Regal Rexnord from $191.00 to $213.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Barclays cut their price objective on Regal Rexnord from $176.00 to $160.00 and set an "overweight" rating on the stock in a report on Monday. Jefferies Financial Group assumed coverage on Regal Rexnord in a report on Thursday, December 12th. They set a "buy" rating and a $215.00 price objective on the stock. Finally, Citigroup cut their price objective on Regal Rexnord from $210.00 to $190.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $195.75.

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Regal Rexnord Stock Up 0.3 %

Shares of NYSE RRX traded up $0.30 during trading hours on Wednesday, hitting $118.81. The stock had a trading volume of 583,743 shares, compared to its average volume of 472,083. The company has a market capitalization of $7.87 billion, a P/E ratio of 40.27, a P/E/G ratio of 1.37 and a beta of 1.11. The firm's 50-day moving average price is $144.45 and its two-hundred day moving average price is $158.79. Regal Rexnord Co. has a 52 week low of $113.73 and a 52 week high of $185.28. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 2.26.

Regal Rexnord (NYSE:RRX - Get Free Report) last announced its quarterly 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 net margin of 3.25% and a return on equity of 9.57%. Analysts anticipate that Regal Rexnord Co. will post 9.95 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.18%. Regal Rexnord's 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.