Vanguard Group Inc. Has $1.05 Billion Holdings in Regal Rexnord Co. (NYSE:RRX)

Vanguard Group Inc. trimmed its holdings in Regal Rexnord Co. (NYSE:RRX - Free Report) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,753,711 shares of the company's stock after selling 7,640 shares during the quarter. Vanguard Group Inc. owned about 10.20% of Regal Rexnord worth $1,047,703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC raised its stake in shares of Regal Rexnord by 14.2% in the fourth quarter. LPL Financial LLC now owns 32,007 shares of the company's stock worth $4,965,000 after acquiring an additional 3,982 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Regal Rexnord in the fourth quarter valued at approximately $2,099,000. Sei Investments Co. raised its position in Regal Rexnord by 7.5% in the 4th quarter. Sei Investments Co. now owns 21,366 shares of the company's stock worth $3,315,000 after purchasing an additional 1,492 shares during the last quarter. American Century Companies Inc. lifted its holdings in Regal Rexnord by 3.3% during the 4th quarter. American Century Companies Inc. now owns 434,130 shares of the company's stock worth $67,347,000 after buying an additional 13,908 shares in the last quarter. Finally, 1620 Investment Advisors Inc. lifted its holdings in Regal Rexnord by 43.4% during the 4th quarter. 1620 Investment Advisors Inc. now owns 648 shares of the company's stock worth $101,000 after buying an additional 196 shares in the last quarter. Institutional investors and hedge funds own 99.72% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays dropped their target price 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 for the company in a report on Tuesday, January 14th. StockNews.com lowered shares of Regal Rexnord from a "buy" rating to a "hold" rating in a research note on Monday. Jefferies Financial Group assumed coverage on shares of Regal Rexnord in a research report on Thursday, December 12th. They set a "buy" rating and a $215.00 price target for the company. Finally, Oppenheimer cut their price objective 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. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Regal Rexnord has a consensus rating of "Moderate Buy" and a consensus target price of $195.13.

Regal Rexnord Trading Up 3.5 %

Regal Rexnord stock traded up $4.05 during midday trading on Wednesday, hitting $118.77. 175,372 shares of the stock were exchanged, compared to its average volume of 491,698. Regal Rexnord Co. has a 52 week low of $111.15 and a 52 week high of $185.28. The stock has a market capitalization of $7.87 billion, a PE ratio of 40.16, a P/E/G ratio of 1.37 and a beta of 1.11. The company has a quick ratio of 1.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.87. The company has a fifty day simple moving average of $134.26 and a two-hundred day simple moving average of $155.14.

Regal Rexnord (NYSE:RRX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $2.34 earnings per share (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%. Equities research analysts anticipate that Regal Rexnord Co. will post 9.95 EPS 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. Investors of record on Monday, March 31st will be given a $0.35 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.40 annualized dividend and a yield of 1.18%. Regal Rexnord's dividend payout ratio is currently 47.46%.

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.