Regal Rexnord (NYSE:RRX) Reaches New 1-Year Low - Should You Sell?

Regal Rexnord Co. (NYSE:RRX - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $111.15 and last traded at $113.97, with a volume of 58717 shares. The stock had previously closed at $117.68.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup reduced their target price 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. StockNews.com downgraded Regal Rexnord from a "buy" rating to a "hold" rating in a report on Monday. Barclays decreased 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. Oppenheimer dropped their target price on shares of Regal Rexnord from $210.00 to $190.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Finally, Jefferies Financial Group began coverage on shares of Regal Rexnord in a report on Thursday, December 12th. They set a "buy" rating and a $215.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $188.88.

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Regal Rexnord Stock Performance

The business's 50-day moving average price is $133.45 and its 200-day moving average price is $154.90. The stock has a market cap of $6.82 billion, a PE ratio of 34.86, a P/E/G ratio of 1.37 and a beta of 1.11. The company has a current ratio of 2.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87.

Regal Rexnord (NYSE:RRX - Get Free Report) last released its quarterly 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 net margin of 3.25% and a return on equity of 9.57%. As a group, equities research analysts expect that Regal Rexnord Co. will post 9.95 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

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 paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.36%. Regal Rexnord's payout ratio is currently 47.46%.

Institutional Trading of Regal Rexnord

Large investors have recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ boosted its holdings in Regal Rexnord by 472.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 166 shares of the company's stock valued at $25,000 after purchasing an additional 137 shares during the last quarter. Bernard Wealth Management Corp. purchased a new stake in shares of Regal Rexnord during the fourth quarter worth approximately $30,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Regal Rexnord during the fourth quarter worth $33,000. Tobam acquired a new stake in Regal Rexnord in the 4th quarter valued at about $45,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Regal Rexnord by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 322 shares of the company's stock valued at $50,000 after purchasing an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 99.72% of the company's stock.

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.