Regal Rexnord Co. (NYSE:RRX) Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG cut its holdings in Regal Rexnord Co. (NYSE:RRX - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 691,897 shares of the company's stock after selling 47,500 shares during the quarter. Regal Rexnord comprises 2.3% of Robeco Schweiz AG's portfolio, making the stock its 10th largest position. Robeco Schweiz AG owned approximately 1.04% of Regal Rexnord worth $107,334,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RRX. Point72 Asset Management L.P. bought a new position in shares of Regal Rexnord in the 3rd quarter worth $83,460,000. Westfield Capital Management Co. LP increased its stake in shares of 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. TimesSquare Capital Management LLC raised its position in shares of Regal Rexnord by 35.7% in the 4th quarter. TimesSquare Capital Management LLC now owns 884,095 shares of the company's stock valued at $137,150,000 after acquiring an additional 232,509 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Regal Rexnord by 6.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,289,917 shares of the company's stock worth $213,971,000 after acquiring an additional 83,823 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Regal Rexnord by 7.2% during the third quarter. Franklin Resources Inc. now owns 1,151,440 shares of the company's stock valued at $204,254,000 after purchasing an additional 77,215 shares during the period. Institutional investors and hedge funds own 99.72% of the company's stock.

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Regal Rexnord Stock Down 0.4 %

Regal Rexnord stock traded down $0.49 during midday trading on Friday, reaching $129.45. The stock had a trading volume of 739,768 shares, compared to its average volume of 614,109. Regal Rexnord Co. has a 1-year low of $127.67 and a 1-year 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. The firm's fifty day simple moving average is $150.13 and its 200-day simple moving average is $160.94. The stock has a market capitalization of $8.58 billion, a P/E ratio of 43.88, a price-to-earnings-growth ratio of 1.37 and a beta of 1.03.

Regal Rexnord (NYSE:RRX - Get Free Report) last announced its quarterly earnings data 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%. As a group, analysts expect that Regal Rexnord Co. will post 9.95 EPS for the current fiscal year.

Regal Rexnord Announces Dividend

The firm 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 is Monday, March 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.08%. Regal Rexnord's dividend payout ratio is 47.46%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Jefferies Financial Group started coverage on shares of Regal Rexnord in a report on Thursday, December 12th. They issued a "buy" rating and a $215.00 target price on the stock. Robert W. Baird dropped their price objective on Regal Rexnord from $223.00 to $208.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Oppenheimer decreased their target price on Regal Rexnord from $210.00 to $190.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. StockNews.com lowered Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group boosted their price objective on Regal Rexnord from $191.00 to $213.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $197.75.

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.