Vontobel Holding Ltd. Sells 5,260 Shares of Regal Rexnord Co. (NYSE:RRX)

Vontobel Holding Ltd. reduced its stake in Regal Rexnord Co. (NYSE:RRX - Free Report) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,302 shares of the company's stock after selling 5,260 shares during the quarter. Vontobel Holding Ltd. owned about 0.45% of Regal Rexnord worth $46,586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RRX. Creative Planning increased its stake in Regal Rexnord by 28.5% in the second quarter. Creative Planning now owns 2,805 shares of the company's stock valued at $379,000 after purchasing an additional 622 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Regal Rexnord during the second quarter worth about $263,000. Ritholtz Wealth Management acquired a new stake in Regal Rexnord during the third quarter worth about $271,000. Hengehold Capital Management LLC increased its stake in Regal Rexnord by 1.5% during the third quarter. Hengehold Capital Management LLC now owns 4,315 shares of the company's stock worth $716,000 after acquiring an additional 65 shares during the last quarter. Finally, Bleakley Financial Group LLC acquired a new stake in Regal Rexnord during the third quarter worth about $219,000. 99.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RRX shares. 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 report on Friday, February 7th. Citigroup lowered their target price on Regal Rexnord from $210.00 to $190.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Barclays lowered their target price on Regal Rexnord from $190.00 to $176.00 and set an "overweight" rating on the stock in a research report on Friday. The Goldman Sachs Group lifted their price target on Regal Rexnord from $191.00 to $213.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Finally, StockNews.com cut Regal Rexnord from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $197.75.

Regal Rexnord Stock Down 0.4 %

Shares of RRX stock traded down $0.53 on Tuesday, reaching $136.64. 557,324 shares of the company's stock traded hands, compared to its average volume of 594,440. The business's 50 day moving average price is $155.58 and its two-hundred day moving average price is $162.13. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.26. Regal Rexnord Co. has a 12-month low of $130.94 and a 12-month high of $185.28. The company has a market capitalization of $9.05 billion, a P/E ratio of 46.32, a price-to-earnings-growth ratio of 1.38 and a beta of 1.03.

Regal Rexnord (NYSE:RRX - Get Free Report) last issued its 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%. On average, equities analysts forecast that Regal Rexnord Co. will post 10.32 earnings per share for the current year.

Regal Rexnord Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.02%. Regal Rexnord's dividend payout ratio is currently 47.46%.

Regal Rexnord 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.