Regal Rexnord Co. (NYSE:RRX) Shares Sold by Inceptionr LLC

Inceptionr LLC lowered its position in Regal Rexnord Co. (NYSE:RRX) by 66.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,624 shares of the company’s stock after selling 3,275 shares during the period. Inceptionr LLC’s holdings in Regal Rexnord were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Atria Investments Inc acquired a new stake in shares of Regal Rexnord during the 3rd quarter valued at approximately $257,000. TimesSquare Capital Management LLC lifted its position in shares of Regal Rexnord by 0.8% during the 3rd quarter. TimesSquare Capital Management LLC now owns 651,586 shares of the company’s stock valued at $108,085,000 after acquiring an additional 5,331 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of Regal Rexnord by 18.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,705 shares of the company’s stock valued at $780,000 after acquiring an additional 725 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Regal Rexnord during the 3rd quarter valued at approximately $229,000. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Regal Rexnord by 21.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 1,934 shares of the company’s stock valued at $321,000 after acquiring an additional 338 shares during the period. Institutional investors and hedge funds own 99.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Oppenheimer reduced their price target on shares of Regal Rexnord from $210.00 to $190.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. The Goldman Sachs Group lifted their price target on shares of Regal Rexnord from $191.00 to $213.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Citigroup dropped their price objective on shares of Regal Rexnord from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. StockNews.com cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th. Finally, Jefferies Financial Group assumed coverage on shares of Regal Rexnord in a research note on Thursday, December 12th. They set a “buy” rating and a $215.00 price objective for the company. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.75.

Regal Rexnord Stock Down 0.9 %

RRX stock opened at $122.47 on Monday. The stock has a market capitalization of $8.12 billion, a P/E ratio of 41.52, a PEG ratio of 1.37 and a beta of 1.11. 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 Co. has a one year low of $117.18 and a one year high of $185.28. The company has a 50 day moving average price of $146.62 and a two-hundred day moving average price of $159.72.

Regal Rexnord (NYSE:RRX) last released its 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 return on equity of 9.57% and a net margin of 3.25%. As a group, sell-side analysts expect that Regal Rexnord Co. will post 9.95 EPS for the current year.

Regal Rexnord Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders 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 yield of 1.14%. Regal Rexnord’s 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.