Smartleaf Asset Management LLC Acquires 105 Shares of Regal Rexnord Co. (NYSE:RRX)

Smartleaf Asset Management LLC grew its holdings in shares of Regal Rexnord Co. (NYSE:RRX) by 45.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 337 shares of the company’s stock after acquiring an additional 105 shares during the period. Smartleaf Asset Management LLC’s holdings in Regal Rexnord were worth $52,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Tobam bought a new position in shares of Regal Rexnord during the fourth quarter valued at $45,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Regal Rexnord by 30.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 430 shares of the company’s stock valued at $71,000 after acquiring an additional 100 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Regal Rexnord by 28.3% during the fourth quarter. GAMMA Investing LLC now owns 1,079 shares of the company’s stock valued at $167,000 after acquiring an additional 238 shares during the last quarter. OneDigital Investment Advisors LLC bought a new position in shares of Regal Rexnord during the third quarter valued at $209,000. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Regal Rexnord during the fourth quarter valued at $213,000. Institutional investors own 99.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RRX shares. Citigroup dropped their price target 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. The Goldman Sachs Group lifted their target price on shares of Regal Rexnord from $191.00 to $213.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Barclays lowered their target price on shares of Regal Rexnord from $176.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday. 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 target price for the company. Finally, Oppenheimer lowered their target price on shares of Regal Rexnord from $210.00 to $190.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $195.75.

Regal Rexnord Trading Down 4.2 %

RRX opened at $117.45 on Tuesday. Regal Rexnord Co. has a 1-year low of $117.05 and a 1-year high of $185.28. The company has a current ratio of 2.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. The company has a market cap of $7.78 billion, a P/E ratio of 39.81, a price-to-earnings-growth ratio of 1.37 and a beta of 1.11. The company has a fifty day moving average price of $145.90 and a two-hundred day moving average price of $159.42.

Regal Rexnord (NYSE:RRX) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $2.34 earnings per share 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%. Analysts predict that Regal Rexnord Co. will post 9.95 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

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 issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Monday, March 31st. 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.