Charles Schwab Investment Management Inc. Buys 378 Shares of Regal Rexnord Co. (NYSE:RRX)

Charles Schwab Investment Management Inc. grew its holdings in Regal Rexnord Co. (NYSE:RRX) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 432,152 shares of the company’s stock after purchasing an additional 378 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.65% of Regal Rexnord worth $67,040,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RRX. Tobam bought a new position in shares of Regal Rexnord during the 4th quarter worth approximately $45,000. Jones Financial Companies Lllp boosted its holdings in shares of Regal Rexnord by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 322 shares of the company’s stock valued at $50,000 after acquiring an additional 153 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Regal Rexnord by 45.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 337 shares of the company’s stock valued at $52,000 after acquiring an additional 105 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Regal Rexnord by 30.3% in the 3rd 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. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Regal Rexnord by 335.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 622 shares of the company’s stock worth $97,000 after buying an additional 479 shares in the last quarter. Institutional investors own 99.72% of the company’s stock.

Analyst Ratings Changes

RRX has been the subject of a number of research analyst reports. Barclays reduced their price objective on shares of Regal Rexnord from $176.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday. The Goldman Sachs Group upped their price objective on shares of Regal Rexnord from $191.00 to $213.00 and gave the company a “buy” rating in a report on Thursday, December 12th. 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. StockNews.com lowered shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th. Finally, Citigroup lowered 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. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.75.

Regal Rexnord Stock Up 1.2 %

RRX stock opened at $118.70 on Wednesday. The company’s 50 day moving average is $145.17 and its two-hundred day moving average is $159.07. The stock has a market cap of $7.87 billion, a P/E ratio of 40.24, a PEG ratio of 1.37 and a beta of 1.11. Regal Rexnord Co. has a twelve month low of $113.73 and a twelve month 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.

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

Regal Rexnord Dividend Announcement

The company also recently declared 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. This represents a $1.40 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Monday, March 31st. Regal Rexnord’s dividend payout ratio (DPR) is presently 47.46%.

Regal Rexnord Company 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.