Integrated Advisors Network LLC Buys Shares of 2,057 Regal Rexnord Co. (NYSE:RRX)

Integrated Advisors Network LLC bought a new stake in shares of Regal Rexnord Co. (NYSE:RRX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,057 shares of the company's stock, valued at approximately $319,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ grew its position in shares of Regal Rexnord by 472.4% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 166 shares of the company's stock valued at $25,000 after acquiring an additional 137 shares during the period. Bernard Wealth Management Corp. purchased a new stake in Regal Rexnord in the 4th quarter worth $30,000. Aster Capital Management DIFC Ltd purchased a new stake in Regal Rexnord in the 4th quarter worth $33,000. Tobam purchased a new stake in shares of Regal Rexnord during the 4th quarter valued at about $45,000. Finally, Jones Financial Companies Lllp raised its position in shares of Regal Rexnord by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 322 shares of the company's stock valued at $50,000 after buying an additional 153 shares in the last quarter. Institutional investors own 99.72% of the company's stock.

Regal Rexnord Trading Down 2.9%

Shares of Regal Rexnord stock traded down $4.05 on Friday, reaching $133.30. The company had a trading volume of 638,926 shares, compared to its average volume of 575,818. The firm's 50 day moving average price is $117.31 and its two-hundred day moving average price is $139.18. The firm has a market cap of $8.84 billion, a PE ratio of 45.19, a PEG ratio of 1.37 and a beta of 1.11. Regal Rexnord Co. has a 52-week low of $90.56 and a 52-week 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.

Regal Rexnord (NYSE:RRX - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.82 by $0.33. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.38 billion. Regal Rexnord had a net margin of 3.25% and a return on equity of 9.57%. The business's revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.00 EPS. Sell-side analysts predict that Regal Rexnord Co. will post 9.95 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.05%. The ex-dividend date is Monday, June 30th. Regal Rexnord's payout ratio is currently 39.89%.

Analyst Upgrades and Downgrades

RRX has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Regal Rexnord from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Robert W. Baird raised their price target on shares of Regal Rexnord from $167.00 to $172.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. The Goldman Sachs Group decreased their price target on shares of Regal Rexnord from $183.00 to $163.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Oppenheimer reduced their target price on shares of Regal Rexnord from $210.00 to $190.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Finally, Barclays raised their price target on shares of Regal Rexnord from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Regal Rexnord has a consensus rating of "Buy" and an average target price of $171.25.

Insider Buying and Selling

In other Regal Rexnord news, CEO Louis V. Pinkham sold 10,593 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $140.33, for a total transaction of $1,486,515.69. Following the completion of the transaction, the chief executive officer now owns 175,954 shares in the company, valued at approximately $24,691,624.82. This represents a 5.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.82% of the stock is owned by insiders.

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.