9,200 Shares in Regal Rexnord Co. (NYSE:RRX) Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in shares of Regal Rexnord Co. (NYSE:RRX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,200 shares of the company's stock, valued at approximately $1,427,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Regal Rexnord by 7.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,111 shares of the company's stock worth $190,000 after acquiring an additional 77 shares in the last quarter. Moors & Cabot Inc. grew its holdings in Regal Rexnord by 4.1% during the 4th quarter. Moors & Cabot Inc. now owns 2,139 shares of the company's stock worth $332,000 after acquiring an additional 85 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in Regal Rexnord by 3.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,382 shares of the company's stock worth $370,000 after acquiring an additional 87 shares in the last quarter. Advisory Research Inc. grew its holdings in Regal Rexnord by 1.5% during the 4th quarter. Advisory Research Inc. now owns 6,710 shares of the company's stock worth $1,041,000 after acquiring an additional 98 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Regal Rexnord by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,061 shares of the company's stock worth $320,000 after acquiring an additional 101 shares in the last quarter. 99.72% of the stock is owned by institutional investors and hedge funds.

Regal Rexnord Stock Performance

NYSE:RRX traded down $1.57 during mid-day trading on Monday, hitting $131.87. The stock had a trading volume of 414,501 shares, compared to its average volume of 575,569. The stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 44.70, a P/E/G ratio of 1.37 and a beta of 1.11. The company has a 50 day simple moving average of $117.49 and a 200-day simple moving average of $138.45. Regal Rexnord Co. has a 52 week low of $90.56 and a 52 week 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 - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.33. Regal Rexnord had a net margin of 3.25% and a return on equity of 9.57%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm earned $2.00 EPS. Regal Rexnord's revenue was down 8.4% on a year-over-year basis. On average, research analysts expect that Regal Rexnord Co. will post 9.95 earnings per share for the current fiscal year.

Regal Rexnord Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.06%. Regal Rexnord's dividend payout ratio (DPR) is 39.89%.

Insiders Place Their Bets

In related news, CEO Louis V. Pinkham sold 10,593 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $140.33, for a total value of $1,486,515.69. Following the sale, the chief executive officer now directly owns 175,954 shares in the company, valued at $24,691,624.82. The trade was a 5.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.82% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Regal Rexnord from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group reduced their price target on shares of Regal Rexnord from $183.00 to $163.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Citigroup raised their price target on shares of Regal Rexnord from $110.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Barclays raised their price target on shares of Regal Rexnord from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Finally, 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 research report on Wednesday, May 7th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $171.25.

About Regal Rexnord

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.