Vontobel Holding Ltd. Buys 29,018 Shares of Regal Rexnord Co. (NYSE:RRX)

Vontobel Holding Ltd. grew its stake in Regal Rexnord Co. (NYSE:RRX - Free Report) by 6.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 489,506 shares of the company's stock after buying an additional 29,018 shares during the period. Vontobel Holding Ltd. owned approximately 0.74% of Regal Rexnord worth $72,457,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. BOKF NA lifted its position in shares of Regal Rexnord by 0.4% during the 2nd quarter. BOKF NA now owns 17,734 shares of the company's stock worth $2,729,000 after purchasing an additional 76 shares during the last quarter. Global Retirement Partners LLC increased its stake in Regal Rexnord by 18.5% during the third quarter. Global Retirement Partners LLC now owns 493 shares of the company's stock valued at $68,000 after acquiring an additional 77 shares during the period. MML Investors Services LLC increased its stake in Regal Rexnord by 2.2% during the second quarter. MML Investors Services LLC now owns 3,577 shares of the company's stock valued at $551,000 after acquiring an additional 77 shares during the period. Janiczek Wealth Management LLC increased its stake in Regal Rexnord by 45.4% during the third quarter. Janiczek Wealth Management LLC now owns 282 shares of the company's stock valued at $40,000 after acquiring an additional 88 shares during the period. Finally, Toroso Investments LLC increased its stake in Regal Rexnord by 6.5% during the third quarter. Toroso Investments LLC now owns 1,463 shares of the company's stock valued at $209,000 after acquiring an additional 89 shares during the period. Institutional investors and hedge funds own 99.72% of the company's stock.

Regal Rexnord Price Performance

Shares of RRX stock traded down $3.54 during trading hours on Friday, hitting $163.09. The company had a trading volume of 362,592 shares, compared to its average volume of 414,875. The firm has a market capitalization of $10.83 billion, a price-to-earnings ratio of -187.46, a PEG ratio of 1.62 and a beta of 1.14. Regal Rexnord Co. has a 12 month low of $97.18 and a 12 month high of $183.85. The firm's fifty day moving average is $167.32 and its 200 day moving average is $143.24. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.59 and a current ratio of 2.55.

Regal Rexnord (NYSE:RRX - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported $2.28 EPS for the quarter, topping analysts' consensus estimates of $2.26 by $0.02. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.63 billion. Regal Rexnord had a positive return on equity of 9.58% and a negative net margin of 0.92%. Regal Rexnord's revenue for the quarter was up 29.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.64 EPS. On average, sell-side analysts predict that Regal Rexnord Co. will post 10.05 EPS for the current fiscal year.

Regal Rexnord Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Wednesday, March 27th. Regal Rexnord's dividend payout ratio is -160.92%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RRX. Barclays boosted their price target on Regal Rexnord from $200.00 to $203.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. KeyCorp boosted their price target on Regal Rexnord from $180.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday, March 25th. Finally, Oppenheimer boosted their price target on Regal Rexnord from $185.00 to $210.00 and gave the company an "outperform" rating in a research note on Wednesday, March 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $197.00.

Insiders Place Their Bets

In other Regal Rexnord news, EVP Thomas E. Valentyn sold 1,931 shares of the company's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $166.09, for a total transaction of $320,719.79. Following the transaction, the executive vice president now owns 27,180 shares of the company's stock, valued at approximately $4,514,326.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Thomas E. Valentyn sold 1,931 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $166.09, for a total value of $320,719.79. Following the transaction, the executive vice president now owns 27,180 shares of the company's stock, valued at approximately $4,514,326.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jerrald R. Morton sold 2,992 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $154.34, for a total value of $461,785.28. Following the completion of the transaction, the executive vice president now directly owns 15,884 shares in the company, valued at approximately $2,451,536.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,570 shares of company stock valued at $892,301. 0.82% of the stock is currently owned by corporate insiders.

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.