Regal Rexnord (NYSE:RRX) Stock Price Down 4.3% - Time to Sell?

Shares of Regal Rexnord Corporation (NYSE:RRX - Get Free Report) were down 4.3% during trading on Monday . The stock traded as low as $147.35 and last traded at $145.32. Approximately 142,280 shares changed hands during trading, a decline of 76% from the average daily volume of 598,648 shares. The stock had previously closed at $151.89.

Analyst Ratings Changes

Several analysts have commented on RRX shares. Citigroup reissued a "buy" rating and set a $165.00 price target (up from $145.00) on shares of Regal Rexnord in a research report on Tuesday, June 24th. Wall Street Zen raised shares of Regal Rexnord from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Robert W. Baird increased their price objective on shares of Regal Rexnord from $167.00 to $172.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group increased their price objective on shares of Regal Rexnord from $173.00 to $195.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Barclays increased their price objective on shares of Regal Rexnord from $160.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $185.25.

Regal Rexnord Trading Down 3.6%

The company's fifty day moving average is $140.63 and its two-hundred day moving average is $133.64. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.21 and a current ratio of 2.26. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 41.73, a P/E/G ratio of 1.54 and a beta of 1.17.

Regal Rexnord (NYSE:RRX - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.33. Regal Rexnord had a net margin of 3.96% and a return on equity of 9.67%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company earned $2.00 EPS. Regal Rexnord's quarterly revenue was down 8.4% on a year-over-year basis. On average, research analysts anticipate that Regal Rexnord Corporation will post 9.95 EPS for the current year.

Regal Rexnord Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.40 annualized dividend and a yield of 0.96%. Regal Rexnord's dividend payout ratio (DPR) is presently 39.89%.

Insiders Place Their Bets

In related news, CEO Louis V. Pinkham sold 10,593 shares of the 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 transaction, the chief executive officer owned 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 this link. Company insiders own 0.82% of the company's stock.

Institutional Investors Weigh In On Regal Rexnord

A number of hedge funds and other institutional investors have recently made changes to their positions in RRX. Jones Financial Companies Lllp grew its stake 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 worth $50,000 after purchasing an additional 153 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of Regal Rexnord by 335.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 622 shares of the company's stock worth $97,000 after purchasing an additional 479 shares during the period. Atria Investments Inc grew its stake in shares of Regal Rexnord by 48.9% during the 4th quarter. Atria Investments Inc now owns 2,310 shares of the company's stock worth $358,000 after purchasing an additional 759 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Regal Rexnord during the 4th quarter worth approximately $6,069,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Regal Rexnord during the 4th quarter worth approximately $22,325,000. Institutional investors and hedge funds own 99.72% of the company's stock.

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.