Hudson Edge Investment Partners Inc. Has $743,000 Stock Position in Regal Rexnord Co. (NYSE:RRX)

Hudson Edge Investment Partners Inc. raised its position in shares of Regal Rexnord Co. (NYSE:RRX) by 50.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,790 shares of the company’s stock after purchasing an additional 1,602 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Regal Rexnord were worth $743,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RRX. Tobam acquired a new stake in shares of Regal Rexnord during the fourth quarter worth $45,000. Nomura Asset Management Co. Ltd. boosted its position in Regal Rexnord by 30.3% during the third 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. 1620 Investment Advisors Inc. grew its holdings in Regal Rexnord by 17.4% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 452 shares of the company’s stock worth $75,000 after acquiring an additional 67 shares during the period. GAMMA Investing LLC raised its position in shares of Regal Rexnord by 28.3% in the 4th quarter. GAMMA Investing LLC now owns 1,079 shares of the company’s stock worth $167,000 after acquiring an additional 238 shares in the last quarter. Finally, Weatherly Asset Management L. P. acquired a new position in shares of Regal Rexnord in the 3rd quarter valued at about $180,000. Institutional investors and hedge funds own 99.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on RRX shares. Citigroup decreased their target price on Regal Rexnord from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Robert W. Baird reduced their price objective on shares of Regal Rexnord from $223.00 to $208.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Jefferies Financial Group started coverage on shares of Regal Rexnord in a research report on Thursday, December 12th. They set a “buy” rating and a $215.00 target price on the stock. StockNews.com cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th. Finally, The Goldman Sachs Group lifted their price target on shares of Regal Rexnord from $191.00 to $213.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Regal Rexnord currently has an average rating of “Moderate Buy” and a consensus target price of $197.75.

Regal Rexnord Stock Performance

RRX opened at $134.50 on Friday. Regal Rexnord Co. has a 1-year low of $130.94 and a 1-year high of $185.28. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 45.59, a PEG ratio of 1.37 and a beta of 1.03. The company’s fifty day moving average price is $152.87 and its two-hundred day moving average price is $161.58. 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 earnings results 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 return on equity of 9.57% and a net margin of 3.25%. On average, analysts expect that Regal Rexnord Co. will post 9.95 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.35 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.04%. Regal Rexnord’s dividend payout ratio is presently 47.46%.

Regal Rexnord 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.