Robeco Schweiz AG Sells 47,500 Shares of Regal Rexnord Co. (NYSE:RRX)

Robeco Schweiz AG reduced its position in shares of Regal Rexnord Co. (NYSE:RRX) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 691,897 shares of the company’s stock after selling 47,500 shares during the quarter. Regal Rexnord accounts for 2.3% of Robeco Schweiz AG’s investment portfolio, making the stock its 10th biggest holding. Robeco Schweiz AG owned about 1.04% of Regal Rexnord worth $107,334,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Tobam acquired a new position in Regal Rexnord during the 4th quarter worth $45,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Regal Rexnord by 30.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 430 shares of the company’s stock worth $71,000 after buying an additional 100 shares in the last quarter. 1620 Investment Advisors Inc. increased its holdings in shares of Regal Rexnord by 17.4% during the third quarter. 1620 Investment Advisors Inc. now owns 452 shares of the company’s stock worth $75,000 after buying an additional 67 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Regal Rexnord by 28.3% in the fourth quarter. GAMMA Investing LLC now owns 1,079 shares of the company’s stock valued at $167,000 after purchasing an additional 238 shares in the last quarter. Finally, Weatherly Asset Management L. P. acquired a new stake in shares of Regal Rexnord in the third quarter valued at approximately $180,000. 99.72% of the stock is owned by institutional investors and hedge funds.

Regal Rexnord Price Performance

Shares of NYSE:RRX opened at $134.25 on Thursday. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 45.51, a PEG ratio of 1.37 and a beta of 1.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.25. The firm has a 50 day simple moving average of $151.63 and a 200 day simple moving average of $161.46. Regal Rexnord Co. has a one year low of $128.95 and a one year high of $185.28.

Regal Rexnord (NYSE:RRX) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.22). Regal Rexnord had a net margin of 3.25% and a return on equity of 9.57%. Research analysts predict that Regal Rexnord Co. will post 9.95 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Monday, March 31st. Regal Rexnord’s dividend payout ratio (DPR) is presently 47.46%.

Analyst Upgrades and Downgrades

A number of analysts have commented on RRX shares. Oppenheimer lowered 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. Barclays reduced their price target on shares of Regal Rexnord from $190.00 to $176.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Citigroup reduced their price target on shares of Regal Rexnord from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. StockNews.com cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th. Finally, Jefferies Financial Group began coverage on shares of Regal Rexnord in a research report on Thursday, December 12th. They set a “buy” rating and a $215.00 price target on the stock. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Regal Rexnord currently has an average rating of “Moderate Buy” and an average price target of $197.75.

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.