Cerity Partners LLC Sells 486 Shares of Regal Rexnord Co. (NYSE:RRX)

Cerity Partners LLC decreased its holdings in Regal Rexnord Co. (NYSE:RRX) by 18.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,146 shares of the company’s stock after selling 486 shares during the period. Cerity Partners LLC’s holdings in Regal Rexnord were worth $353,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Regal Rexnord by 7.4% in 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 stake in Regal Rexnord by 4.1% in the fourth quarter. Moors & Cabot Inc. now owns 2,139 shares of the company’s stock valued at $332,000 after purchasing an additional 85 shares during the last quarter. CIBC Asset Management Inc grew its stake in Regal Rexnord by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,061 shares of the company’s stock valued at $320,000 after purchasing an additional 101 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Regal Rexnord by 45.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 337 shares of the company’s stock worth $52,000 after purchasing an additional 105 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in shares of Regal Rexnord by 472.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 166 shares of the company’s stock valued at $25,000 after buying an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 99.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. KeyCorp reduced their price objective on shares of Regal Rexnord from $180.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Barclays decreased their price objective on Regal Rexnord from $160.00 to $155.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. The Goldman Sachs Group dropped their target price on Regal Rexnord from $183.00 to $163.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Citigroup decreased their price target on Regal Rexnord from $170.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, Oppenheimer dropped their price target on Regal Rexnord from $210.00 to $190.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Regal Rexnord presently has an average rating of “Moderate Buy” and a consensus target price of $170.75.

Regal Rexnord Trading Up 4.1 %

Shares of NYSE:RRX opened at $101.29 on Wednesday. The business has a 50-day moving average price of $116.59 and a 200-day moving average price of $147.53. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 1.37 and a beta of 1.09. Regal Rexnord Co. has a 52-week low of $90.56 and a 52-week high of $185.28. The company has a quick ratio of 1.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.87.

Regal Rexnord (NYSE:RRX) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $2.34 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%. Equities analysts predict that Regal Rexnord Co. will post 9.95 EPS for the current year.

Regal Rexnord Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were issued a $0.35 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.38%. Regal Rexnord’s dividend payout ratio (DPR) is presently 47.46%.

Regal Rexnord Company 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.