Regal Rexnord Co. (NYSE:RRX) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its stake in shares of Regal Rexnord Co. (NYSE:RRX) by 86.6% in the 4th quarter, HoldingsChannel reports. The firm owned 38,231 shares of the company’s stock after selling 246,619 shares during the period. Segall Bryant & Hamill LLC’s holdings in Regal Rexnord were worth $5,931,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of RRX. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Regal Rexnord by 472.4% in the 4th 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 period. Tobam purchased a new position in Regal Rexnord in the fourth quarter worth approximately $45,000. Jones Financial Companies Lllp grew its holdings in 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 acquiring an additional 153 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Regal Rexnord by 45.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 337 shares of the company’s stock valued at $52,000 after purchasing an additional 105 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of Regal Rexnord by 30.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 430 shares of the company’s stock valued at $71,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 99.72% of the company’s stock.

Regal Rexnord Stock Performance

Shares of Regal Rexnord stock opened at $122.82 on Thursday. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 41.63, a PEG ratio of 1.37 and a beta of 1.11. The firm’s fifty day simple moving average is $137.58 and its 200-day simple moving average is $156.01. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.25. Regal Rexnord Co. has a 12 month low of $113.73 and a 12 month high of $185.28.

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

Regal Rexnord Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.14%. Regal Rexnord’s dividend payout ratio (DPR) is currently 47.46%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Citigroup dropped their target price on Regal Rexnord from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. The Goldman Sachs Group raised their target price on Regal Rexnord from $191.00 to $213.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Oppenheimer lowered their price target on Regal Rexnord from $210.00 to $190.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Barclays cut their price objective on shares of Regal Rexnord from $160.00 to $155.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Jefferies Financial Group initiated coverage on shares of Regal Rexnord in a report on Thursday, December 12th. They issued a “buy” rating and a $215.00 target price for the company. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $195.13.

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.