Bokf Na Has $4.50 Million Stock Holdings in Regal Rexnord Co. (NYSE:RRX)

Bokf Na raised its stake in shares of Regal Rexnord Co. (NYSE:RRX) by 1.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,568 shares of the company’s stock after purchasing an additional 332 shares during the period. Bokf Na’s holdings in Regal Rexnord were worth $4,500,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Rise Advisors LLC acquired a new stake in shares of Regal Rexnord in the first quarter worth $33,000. GAMMA Investing LLC acquired a new stake in shares of Regal Rexnord in the fourth quarter worth $58,000. EntryPoint Capital LLC acquired a new stake in shares of Regal Rexnord in the first quarter worth $68,000. ICA Group Wealth Management LLC acquired a new stake in shares of Regal Rexnord in the fourth quarter worth $70,000. Finally, Riverview Trust Co acquired a new stake in shares of Regal Rexnord in the first quarter worth $75,000. Institutional investors and hedge funds own 99.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. KeyCorp lowered their price objective on shares of Regal Rexnord from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday, July 15th. Barclays lowered their price objective on shares of Regal Rexnord from $199.00 to $181.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 4th. Robert W. Baird lifted their price target on shares of Regal Rexnord from $205.00 to $208.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. StockNews.com downgraded shares of Regal Rexnord from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. Finally, Raymond James initiated coverage on shares of Regal Rexnord in a research note on Friday, June 28th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $188.00.

Regal Rexnord Price Performance

Shares of NYSE RRX traded up $0.19 during midday trading on Monday, reaching $155.68. 9,468 shares of the company traded hands, compared to its average volume of 445,907. The firm has a market cap of $10.36 billion, a PE ratio of -323.94, a PEG ratio of 1.60 and a beta of 1.06. The stock’s 50-day simple moving average is $144.13 and its 200-day simple moving average is $154.69. Regal Rexnord Co. has a 12 month low of $97.18 and a 12 month high of $183.85. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.56 and a current ratio of 2.62.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings data on Monday, May 6th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.02. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Regal Rexnord had a positive return on equity of 9.42% and a negative net margin of 0.48%. The business’s revenue was up 26.4% on a year-over-year basis. During the same period last year, the business earned $2.22 earnings per share. As a group, equities analysts anticipate that Regal Rexnord Co. will post 9.73 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, September 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.90%. Regal Rexnord’s payout ratio is presently -291.67%.

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.