3,889 Shares in Regal Rexnord Co. (NYSE:RRX) Bought by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC acquired a new position in Regal Rexnord Co. (NYSE:RRX) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,889 shares of the company’s stock, valued at approximately $700,000.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Regal Rexnord by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 6,788,594 shares of the company’s stock worth $1,004,848,000 after purchasing an additional 24,847 shares in the last quarter. Capital World Investors boosted its holdings in Regal Rexnord by 4.7% during the first quarter. Capital World Investors now owns 6,599,752 shares of the company’s stock valued at $1,188,615,000 after acquiring an additional 296,941 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Regal Rexnord by 4.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,532,578 shares of the company’s stock valued at $522,892,000 after acquiring an additional 135,154 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Regal Rexnord by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,397,492 shares of the company’s stock valued at $206,862,000 after acquiring an additional 30,688 shares during the period. Finally, Norges Bank bought a new stake in Regal Rexnord during the fourth quarter valued at about $180,918,000. 99.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Regal Rexnord Trading Up 2.5 %

RRX traded up $3.98 during trading on Wednesday, reaching $162.44. 443,424 shares of the company’s stock were exchanged, compared to its average volume of 450,771. The company’s fifty day moving average price is $144.06 and its 200-day moving average price is $154.95. 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 Co. has a fifty-two week low of $97.18 and a fifty-two week high of $183.85. The firm has a market capitalization of $10.81 billion, a PE ratio of -330.13, a P/E/G ratio of 1.60 and a beta of 1.06.

Regal Rexnord (NYSE:RRX) last released its earnings results on Monday, May 6th. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.02. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Regal Rexnord had a negative net margin of 0.48% and a positive return on equity of 9.42%. The business’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.22 EPS. As a group, equities analysts forecast that Regal Rexnord Co. will post 9.73 EPS for the current year.

Regal Rexnord Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a $0.35 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.40 annualized dividend and a yield of 0.86%. Regal Rexnord’s dividend payout ratio is currently -291.67%.

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.