Nkcfo LLC Has $1.51 Million Holdings in Regal Rexnord Corporation $RRX

Nkcfo LLC boosted its stake in Regal Rexnord Corporation (NYSE:RRX) by 90.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,500 shares of the company’s stock after purchasing an additional 5,000 shares during the period. Nkcfo LLC’s holdings in Regal Rexnord were worth $1,506,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of RRX. Geneos Wealth Management Inc. increased its stake in shares of Regal Rexnord by 135.1% in the first quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $25,000 after buying an additional 127 shares during the period. Allworth Financial LP increased its position in Regal Rexnord by 85.7% during the 2nd quarter. Allworth Financial LP now owns 195 shares of the company’s stock valued at $28,000 after purchasing an additional 90 shares during the period. Root Financial Partners LLC acquired a new stake in Regal Rexnord during the 3rd quarter valued at approximately $28,000. SJS Investment Consulting Inc. lifted its position in shares of Regal Rexnord by 95.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 199 shares of the company’s stock worth $29,000 after purchasing an additional 97 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of Regal Rexnord by 216.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 272 shares of the company’s stock valued at $39,000 after purchasing an additional 186 shares during the last quarter. 99.72% of the stock is owned by institutional investors.

Insider Buying and Selling at Regal Rexnord

In related news, EVP Cheryl Lewis sold 2,262 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $215.73, for a total value of $487,981.26. Following the sale, the executive vice president owned 13,219 shares in the company, valued at $2,851,734.87. This represents a 14.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robert Rehard sold 7,704 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $216.72, for a total transaction of $1,669,610.88. Following the completion of the transaction, the chief financial officer directly owned 34,154 shares in the company, valued at approximately $7,401,854.88. The trade was a 18.41% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 51,194 shares of company stock worth $10,883,211. Corporate insiders own 0.82% of the company’s stock.

Regal Rexnord Price Performance

RRX stock opened at $218.02 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.15 and a quick ratio of 1.10. The company’s 50-day moving average is $169.10 and its 200-day moving average is $152.53. The stock has a market capitalization of $14.47 billion, a PE ratio of 51.91, a price-to-earnings-growth ratio of 2.00 and a beta of 1.13. Regal Rexnord Corporation has a 1 year low of $90.56 and a 1 year high of $229.30.

Regal Rexnord (NYSE:RRX) last posted its quarterly earnings results on Thursday, February 5th. The company reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.04. Regal Rexnord had a return on equity of 9.60% and a net margin of 4.71%.The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business earned $2.34 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts expect that Regal Rexnord Corporation will post 9.95 EPS for the current fiscal year.

Regal Rexnord Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, March 31st. Regal Rexnord’s payout ratio is 33.33%.

Analyst Ratings Changes

A number of brokerages recently weighed in on RRX. Weiss Ratings reissued a “hold (c)” rating on shares of Regal Rexnord in a research note on Thursday, January 22nd. Barclays increased their price target on Regal Rexnord from $165.00 to $237.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Robert W. Baird set a $253.00 price objective on Regal Rexnord in a research note on Friday, February 6th. Zacks Research raised Regal Rexnord from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Finally, The Goldman Sachs Group lifted their target price on Regal Rexnord from $170.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $227.50.

Regal Rexnord Company Profile

Regal Rexnord Corporation (NYSE: RRX) is a global industrial manufacturer specializing in electric motors, power generation equipment and automated motion control systems. The company designs, engineers and produces a broad portfolio of products that includes energy-efficient electric motors, variable frequency drives, gearboxes, couplings, bearings and power transmission components. These offerings support critical applications in industries such as heating, ventilation and air conditioning (HVAC), refrigeration, data centers, water treatment, food and beverage processing, mining, oil and gas, and material handling.

The company’s operations are organized into multiple business segments that address distinct customer needs.