B. Metzler seel. Sohn & Co. AG Has $5.09 Million Stock Position in Regal Rexnord Co. (NYSE:RRX)

B. Metzler seel. Sohn & Co. AG lessened its stake in shares of Regal Rexnord Co. (NYSE:RRX) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,785 shares of the company’s stock after selling 1,720 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Regal Rexnord were worth $5,086,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cerity Partners LLC raised its holdings in shares of Regal Rexnord by 11.7% during the third quarter. Cerity Partners LLC now owns 2,632 shares of the company’s stock valued at $436,000 after acquiring an additional 276 shares during the period. Townsquare Capital LLC purchased a new position in Regal Rexnord during the 3rd quarter worth approximately $267,000. PEAK6 Investments LLC acquired a new stake in Regal Rexnord during the 3rd quarter valued at $1,557,000. Erste Asset Management GmbH purchased a new stake in shares of Regal Rexnord in the third quarter valued at $6,253,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Regal Rexnord in the third quarter worth $255,000. 99.72% of the stock is owned by hedge funds and other institutional investors.

Regal Rexnord Price Performance

Shares of RRX opened at $113.80 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 2.26. The firm has a market cap of $7.54 billion, a PE ratio of 38.57, a PEG ratio of 1.37 and a beta of 1.11. The firm’s 50 day moving average price is $135.21 and its 200 day moving average price is $155.42. Regal Rexnord Co. has a twelve month low of $111.15 and a twelve month high of $185.28.

Regal Rexnord (NYSE:RRX) last released its quarterly earnings results on Wednesday, February 5th. The company reported $2.34 earnings per share 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, research analysts expect that Regal Rexnord Co. will post 9.95 EPS for the current fiscal year.

Regal Rexnord Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.23%. Regal Rexnord’s dividend payout ratio is currently 47.46%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. The Goldman Sachs Group upped their price target on Regal Rexnord from $191.00 to $213.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. 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. StockNews.com cut shares of Regal Rexnord from a “buy” rating to a “hold” rating in a report on Monday. Oppenheimer dropped their price objective on shares of Regal Rexnord from $210.00 to $190.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Finally, Jefferies Financial Group initiated coverage on shares of Regal Rexnord in a research report on Thursday, December 12th. They issued a “buy” rating and a $215.00 target price for the company. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.13.

About Regal Rexnord

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.