Thompson Investment Management Inc. Sells 454 Shares of Regal Rexnord Co. (NYSE:RRX)

Thompson Investment Management Inc. trimmed its position in Regal Rexnord Co. (NYSE:RRX) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,483 shares of the company’s stock after selling 454 shares during the period. Thompson Investment Management Inc.’s holdings in Regal Rexnord were worth $3,798,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of RRX. Point72 Asset Management L.P. purchased a new stake in shares of Regal Rexnord during the 3rd quarter valued at $83,460,000. Westfield Capital Management Co. LP raised its position in shares of Regal Rexnord by 68.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 979,521 shares of the company’s stock valued at $162,483,000 after buying an additional 399,649 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Regal Rexnord by 6.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,289,917 shares of the company’s stock valued at $213,971,000 after buying an additional 83,823 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Regal Rexnord by 7.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,151,440 shares of the company’s stock valued at $204,254,000 after buying an additional 77,215 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its position in shares of Regal Rexnord by 17.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 305,562 shares of the company’s stock valued at $50,687,000 after buying an additional 44,683 shares in the last quarter. 99.72% of the stock is owned by institutional investors.

Regal Rexnord Trading Down 2.8 %

Shares of RRX opened at $138.93 on Friday. The firm’s 50-day moving average price is $159.79 and its 200-day moving average price is $162.80. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 47.09, a PEG ratio of 1.38 and a beta of 1.03. The company has a current ratio of 2.26, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. Regal Rexnord Co. has a 1-year low of $130.94 and a 1-year high of $185.28.

Regal Rexnord (NYSE:RRX) last announced its quarterly earnings data 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 return on equity of 9.57% and a net margin of 3.25%. Sell-side analysts anticipate that Regal Rexnord Co. will post 10.32 EPS for the current year.

Regal Rexnord Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, 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 1.01%. The ex-dividend date of this dividend is Monday, March 31st. Regal Rexnord’s payout ratio is 47.46%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Citigroup lowered their price objective on shares of Regal Rexnord from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. The Goldman Sachs Group lifted their target price on shares of Regal Rexnord from $191.00 to $213.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. StockNews.com cut shares of Regal Rexnord from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th. Robert W. Baird decreased their target price on shares of Regal Rexnord from $223.00 to $208.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Oppenheimer decreased 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 report on Friday. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $199.50.

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.