Edmond DE Rothschild Holding S.A. Has $209,000 Stock Position in Regal Rexnord Co. (NYSE:RRX)

Edmond DE Rothschild Holding S.A. lessened its position in Regal Rexnord Co. (NYSE:RRX) by 7.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,345 shares of the company’s stock after selling 111 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Regal Rexnord were worth $209,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of RRX. Victory Capital Management Inc. grew its position in Regal Rexnord by 20.1% in the 4th quarter. Victory Capital Management Inc. now owns 2,176,963 shares of the company’s stock valued at $337,712,000 after purchasing an additional 363,728 shares during the period. State Street Corp lifted its stake in shares of Regal Rexnord by 1.3% in the third quarter. State Street Corp now owns 1,972,866 shares of the company’s stock valued at $327,944,000 after buying an additional 24,860 shares in the last quarter. Norges Bank acquired a new position in shares of Regal Rexnord during the fourth quarter valued at about $235,188,000. Franklin Resources Inc. increased its position in shares of Regal Rexnord by 7.2% during the third quarter. Franklin Resources Inc. now owns 1,151,440 shares of the company’s stock worth $204,254,000 after acquiring an additional 77,215 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Regal Rexnord by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,104,090 shares of the company’s stock worth $183,195,000 after acquiring an additional 9,338 shares during the last quarter. Institutional investors own 99.72% of the company’s stock.

Regal Rexnord Price Performance

RRX opened at $121.80 on Thursday. Regal Rexnord Co. has a fifty-two week low of $111.15 and a fifty-two week high of $185.28. The firm has a 50-day moving average of $133.45 and a 200 day moving average of $154.90. 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 $8.07 billion, a P/E ratio of 41.29, a PEG ratio of 1.37 and a beta of 1.11.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.22). Regal Rexnord had a return on equity of 9.57% and a net margin of 3.25%. On average, research analysts expect that Regal Rexnord Co. will post 9.95 EPS for the current year.

Regal Rexnord Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.35 per share. The ex-dividend date is Monday, March 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.15%. Regal Rexnord’s dividend payout ratio is presently 47.46%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RRX. Jefferies Financial Group assumed coverage on Regal Rexnord in a report on Thursday, December 12th. They set a “buy” rating and a $215.00 price objective for the company. The Goldman Sachs Group decreased their price target on Regal Rexnord from $183.00 to $163.00 and set a “buy” rating for the company in a report on Wednesday. Citigroup dropped their price objective on Regal Rexnord from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Barclays cut their price objective on shares of Regal Rexnord from $160.00 to $155.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Finally, StockNews.com downgraded shares of Regal Rexnord from a “buy” rating to a “hold” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $188.88.

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.