Leeward Investments LLC MA Has $30.86 Million Stock Holdings in Regal Rexnord Co. (NYSE:RRX)

Leeward Investments LLC MA cut its stake in shares of Regal Rexnord Co. (NYSE:RRX) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 198,921 shares of the company’s stock after selling 12,035 shares during the quarter. Regal Rexnord comprises approximately 1.5% of Leeward Investments LLC MA’s portfolio, making the stock its 7th biggest position. Leeward Investments LLC MA’s holdings in Regal Rexnord were worth $30,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of RRX. Point72 Asset Management L.P. bought a new stake in Regal Rexnord in the 3rd quarter worth about $83,460,000. Westfield Capital Management Co. LP increased its holdings in Regal Rexnord by 68.9% in the 3rd quarter. Westfield Capital Management Co. LP now owns 979,521 shares of the company’s stock worth $162,483,000 after buying an additional 399,649 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in Regal Rexnord by 35.7% in the 4th quarter. TimesSquare Capital Management LLC now owns 884,095 shares of the company’s stock worth $137,150,000 after buying an additional 232,509 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Regal Rexnord by 6.9% in 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 worth $213,971,000 after buying an additional 83,823 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in Regal Rexnord by 7.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,151,440 shares of the company’s stock worth $204,254,000 after buying an additional 77,215 shares in the last quarter. 99.72% of the stock is currently owned by institutional investors.

Regal Rexnord Stock Down 1.1 %

RRX stock opened at $134.50 on Friday. Regal Rexnord Co. has a twelve month low of $130.94 and a twelve month high of $185.28. The company has a quick ratio of 1.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.87. The stock has a market cap of $8.91 billion, a P/E ratio of 45.59, a PEG ratio of 1.37 and a beta of 1.03. The business’s 50-day moving average price is $152.87 and its 200-day moving average price is $161.67.

Regal Rexnord (NYSE:RRX) last posted 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 net margin of 3.25% and a return on equity of 9.57%. On average, equities research analysts forecast that Regal Rexnord Co. will post 9.95 EPS for the current year.

Regal Rexnord Dividend Announcement

The business also recently disclosed 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 1.04%. Regal Rexnord’s payout ratio is currently 47.46%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays reduced their price objective on Regal Rexnord from $190.00 to $176.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Jefferies Financial Group started coverage on Regal Rexnord in a research report on Thursday, December 12th. They issued a “buy” rating and a $215.00 target price on the stock. Robert W. Baird dropped their target price on Regal Rexnord from $223.00 to $208.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Oppenheimer dropped their target price on Regal Rexnord from $210.00 to $190.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Finally, The Goldman Sachs Group raised their target price on Regal Rexnord from $191.00 to $213.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Regal Rexnord has an average rating of “Moderate Buy” and an average target price of $197.75.

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.