Regal Rexnord (NYSE:RRX) CFO Sells $215,864.00 in Stock

Regal Rexnord Corporation (NYSE:RRX) CFO Robert Rehard sold 968 shares of Regal Rexnord stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $223.00, for a total value of $215,864.00. Following the completion of the transaction, the chief financial officer owned 34,447 shares of the company’s stock, valued at $7,681,681. The trade was a 2.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Robert Rehard also recently made the following trade(s):

• On Tuesday, February 24th, Robert Rehard sold 1,289 shares of Regal Rexnord stock. The stock was sold at an average price of $223.13, for a total transaction of $287,614.57.
• On Monday, February 9th, Robert Rehard sold 7,704 shares of Regal Rexnord stock. The shares were sold at an average price of $216.72, for a total transaction of $1,669,610.88.

Regal Rexnord Trading Up 0.0%

NYSE RRX opened at $220.86 on Friday. The company has a quick ratio of 1.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average of $175.47 and a two-hundred day moving average of $154.72. The stock has a market capitalization of $14.69 billion, a PE ratio of 52.59, a price-to-earnings-growth ratio of 2.05 and a beta of 1.13. Regal Rexnord Corporation has a 52 week low of $90.56 and a 52 week high of $229.30.

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

Regal Rexnord Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently commented on RRX. KeyCorp lifted their target price on shares of Regal Rexnord from $200.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. The Goldman Sachs Group lifted their price objective on shares of Regal Rexnord from $170.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Zacks Research raised shares of Regal Rexnord from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. Jefferies Financial Group lowered Regal Rexnord from a “buy” rating to a “hold” rating and lowered their price target for the stock from $170.00 to $160.00 in a report on Wednesday, December 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Regal Rexnord in a research note on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $227.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc raised its position in Regal Rexnord by 34.0% in the fourth quarter. IFP Advisors Inc now owns 193 shares of the company’s stock worth $27,000 after acquiring an additional 49 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Regal Rexnord by 6.5% during the 4th quarter. Parallel Advisors LLC now owns 888 shares of the company’s stock worth $125,000 after purchasing an additional 54 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in shares of Regal Rexnord by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 14,855 shares of the company’s stock worth $2,084,000 after purchasing an additional 60 shares during the period. UMB Bank n.a. increased its holdings in shares of Regal Rexnord by 6.2% in the 4th quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $144,000 after purchasing an additional 60 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Regal Rexnord by 35.9% in the third quarter. Allworth Financial LP now owns 265 shares of the company’s stock valued at $38,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 99.72% of the company’s stock.

About Regal Rexnord

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.