Steph & Co. Has $631,000 Stake in Regal Rexnord Co. (NYSE:RRX)

Steph & Co. reduced its stake in Regal Rexnord Co. (NYSE:RRX) by 20.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,266 shares of the company’s stock after selling 1,094 shares during the period. Steph & Co.’s holdings in Regal Rexnord were worth $631,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in RRX. Global Retirement Partners LLC grew its holdings in shares of Regal Rexnord by 18.5% during the 3rd quarter. Global Retirement Partners LLC now owns 493 shares of the company’s stock worth $68,000 after purchasing an additional 77 shares in the last quarter. MML Investors Services LLC increased its holdings in Regal Rexnord by 2.2% in the 2nd quarter. MML Investors Services LLC now owns 3,577 shares of the company’s stock valued at $551,000 after buying an additional 77 shares during the period. Janiczek Wealth Management LLC boosted its position in shares of Regal Rexnord by 45.4% during the 3rd quarter. Janiczek Wealth Management LLC now owns 282 shares of the company’s stock worth $40,000 after acquiring an additional 88 shares in the last quarter. Toroso Investments LLC increased its stake in Regal Rexnord by 6.5% in the third quarter. Toroso Investments LLC now owns 1,463 shares of the company’s stock valued at $209,000 after acquiring an additional 89 shares during the last quarter. Finally, Snowden Capital Advisors LLC lifted its stake in Regal Rexnord by 2.4% during the first quarter. Snowden Capital Advisors LLC now owns 3,766 shares of the company’s stock worth $530,000 after purchasing an additional 89 shares during the last quarter. Institutional investors and hedge funds own 99.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on RRX. Barclays lifted their target price on Regal Rexnord from $200.00 to $203.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Oppenheimer boosted their price objective on Regal Rexnord from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. Finally, KeyCorp boosted their price target on Regal Rexnord from $180.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $197.00.

Insiders Place Their Bets

In related news, EVP Thomas E. Valentyn sold 647 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $169.70, for a total transaction of $109,795.90. Following the transaction, the executive vice president now directly owns 28,412 shares of the company’s stock, valued at $4,821,516.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Thomas E. Valentyn sold 647 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $169.70, for a total value of $109,795.90. Following the transaction, the executive vice president now directly owns 28,412 shares in the company, valued at approximately $4,821,516.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thomas E. Valentyn sold 1,931 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $166.09, for a total transaction of $320,719.79. Following the completion of the transaction, the executive vice president now directly owns 27,180 shares in the company, valued at $4,514,326.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,570 shares of company stock worth $892,301. Corporate insiders own 0.82% of the company’s stock.

Regal Rexnord Stock Performance

Shares of NYSE RRX traded down $3.45 during trading on Wednesday, reaching $159.53. The company had a trading volume of 353,363 shares, compared to its average volume of 457,152. The company’s fifty day moving average price is $167.85 and its 200-day moving average price is $143.36. Regal Rexnord Co. has a 12 month low of $97.18 and a 12 month high of $183.85. The company has a current ratio of 2.55, a quick ratio of 1.59 and a debt-to-equity ratio of 1.00.

Regal Rexnord (NYSE:RRX) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.02. Regal Rexnord had a negative net margin of 0.92% and a positive return on equity of 9.58%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the firm posted $2.64 EPS. The company’s quarterly revenue was up 29.2% on a year-over-year basis. As a group, sell-side analysts predict that Regal Rexnord Co. will post 10.05 earnings per share for the current year.

Regal Rexnord Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.40 annualized dividend and a dividend yield of 0.88%. Regal Rexnord’s payout ratio is -160.92%.

Regal Rexnord Profile

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.