B. Metzler seel. Sohn & Co. Holding AG Invests $5.72 Million in Regal Rexnord Co. (NYSE:RRX)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Regal Rexnord Co. (NYSE:RRX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 34,505 shares of the company’s stock, valued at approximately $5,724,000.

A number of other large investors have also bought and sold shares of the business. Pathstone Holdings LLC boosted its stake in Regal Rexnord by 9.9% in the third quarter. Pathstone Holdings LLC now owns 24,983 shares of the company’s stock worth $4,144,000 after purchasing an additional 2,253 shares in the last quarter. Natixis Advisors LLC lifted its position in Regal Rexnord by 15.3% during the 3rd quarter. Natixis Advisors LLC now owns 86,933 shares of the company’s stock worth $14,420,000 after buying an additional 11,568 shares in the last quarter. CIBC Asset Management Inc lifted its position in Regal Rexnord by 3.2% during the 3rd quarter. CIBC Asset Management Inc now owns 1,960 shares of the company’s stock worth $325,000 after buying an additional 61 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in Regal Rexnord during the 3rd quarter worth about $209,000. Finally, KBC Group NV increased its position in Regal Rexnord by 12.3% in the 3rd quarter. KBC Group NV now owns 1,795 shares of the company’s stock valued at $298,000 after acquiring an additional 197 shares in the last quarter. 99.72% of the stock is currently owned by institutional investors.

Regal Rexnord Price Performance

NYSE RRX opened at $172.02 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.45. Regal Rexnord Co. has a 52-week low of $113.79 and a 52-week high of $185.28. The business has a 50 day simple moving average of $168.21 and a 200 day simple moving average of $156.88. The stock has a market cap of $11.39 billion, a price-to-earnings ratio of 54.26, a PEG ratio of 1.83 and a beta of 1.04.

Regal Rexnord (NYSE:RRX) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.01. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.53 billion. Regal Rexnord had a net margin of 3.41% and a return on equity of 9.48%. The firm’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.10 earnings per share. Analysts anticipate that Regal Rexnord Co. will post 9.25 earnings per share for the current fiscal year.

Regal Rexnord Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.40 annualized dividend and a dividend yield of 0.81%. Regal Rexnord’s dividend payout ratio is currently 44.16%.

Analyst Ratings Changes

RRX has been the topic of several recent research reports. Barclays raised their price target on Regal Rexnord from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Citigroup began coverage on Regal Rexnord in a research note on Monday, October 14th. They set a “buy” rating and a $200.00 price objective for the company. Robert W. Baird dropped their price objective on Regal Rexnord from $223.00 to $208.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Loop Capital restated a “buy” rating and set a $200.00 target price on shares of Regal Rexnord in a research report on Thursday, September 19th. Finally, The Goldman Sachs Group increased their price target on shares of Regal Rexnord from $176.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Regal Rexnord has a consensus rating of “Moderate Buy” and a consensus price target of $193.00.

Insider Buying and Selling

In other Regal Rexnord news, CEO Louis V. Pinkham sold 8,774 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $180.03, for a total transaction of $1,579,583.22. Following the completion of the transaction, the chief executive officer now owns 149,618 shares of the company’s stock, valued at $26,935,728.54. This represents a 5.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.82% of the stock is owned by corporate insiders.

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.