Uncommon Cents Investing LLC Has $691,000 Stake in Regal Rexnord Co. (NYSE:RRX)

Uncommon Cents Investing LLC trimmed its position in shares of Regal Rexnord Co. (NYSE:RRX) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,670 shares of the company’s stock after selling 330 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Regal Rexnord were worth $691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in RRX. Cary Street Partners Investment Advisory LLC lifted its holdings in Regal Rexnord by 652.2% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings in Regal Rexnord by 139.1% in the 1st quarter. Belpointe Asset Management LLC now owns 208 shares of the company’s stock worth $29,000 after purchasing an additional 121 shares during the last quarter. Janiczek Wealth Management LLC lifted its holdings in Regal Rexnord by 45.4% in the 3rd quarter. Janiczek Wealth Management LLC now owns 282 shares of the company’s stock worth $40,000 after purchasing an additional 88 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Regal Rexnord in the 1st quarter worth approximately $42,000. Finally, ICA Group Wealth Management LLC bought a new position in Regal Rexnord in the 4th quarter worth approximately $57,000. 99.72% of the stock is currently owned by institutional investors and hedge funds.

Regal Rexnord Price Performance

RRX traded up $1.76 during trading on Thursday, hitting $180.10. The company’s stock had a trading volume of 614,932 shares, compared to its average volume of 470,165. The stock has a market capitalization of $11.96 billion, a price-to-earnings ratio of -207.01, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. Regal Rexnord Co. has a 12 month low of $97.18 and a 12 month high of $183.85. The company has a quick ratio of 1.59, a current ratio of 2.55 and a debt-to-equity ratio of 1.00. The firm’s 50 day moving average price is $159.01 and its two-hundred day moving average price is $141.37.

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

Regal Rexnord Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.40 annualized dividend and a dividend yield of 0.78%. Regal Rexnord’s dividend payout ratio is currently -160.92%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RRX shares. Oppenheimer lifted their price target on Regal Rexnord from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. Wolfe Research raised Regal Rexnord from a “peer perform” rating to an “outperform” rating and set a $151.00 price target on the stock in a research report on Monday, December 11th. Finally, KeyCorp boosted their price objective on Regal Rexnord from $180.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.50.

Insider Transactions at Regal Rexnord

In other news, EVP Thomas E. Valentyn sold 1,931 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was 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 of the company’s stock, valued at $4,514,326.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Regal Rexnord news, EVP Thomas E. Valentyn sold 647 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 28,412 shares in the company, valued at $4,821,516.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas E. Valentyn sold 1,931 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $166.09, for a total value of $320,719.79. Following the completion of the sale, the executive vice president now owns 27,180 shares in the company, valued at approximately $4,514,326.20. The disclosure for this sale can be found here. Insiders sold 5,570 shares of company stock valued at $892,301 over the last three months. Company insiders own 0.82% of the company’s stock.

Regal Rexnord Company 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.