Fox Run Management L.L.C. Boosts Stock Position in Regal Rexnord Corporation $RRX

Fox Run Management L.L.C. increased its position in shares of Regal Rexnord Corporation (NYSE:RRX) by 37.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,954 shares of the company’s stock after acquiring an additional 2,443 shares during the period. Fox Run Management L.L.C.’s holdings in Regal Rexnord were worth $1,298,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RRX. Louisiana State Employees Retirement System boosted its stake in shares of Regal Rexnord by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the company’s stock valued at $2,711,000 after purchasing an additional 100 shares during the period. Cetera Investment Advisers lifted its holdings in Regal Rexnord by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 2,920 shares of the company’s stock worth $332,000 after buying an additional 102 shares in the last quarter. Greenleaf Trust boosted its position in Regal Rexnord by 2.1% in the 1st quarter. Greenleaf Trust now owns 5,187 shares of the company’s stock valued at $591,000 after buying an additional 105 shares during the period. Xponance Inc. boosted its position in Regal Rexnord by 1.5% in the 1st quarter. Xponance Inc. now owns 7,866 shares of the company’s stock valued at $896,000 after buying an additional 120 shares during the period. Finally, Intech Investment Management LLC grew its stake in shares of Regal Rexnord by 0.5% in the first quarter. Intech Investment Management LLC now owns 25,490 shares of the company’s stock worth $2,902,000 after acquiring an additional 120 shares in the last quarter. 99.72% of the stock is owned by institutional investors and hedge funds.

Regal Rexnord Stock Performance

Shares of Regal Rexnord stock opened at $136.04 on Friday. The company has a quick ratio of 0.93, a current ratio of 2.00 and a debt-to-equity ratio of 0.72. Regal Rexnord Corporation has a 52 week low of $90.56 and a 52 week high of $182.70. The firm’s 50 day moving average is $143.26 and its two-hundred day moving average is $141.77. The firm has a market capitalization of $9.03 billion, a P/E ratio of 35.15, a P/E/G ratio of 1.52 and a beta of 1.19.

Regal Rexnord (NYSE:RRX) last issued its earnings results on Friday, September 8th. The company reported $2.76 earnings per share (EPS) for the quarter. The business had revenue of $1.85 billion during the quarter. Regal Rexnord had a net margin of 4.38% and a return on equity of 9.75%. Research analysts forecast that Regal Rexnord Corporation will post 9.95 EPS for the current fiscal year.

Regal Rexnord Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.0%. Regal Rexnord’s dividend payout ratio (DPR) is presently 36.18%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RRX shares. Barclays reiterated an “overweight” rating and issued a $165.00 target price on shares of Regal Rexnord in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Regal Rexnord in a research note on Wednesday, October 8th. Zacks Research downgraded Regal Rexnord from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. KeyCorp reduced their target price on shares of Regal Rexnord from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, October 14th. Finally, Robert W. Baird set a $212.00 price target on shares of Regal Rexnord in a research note on Friday, October 31st. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Regal Rexnord currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.63.

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.