Regal Beloit Corporation (RBC) Holdings Boosted by Lingohr & Partner Asset Management GmbH

Lingohr & Partner Asset Management GmbH boosted its holdings in Regal Beloit Corporation (NYSE:RBC) by 51.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,847 shares of the industrial products company’s stock after buying an additional 6,780 shares during the quarter. Regal Beloit Corporation accounts for approximately 0.9% of Lingohr & Partner Asset Management GmbH’s holdings, making the stock its 24th biggest position. Lingohr & Partner Asset Management GmbH’s holdings in Regal Beloit Corporation were worth $1,501,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its position in Regal Beloit Corporation by 5.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,514 shares of the industrial products company’s stock worth $191,000 after buying an additional 134 shares during the last quarter. World Asset Management Inc purchased a new position in Regal Beloit Corporation in the 1st quarter worth about $207,000. Synovus Financial Corp raised its position in Regal Beloit Corporation by 4.4% in the 2nd quarter. Synovus Financial Corp now owns 2,607 shares of the industrial products company’s stock worth $209,000 after buying an additional 110 shares during the last quarter. Elkfork Partners LLC raised its position in Regal Beloit Corporation by 47.7% in the 1st quarter. Elkfork Partners LLC now owns 2,860 shares of the industrial products company’s stock worth $216,000 after buying an additional 924 shares during the last quarter. Finally, Airain ltd purchased a new position in Regal Beloit Corporation in the 2nd quarter worth about $224,000. 92.17% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have weighed in on RBC. BidaskClub lowered Regal Beloit Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Stifel Nicolaus reissued a “hold” rating and issued a $85.00 target price on shares of Regal Beloit Corporation in a research report on Wednesday, July 19th. Jefferies Group LLC reissued a “hold” rating and issued a $80.00 target price on shares of Regal Beloit Corporation in a research report on Friday, July 14th. Wolfe Research began coverage on Regal Beloit Corporation in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. Finally, Zacks Investment Research lowered Regal Beloit Corporation from a “buy” rating to a “hold” rating in a research report on Monday, June 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Regal Beloit Corporation currently has a consensus rating of “Hold” and an average price target of $83.00.

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In other Regal Beloit Corporation news, Director Henry W. Knueppel sold 20,000 shares of the stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $85.00, for a total value of $1,700,000.00. Following the completion of the sale, the director now directly owns 3,726 shares in the company, valued at $316,710. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.20% of the company’s stock.

Regal Beloit Corporation (NYSE RBC) traded down 0.77% during midday trading on Friday, hitting $77.05. The company’s stock had a trading volume of 452,980 shares. Regal Beloit Corporation has a one year low of $56.45 and a one year high of $87.50. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 17.01 and a beta of 1.52. The company’s 50-day moving average is $77.80 and its 200 day moving average is $78.66.

Regal Beloit Corporation (NYSE:RBC) last released its quarterly earnings results on Monday, August 7th. The industrial products company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Regal Beloit Corporation had a return on equity of 9.88% and a net margin of 6.29%. The company had revenue of $869.20 million during the quarter, compared to analysts’ expectations of $854.66 million. During the same period last year, the business posted $1.14 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. On average, analysts predict that Regal Beloit Corporation will post $4.86 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, September 28th. Regal Beloit Corporation’s dividend payout ratio (DPR) is presently 22.96%.

About Regal Beloit Corporation

Regal Beloit Corporation is a manufacturer of electric motors, electrical motion controls, power generation and power transmission products. The Company operates through three segments: the Commercial and Industrial Systems segment, with its principal line of business in medium and large electric motors, power generation products, high-performance drives and controls and capacitors; the Climate Solutions segment, with its principal line of business in small motors, controls and air moving products, and the Power Transmission Solutions segment, with its principal line of business in power transmission gearing, hydraulic pump drives, open gearing and specialty mechanical products which control motion and torque.

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Institutional Ownership by Quarter for Regal Beloit Corporation (NYSE:RBC)

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