Regal Beloit Corporation (RBC) Cut to “Hold” at ValuEngine

ValuEngine lowered shares of Regal Beloit Corporation (NYSE:RBC) from a buy rating to a hold rating in a research report released on Wednesday morning.

A number of other equities research analysts have also recently issued reports on RBC. Stifel Nicolaus reissued a hold rating and issued a $85.00 target price on shares of Regal Beloit Corporation in a research report on Tuesday, August 22nd. BidaskClub cut shares of Regal Beloit Corporation from a sell rating to a strong sell rating in a research report on Tuesday, August 22nd. Robert W. Baird reissued a buy rating and issued a $88.00 target price on shares of Regal Beloit Corporation in a research report on Wednesday, October 4th. Royal Bank Of Canada reissued a buy rating on shares of Regal Beloit Corporation in a research report on Monday, November 6th. Finally, BMO Capital Markets reduced their target price on shares of Regal Beloit Corporation from $88.00 to $85.00 and set a market perform rating for the company in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $86.14.

Regal Beloit Corporation (RBC) traded up $0.55 during mid-day trading on Wednesday, reaching $75.90. 289,687 shares of the company’s stock were exchanged, compared to its average volume of 258,130. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.22 and a current ratio of 2.22. Regal Beloit Corporation has a 1 year low of $68.00 and a 1 year high of $87.50. The company has a market capitalization of $3,390.00, a PE ratio of 15.83, a price-to-earnings-growth ratio of 1.41 and a beta of 1.50.

Regal Beloit Corporation (NYSE:RBC) last released its quarterly earnings data on Monday, November 6th. The industrial products company reported $1.37 EPS for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.01). Regal Beloit Corporation had a return on equity of 9.76% and a net margin of 6.28%. The company had revenue of $857.00 million for the quarter, compared to the consensus estimate of $837.19 million. During the same period last year, the firm earned $1.31 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. research analysts expect that Regal Beloit Corporation will post 4.87 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, December 28th. Regal Beloit Corporation’s dividend payout ratio (DPR) is presently 22.61%.

A number of hedge funds have recently bought and sold shares of RBC. Principal Financial Group Inc. raised its stake in Regal Beloit Corporation by 133.4% in the third quarter. Principal Financial Group Inc. now owns 444,149 shares of the industrial products company’s stock valued at $35,088,000 after purchasing an additional 253,888 shares in the last quarter. Kennedy Capital Management Inc. raised its stake in Regal Beloit Corporation by 94.7% in the second quarter. Kennedy Capital Management Inc. now owns 364,485 shares of the industrial products company’s stock valued at $29,724,000 after purchasing an additional 177,243 shares in the last quarter. Northern Trust Corp raised its stake in Regal Beloit Corporation by 16.6% in the second quarter. Northern Trust Corp now owns 612,609 shares of the industrial products company’s stock valued at $49,958,000 after purchasing an additional 87,032 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Regal Beloit Corporation by 41.4% in the second quarter. Ameriprise Financial Inc. now owns 254,232 shares of the industrial products company’s stock valued at $20,715,000 after purchasing an additional 74,425 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in Regal Beloit Corporation by 11.4% in the third quarter. Prudential Financial Inc. now owns 630,849 shares of the industrial products company’s stock valued at $49,837,000 after purchasing an additional 64,750 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Regal Beloit Corporation Company Profile

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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Analyst Recommendations for Regal Beloit Corporation (NYSE:RBC)

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