Profit Investment Management LLC Raises Holdings in Regal Beloit Corporation (RBC)

Profit Investment Management LLC grew its holdings in shares of Regal Beloit Corporation (NYSE:RBC) by 64.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,104 shares of the industrial products company’s stock after purchasing an additional 8,234 shares during the period. Profit Investment Management LLC’s holdings in Regal Beloit Corporation were worth $1,667,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Prudential Financial Inc. raised its holdings in shares of Regal Beloit Corporation by 1.8% during the second quarter. Prudential Financial Inc. now owns 566,099 shares of the industrial products company’s stock worth $46,165,000 after purchasing an additional 10,131 shares during the period. Seizert Capital Partners LLC raised its holdings in shares of Regal Beloit Corporation by 32.3% during the second quarter. Seizert Capital Partners LLC now owns 68,556 shares of the industrial products company’s stock worth $5,591,000 after purchasing an additional 16,718 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Regal Beloit Corporation by 2.7% during the first quarter. Goldman Sachs Group Inc. now owns 476,010 shares of the industrial products company’s stock worth $36,010,000 after purchasing an additional 12,329 shares during the period. Macquarie Group Ltd. raised its holdings in shares of Regal Beloit Corporation by 0.6% during the first quarter. Macquarie Group Ltd. now owns 387,018 shares of the industrial products company’s stock worth $29,278,000 after purchasing an additional 2,216 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of Regal Beloit Corporation by 326.3% during the second quarter. Russell Investments Group Ltd. now owns 36,238 shares of the industrial products company’s stock worth $2,959,000 after purchasing an additional 27,737 shares during the period. 92.13% of the stock is currently owned by institutional investors.

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A number of brokerages have weighed in on RBC. Robert W. Baird reissued a “buy” rating and set a $88.00 target price on shares of Regal Beloit Corporation in a report on Wednesday, October 4th. Morgan Stanley increased their price objective on shares of Regal Beloit Corporation from $82.00 to $87.00 and gave the stock an “equal weight” rating in a report on Monday, October 2nd. BidaskClub cut shares of Regal Beloit Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Regal Beloit Corporation in a report on Tuesday, August 22nd. Finally, Zacks Investment Research cut shares of Regal Beloit Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $86.33.

Regal Beloit Corporation (NYSE:RBC) traded up 0.82% during trading on Friday, hitting $79.90. 135,054 shares of the stock traded hands. Regal Beloit Corporation has a 52 week low of $56.45 and a 52 week high of $87.50. The firm’s 50-day moving average is $78.17 and its 200 day moving average is $79.44. The stock has a market cap of $3.56 billion, a P/E ratio of 17.64 and a beta of 1.53.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.04 annualized dividend and a yield of 1.30%. Regal Beloit Corporat

Other large investors have also modified their holdings of the company. Prudential Financial Inc. raised its holdings in shares of Regal Beloit Corporation by 1.8% during the second quarter. Prudential Financial Inc. now owns 566,099 shares of the industrial products company’s stock worth $46,165,000 after purchasing an additional 10,131 shares during the period. Seizert Capital Partners LLC raised its holdings in shares of Regal Beloit Corporation by 32.3% during the second quarter. Seizert Capital Partners LLC now owns 68,556 shares of the industrial products company’s stock worth $5,591,000 after purchasing an additional 16,718 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Regal Beloit Corporation by 2.7% during the first quarter. Goldman Sachs Group Inc. now owns 476,010 shares of the industrial products company’s stock worth $36,010,000 after purchasing an additional 12,329 shares during the period. Macquarie Group Ltd. raised its holdings in shares of Regal Beloit Corporation by 0.6% during the first quarter. Macquarie Group Ltd. now owns 387,018 shares of the industrial products company’s stock worth $29,278,000 after purchasing an additional 2,216 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of Regal Beloit Corporation by 326.3% during the second quarter. Russell Investments Group Ltd. now owns 36,238 shares of the industrial products company’s stock worth $2,959,000 after purchasing an additional 27,737 shares during the period. 92.13% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://ledgergazette.com/2017/10/20/profit-investment-management-llc-raises-holdings-in-regal-beloit-corporation-rbc.html.

A number of brokerages have weighed in on RBC. Robert W. Baird reissued a “buy” rating and set a $88.00 target price on shares of Regal Beloit Corporation in a report on Wednesday, October 4th. Morgan Stanley increased their price objective on shares of Regal Beloit Corporation from $82.00 to $87.00 and gave the stock an “equal weight” rating in a report on Monday, October 2nd. BidaskClub cut shares of Regal Beloit Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Regal Beloit Corporation in a report on Tuesday, August 22nd. Finally, Zacks Investment Research cut shares of Regal Beloit Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $86.33.

Regal Beloit Corporation (NYSE:RBC) traded up 0.82% during trading on Friday, hitting $79.90. 135,054 shares of the stock traded hands. Regal Beloit Corporation has a 52 week low of $56.45 and a 52 week high of $87.50. The firm’s 50-day moving average is $78.17 and its 200 day moving average is $79.44. The stock has a market cap of $3.56 billion, a P/E ratio of 17.64 and a beta of 1.53.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.04 annualized dividend and a yield of 1.30%. Regal Beloit Corporation’s dividend payout ratio is currently 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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