Regal Beloit Corporation (NYSE:RBC) has been given a consensus recommendation of “Hold” by the thirteen analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $86.14.
A number of brokerages recently weighed in on RBC. Zacks Investment Research lowered shares of Regal Beloit from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BMO Capital Markets decreased their price objective on shares of Regal Beloit from $88.00 to $85.00 and set a “market perform” rating for the company in a report on Tuesday, November 7th. BidaskClub lowered shares of Regal Beloit from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Morgan Stanley boosted their target price on shares of Regal Beloit from $82.00 to $87.00 and gave the company an “equal weight” rating in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $85.00 target price on shares of Regal Beloit in a research note on Tuesday, August 22nd.
Shares of Regal Beloit (NYSE RBC) traded down $0.30 during midday trading on Monday, reaching $75.80. 66,200 shares of the company were exchanged, compared to its average volume of 248,741. Regal Beloit has a 52 week low of $68.30 and a 52 week high of $87.50. The stock has a market cap of $3,358.24, a price-to-earnings ratio of 15.89, a P/E/G ratio of 1.41 and a beta of 1.50. 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 (NYSE:RBC) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Regal Beloit had a return on equity of 11.15% and a net margin of 7.42%. The firm had revenue of $857.00 million during the quarter, compared to analysts’ expectations of $837.19 million. During the same quarter in the previous year, the firm earned $1.31 earnings per share. Regal Beloit’s revenue was up 5.9% on a year-over-year basis. equities research analysts predict that Regal Beloit will post 4.88 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.04 dividend on an annualized basis and a yield of 1.37%. Regal Beloit’s dividend payout ratio is presently 22.61%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Regal Beloit by 1.2% in the 2nd quarter. BlackRock Inc. now owns 4,089,676 shares of the industrial products company’s stock worth $333,515,000 after purchasing an additional 47,514 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Regal Beloit by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 4,046,576 shares of the industrial products company’s stock worth $329,998,000 after buying an additional 54,435 shares during the period. JPMorgan Chase & Co. boosted its holdings in Regal Beloit by 2.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,700,222 shares of the industrial products company’s stock worth $138,652,000 after buying an additional 43,968 shares during the period. State Street Corp boosted its holdings in Regal Beloit by 2.2% in the 2nd quarter. State Street Corp now owns 1,163,293 shares of the industrial products company’s stock worth $94,869,000 after buying an additional 24,844 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in Regal Beloit by 1.8% in the 2nd quarter. Voya Investment Management LLC now owns 655,475 shares of the industrial products company’s stock worth $53,455,000 after buying an additional 11,400 shares during the period. Institutional investors and hedge funds own 92.75% of the company’s stock.
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Regal Beloit 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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