Regal Beloit Corporation (RBC) Holdings Lifted by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its holdings in shares of Regal Beloit Corporation (NYSE:RBC) by 46.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,505 shares of the industrial products company’s stock after buying an additional 16,300 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.12% of Regal Beloit worth $4,033,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in RBC. Principal Financial Group Inc. boosted its stake in Regal Beloit by 133.4% during the 3rd quarter. Principal Financial Group Inc. now owns 444,149 shares of the industrial products company’s stock valued at $35,088,000 after acquiring an additional 253,888 shares during the last quarter. Kennedy Capital Management Inc. boosted its stake in Regal Beloit by 94.7% during the 2nd quarter. Kennedy Capital Management Inc. now owns 364,485 shares of the industrial products company’s stock valued at $29,724,000 after acquiring an additional 177,243 shares during the last quarter. Northern Trust Corp boosted its stake in Regal Beloit by 16.6% during the 2nd quarter. Northern Trust Corp now owns 612,609 shares of the industrial products company’s stock valued at $49,958,000 after acquiring an additional 87,032 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Regal Beloit by 41.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 254,232 shares of the industrial products company’s stock valued at $20,715,000 after acquiring an additional 74,425 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in Regal Beloit by 11.4% during the 3rd quarter. Prudential Financial Inc. now owns 630,849 shares of the industrial products company’s stock valued at $49,837,000 after acquiring an additional 64,750 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Shares of Regal Beloit Corporation (NYSE RBC) traded down $0.05 on Wednesday, reaching $75.35. 226,521 shares of the company were exchanged, compared to its average volume of 249,357. The company has a market cap of $3,418.05, a price-to-earnings ratio of 16.17, a PEG ratio of 1.44 and a beta of 1.48. The company has a quick ratio of 1.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.48. Regal Beloit Corporation has a 12-month low of $68.30 and a 12-month high of $87.50.

Regal Beloit (NYSE:RBC) last posted its quarterly earnings data on Monday, November 6th. The industrial products company reported $1.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.01). Regal Beloit had a net margin of 6.28% and a return on equity of 9.76%. The business had revenue of $857.00 million for the quarter, compared to the consensus estimate of $837.19 million. During the same quarter last year, the business posted $1.31 EPS. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. research analysts anticipate that Regal Beloit Corporation will post 4.88 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.38%. Regal Beloit’s dividend payout ratio (DPR) is 22.61%.

A number of research firms have commented on RBC. Royal Bank Of Canada reiterated a “buy” rating on shares of Regal Beloit in a research note on Monday, November 6th. Zacks Investment Research cut shares of Regal Beloit from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Robert W. Baird reissued a “buy” rating and set a $88.00 target price on shares of Regal Beloit in a report on Wednesday, October 4th. Morgan Stanley increased their target price on shares of Regal Beloit from $82.00 to $87.00 and gave the stock an “equal weight” rating in a report on Monday, October 2nd. Finally, BidaskClub cut shares of Regal Beloit from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $86.63.

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Regal Beloit 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.

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

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