Dean Capital Management purchased a new position in Regal Beloit Corp (NYSE:RBC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,250 shares of the industrial products company’s stock, valued at approximately $3,313,000. Regal Beloit accounts for 1.6% of Dean Capital Management’s holdings, making the stock its 22nd biggest position. Dean Capital Management owned approximately 0.10% of Regal Beloit at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of RBC. Verition Fund Management LLC purchased a new position in Regal Beloit during the 4th quarter worth $304,000. Millennium Management LLC increased its holdings in Regal Beloit by 20.4% during the 4th quarter. Millennium Management LLC now owns 332,729 shares of the industrial products company’s stock worth $25,487,000 after purchasing an additional 56,475 shares during the period. Meadow Creek Investment Management LLC increased its holdings in Regal Beloit by 33.6% during the 4th quarter. Meadow Creek Investment Management LLC now owns 36,036 shares of the industrial products company’s stock worth $2,761,000 after purchasing an additional 9,072 shares during the period. Tyers Asset Management LLC increased its holdings in Regal Beloit by 33.6% during the 4th quarter. Tyers Asset Management LLC now owns 20,592 shares of the industrial products company’s stock worth $1,577,000 after purchasing an additional 5,184 shares during the period. Finally, Raymond James & Associates increased its holdings in Regal Beloit by 8.6% during the 4th quarter. Raymond James & Associates now owns 19,384 shares of the industrial products company’s stock worth $1,485,000 after purchasing an additional 1,541 shares during the period. Hedge funds and other institutional investors own 96.70% of the company’s stock.
Shares of Regal Beloit Corp (NYSE RBC) opened at $74.45 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $3,300.00, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. Regal Beloit Corp has a 52-week low of $67.84 and a 52-week high of $87.50.
Regal Beloit (NYSE:RBC) last announced its earnings results on Monday, February 5th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.01. The business had revenue of $820.70 million for the quarter, compared to analysts’ expectations of $794.65 million. Regal Beloit had a return on equity of 9.64% and a net margin of 6.34%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 EPS. equities research analysts forecast that Regal Beloit Corp will post 5.58 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.04 annualized dividend and a yield of 1.40%. Regal Beloit’s dividend payout ratio (DPR) is presently 22.03%.
RBC has been the topic of several research reports. ValuEngine upgraded Regal Beloit from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Zacks Investment Research upgraded Regal Beloit from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Tuesday, January 2nd. Seaport Global Securities upgraded Regal Beloit from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $82.00 to $88.00 in a report on Wednesday, February 7th. Royal Bank of Canada restated a “buy” rating and set a $90.00 price objective on shares of Regal Beloit in a report on Tuesday, November 28th. Finally, Barrington Research restated an “outperform” rating and set a $87.00 price objective on shares of Regal Beloit in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $86.08.
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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