Shares of Regal Beloit Corp. (NYSE:RBC) have earned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the company. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $62.60.

Several research firms recently issued reports on RBC. TheStreet raised Regal Beloit Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, August 18th. Credit Suisse Group AG reissued a “buy” rating and set a $63.00 price target on shares of Regal Beloit Corp. in a research report on Tuesday, August 9th. BMO Capital Markets reissued a “hold” rating on shares of Regal Beloit Corp. in a research report on Tuesday, November 8th. KeyCorp reissued a “hold” rating on shares of Regal Beloit Corp. in a research report on Monday, October 10th. Finally, Zacks Investment Research raised Regal Beloit Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 19th.

A number of large investors have recently modified their holdings of the company. Citadel Advisors LLC raised its stake in shares of Regal Beloit Corp. by 1,420.2% in the third quarter. Citadel Advisors LLC now owns 65,808 shares of the company’s stock valued at $3,915,000 after buying an additional 61,479 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Regal Beloit Corp. by 6.0% in the third quarter. Principal Financial Group Inc. now owns 178,446 shares of the company’s stock valued at $10,616,000 after buying an additional 10,067 shares in the last quarter. Northern Trust Corp raised its stake in shares of Regal Beloit Corp. by 4.1% in the third quarter. Northern Trust Corp now owns 532,844 shares of the company’s stock valued at $31,699,000 after buying an additional 20,939 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Regal Beloit Corp. by 0.8% in the third quarter. California State Teachers Retirement System now owns 97,640 shares of the company’s stock valued at $5,809,000 after buying an additional 800 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Regal Beloit Corp. by 1.3% in the third quarter. Ameriprise Financial Inc. now owns 159,596 shares of the company’s stock valued at $9,495,000 after buying an additional 2,092 shares in the last quarter. 95.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Regal Beloit Corp. (NYSE:RBC) opened at 68.45 on Thursday. The firm’s 50 day moving average is $59.94 and its 200 day moving average is $59.50. Regal Beloit Corp. has a 12 month low of $47.77 and a 12 month high of $68.60. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 21.60 and a beta of 1.53.

Regal Beloit Corp. (NYSE:RBC) last announced its earnings results on Monday, November 7th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.06. Regal Beloit Corp. had a return on equity of 10.01% and a net margin of 4.27%. The company had revenue of $809.60 million for the quarter, compared to analyst estimates of $826.04 million. During the same period in the prior year, the company posted $1.43 EPS. Regal Beloit Corp.’s quarterly revenue was down 8.2% on a year-over-year basis. On average, equities analysts predict that Regal Beloit Corp. will post $4.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, December 28th. Regal Beloit Corp.’s dividend payout ratio is presently 31.17%.

Regal Beloit Corp. Company Profile

Regal Beloit Corporation is a manufacturer of electric motors and controls, electric generators and controls, and power transmission products. The Company operates through three segments: Commercial and Industrial Systems, Climate Solutions and Power Transmission Solutions. Its Commercial and Industrial Systems segment produces medium and large motors, commercial and industrial equipment, generator and custom drives and systems serving commercial heating, ventilation and air conditioning (HVAC), and power and oil and gas systems.

5 Day Chart for NYSE:RBC

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