Stifel Nicolaus reiterated their hold rating on shares of Regal Beloit Corporation (NYSE:RBC) in a research note released on Tuesday. Stifel Nicolaus currently has a $85.00 price objective on the industrial products company’s stock.

Several other research analysts have also weighed in on RBC. Oppenheimer Holdings, Inc. raised Regal Beloit Corporation from a market perform rating to an outperform rating and set a $90.00 price objective for the company in a research report on Friday, May 5th. CIBC raised Regal Beloit Corporation from a market perform rating to an outperform rating in a research report on Friday, May 5th. Zacks Investment Research lowered Regal Beloit Corporation from a buy rating to a hold rating in a research report on Monday, May 29th. ValuEngine raised Regal Beloit Corporation from a hold rating to a buy rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered Regal Beloit Corporation from a buy rating to a hold rating in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $83.00.

Regal Beloit Corporation (NYSE:RBC) opened at 73.20 on Tuesday. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 16.16 and a beta of 1.52. Regal Beloit Corporation has a 52-week low of $56.45 and a 52-week high of $87.50. The company has a 50 day moving average price of $81.86 and a 200-day moving average price of $78.62.

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

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The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Thursday, September 28th. Regal Beloit Corporation’s payout ratio is 22.96%.

In other Regal Beloit Corporation news, Director Henry W. Knueppel sold 20,000 shares of Regal Beloit Corporation stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $85.00, for a total transaction of $1,700,000.00. Following the completion of the transaction, the director now owns 3,726 shares in the company, valued at approximately $316,710. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Henry W. Knueppel sold 10,000 shares of Regal Beloit Corporation stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $82.00, for a total value of $820,000.00. Following the transaction, the director now owns 3,726 shares of the company’s stock, valued at approximately $305,532. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Ronald Blue & Co. LLC increased its position in Regal Beloit Corporation by 0.3% in the second quarter. Ronald Blue & Co. LLC now owns 4,566 shares of the industrial products company’s stock worth $372,000 after buying an additional 14 shares during the period. Teacher Retirement System of Texas increased its position in Regal Beloit Corporation by 1.1% in the second quarter. Teacher Retirement System of Texas now owns 3,570 shares of the industrial products company’s stock worth $291,000 after buying an additional 39 shares during the period. Synovus Financial Corp increased its position in Regal Beloit Corporation by 4.4% in the second quarter. Synovus Financial Corp now owns 2,607 shares of the industrial products company’s stock worth $209,000 after buying an additional 110 shares during the period. Envestnet Asset Management Inc. increased its position in Regal Beloit Corporation by 5.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,514 shares of the industrial products company’s stock worth $191,000 after buying an additional 134 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Regal Beloit Corporation by 1.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,704 shares of the industrial products company’s stock worth $710,000 after buying an additional 139 shares during the period. Institutional investors and hedge funds own 93.32% of the company’s stock.

Regal Beloit Corporation 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.

Analyst Recommendations for Regal Beloit Corporation (NYSE:RBC)

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