Airain ltd purchased a new stake in Regal Beloit Corporation (NYSE:RBC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,749 shares of the industrial products company’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Regal Beloit Corporation by 12,739.2% during the first quarter. BlackRock Inc. now owns 4,042,162 shares of the industrial products company’s stock valued at $305,789,000 after purchasing an additional 4,010,679 shares during the period. Vanguard Group Inc. raised its stake in shares of Regal Beloit Corporation by 6.8% during the first quarter. Vanguard Group Inc. now owns 3,992,141 shares of the industrial products company’s stock valued at $302,006,000 after purchasing an additional 253,058 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Regal Beloit Corporation by 10.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,519,036 shares of the industrial products company’s stock valued at $190,565,000 after purchasing an additional 233,454 shares during the period. Alliancebernstein L.P. raised its stake in shares of Regal Beloit Corporation by 19.1% during the first quarter. Alliancebernstein L.P. now owns 1,438,609 shares of the industrial products company’s stock valued at $108,831,000 after purchasing an additional 231,211 shares during the period. Finally, State Street Corp raised its stake in shares of Regal Beloit Corporation by 3.7% during the first quarter. State Street Corp now owns 1,138,449 shares of the industrial products company’s stock valued at $86,125,000 after purchasing an additional 40,232 shares during the period. Hedge funds and other institutional investors own 92.17% of the company’s stock.

A number of analysts have recently issued reports on RBC shares. CIBC upgraded shares of Regal Beloit Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, May 15th. Credit Suisse Group reiterated a “buy” rating and set a $88.00 price objective on shares of Regal Beloit Corporation in a research note on Thursday, June 29th. Wolfe Research started coverage on shares of Regal Beloit Corporation in a research note on Tuesday, July 11th. They set a “market perform” rating on the stock. ValuEngine upgraded shares of Regal Beloit Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub lowered shares of Regal Beloit Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $83.00.

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Shares of Regal Beloit Corporation (RBC) opened at 75.55 on Monday. The firm has a market cap of $3.37 billion, a P/E ratio of 16.68 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 stock’s 50 day moving average is $78.89 and its 200-day moving average is $78.60.

Regal Beloit Corporation (NYSE:RBC) last posted its earnings results 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 in the previous year, the company earned $1.14 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts anticipate that Regal Beloit Corporation will post $4.86 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.26 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.04 annualized dividend and a yield of 1.38%. Regal Beloit Corporation’s dividend payout ratio (DPR) is currently 22.96%.

In other news, Director Henry W. Knueppel sold 20,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 3,726 shares in the company, valued at $316,710. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.20% of the stock is owned by insiders.

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

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