Regal Beloit Corporation (NYSE:RBC) had its target price raised by Morgan Stanley from $82.00 to $87.00 in a report released on Monday morning. They currently have an equal weight rating on the industrial products company’s stock.

Other research analysts have also issued research reports about the stock. Jefferies Group LLC restated a hold rating and set a $80.00 price target on shares of Regal Beloit Corporation in a report on Friday, July 14th. Zacks Investment Research lowered shares of Regal Beloit Corporation from a buy rating to a hold rating in a report on Thursday, August 10th. BidaskClub lowered shares of Regal Beloit Corporation from a hold rating to a sell rating in a report on Saturday, August 12th. Wolfe Research began coverage on shares of Regal Beloit Corporation in a report on Tuesday, July 11th. They set a market perform rating for the company. Finally, Credit Suisse Group AG restated a buy rating and set a $88.00 price target on shares of Regal Beloit Corporation in a report on Thursday, June 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Regal Beloit Corporation presently has an average rating of Hold and a consensus price target of $86.33.

Regal Beloit Corporation (NYSE:RBC) opened at 79.65 on Monday. Regal Beloit Corporation has a one year low of $56.45 and a one year high of $87.50. The firm has a market cap of $3.55 billion, a PE ratio of 17.58 and a beta of 1.53. The company’s 50-day moving average is $76.93 and its 200-day moving average is $79.08.

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

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, September 28th. Regal Beloit Corporation’s dividend payout ratio (DPR) is 22.96%.

In other news, Director Henry W. Knueppel sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $85.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the director now owns 3,726 shares of the company’s stock, valued at approximately $316,710. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Regal Beloit Corporation by 1.2% during the 2nd quarter. BlackRock Inc. now owns 4,089,676 shares of the industrial products company’s stock worth $333,515,000 after buying an additional 47,514 shares during the period. Vanguard Group Inc. grew its position in shares of Regal Beloit Corporation by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,046,576 shares of the industrial products company’s stock worth $329,998,000 after buying an additional 54,435 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Regal Beloit Corporation by 10.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,519,036 shares of the industrial products company’s stock worth $190,565,000 after buying an additional 233,454 shares during the period. JPMorgan Chase & Co. grew its position in shares of Regal Beloit Corporation by 2.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,700,222 shares of the industrial products company’s stock worth $138,652,000 after buying an additional 43,968 shares during the period. Finally, State Street Corp grew its position in shares of Regal Beloit Corporation by 2.2% during the 2nd quarter. State Street Corp now owns 1,163,293 shares of the industrial products company’s stock worth $94,869,000 after buying an additional 24,844 shares during the period. 92.14% of the stock is owned by institutional investors.

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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