Vanguard Group Inc. grew its position in Regal Beloit Corp (NYSE:RBC) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,181,428 shares of the industrial products company’s stock after purchasing an additional 33,214 shares during the quarter. Vanguard Group Inc. owned about 9.69% of Regal Beloit worth $344,758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its holdings in shares of Regal Beloit by 5.9% during the third quarter. Franklin Resources Inc. now owns 1,496,124 shares of the industrial products company’s stock valued at $123,355,000 after buying an additional 83,900 shares during the last quarter. LSV Asset Management grew its holdings in shares of Regal Beloit by 15.9% during the third quarter. LSV Asset Management now owns 1,387,151 shares of the industrial products company’s stock valued at $114,370,000 after buying an additional 190,206 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Regal Beloit by 8.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,382,986 shares of the industrial products company’s stock valued at $114,027,000 after buying an additional 101,878 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Regal Beloit by 6.8% during the second quarter. Northern Trust Corp now owns 655,724 shares of the industrial products company’s stock valued at $53,639,000 after buying an additional 42,033 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Regal Beloit by 0.6% during the third quarter. The Manufacturers Life Insurance Company now owns 545,777 shares of the industrial products company’s stock valued at $44,999,000 after buying an additional 3,032 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on RBC. Zacks Investment Research lowered shares of Regal Beloit from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Wolfe Research lowered shares of Regal Beloit from an “outperform” rating to a “market perform” rating in a report on Tuesday. Royal Bank of Canada downgraded shares of Regal Beloit from an “outperform” rating to a “market perform” rating in a research report on Tuesday. CIBC restated a “market perform” rating on shares of Regal Beloit in a research report on Tuesday. Finally, BMO Capital Markets decreased their target price on shares of Regal Beloit to $83.00 and set a “market perform” rating for the company in a research report on Wednesday, November 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $89.13.

Shares of Regal Beloit stock opened at $71.63 on Friday. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 1.10 and a beta of 1.47. Regal Beloit Corp has a fifty-two week low of $66.04 and a fifty-two week high of $86.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.61 and a quick ratio of 1.42.

Regal Beloit (NYSE:RBC) last issued its quarterly earnings data on Monday, November 5th. The industrial products company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.06. The business had revenue of $925.40 million during the quarter, compared to the consensus estimate of $924.18 million. Regal Beloit had a net margin of 6.34% and a return on equity of 10.73%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 earnings per share. On average, sell-side analysts predict that Regal Beloit Corp will post 5.91 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 11th. Shareholders of record on Friday, December 28th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.56%. Regal Beloit’s dividend payout ratio (DPR) is currently 23.00%.

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About Regal Beloit

Regal Beloit Corporation, together with its subsidiaries, designs, manufactures, and sells electric motors, electrical motion controls, and power generation and power transmission products worldwide. It operates through three segments: Commercial and Industrial Systems, Climate Solutions, and Power Transmission Solutions.

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

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