New Mexico Educational Retirement Board lowered its stake in Regal Beloit Corp (NYSE:RBC) by 14.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,800 shares of the industrial products company’s stock after selling 1,500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Regal Beloit were worth $616,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc lifted its holdings in shares of Regal Beloit by 0.8% in the third quarter. Vanguard Group Inc now owns 4,181,428 shares of the industrial products company’s stock worth $344,758,000 after acquiring an additional 33,214 shares during the last quarter. Vanguard Group Inc. raised its holdings in Regal Beloit by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,181,428 shares of the industrial products company’s stock valued at $344,758,000 after buying an additional 33,214 shares during the last quarter. Franklin Resources Inc. raised its holdings in Regal Beloit by 5.9% in the 3rd 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 raised its holdings in Regal Beloit by 15.9% in the 3rd 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. Finally, Massachusetts Financial Services Co. MA raised its holdings in Regal Beloit by 8.0% in the 3rd 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. 92.16% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on RBC. Zacks Investment Research upgraded shares of Regal Beloit from a “sell” rating to a “hold” rating in a report on Thursday. Wells Fargo & Co raised their price objective on shares of Regal Beloit from $75.00 to $85.00 and gave the company a “market perform” rating in a report on Wednesday. Royal Bank of Canada reiterated a “hold” rating on shares of Regal Beloit in a report on Tuesday. CIBC reiterated a “market perform” rating on shares of Regal Beloit in a report on Tuesday, January 8th. Finally, Oppenheimer lowered shares of Regal Beloit from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 8th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $88.75.

Shares of NYSE RBC opened at $80.71 on Friday. The company has a market capitalization of $3.48 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 1.26 and a beta of 1.50. Regal Beloit Corp has a 1 year low of $66.04 and a 1 year high of $86.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.70 and a quick ratio of 1.42.

Regal Beloit (NYSE:RBC) last issued its quarterly earnings data on Monday, February 4th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.10. The business had revenue of $881.70 million during the quarter, compared to analyst estimates of $864.76 million. Regal Beloit had a net margin of 6.34% and a return on equity of 11.18%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $1.14 EPS. Analysts forecast that Regal Beloit Corp will post 6.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, March 28th. Regal Beloit’s dividend payout ratio is presently 18.67%.

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Regal Beloit Company Profile

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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