Strs Ohio lifted its position in Regal Beloit Corp (NYSE:RBC) by 36.3% in the 4th quarter, HoldingsChannel reports. The fund owned 7,634 shares of the industrial products company’s stock after acquiring an additional 2,035 shares during the quarter. Strs Ohio’s holdings in Regal Beloit were worth $534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of 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 worth $344,758,000 after buying an additional 33,214 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of 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 worth $344,758,000 after buying an additional 33,214 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of 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 worth $123,355,000 after buying an additional 83,900 shares during the last quarter. LSV Asset Management boosted its holdings in shares of 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 worth $114,370,000 after buying an additional 190,206 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of 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 worth $114,027,000 after buying an additional 101,878 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

RBC has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $90.00 price target (down from $95.00) on shares of Regal Beloit in a report on Monday, November 5th. BMO Capital Markets cut their price target on shares of Regal Beloit to $83.00 and set a “market perform” rating on the stock in a report on Wednesday, November 7th. Wolfe Research downgraded shares of Regal Beloit from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 8th. Oppenheimer downgraded shares of Regal Beloit from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 8th. Finally, CIBC reissued a “market perform” rating on shares of Regal Beloit in a report on Tuesday, January 8th. Nine research 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.

NYSE RBC traded down $0.48 during trading on Monday, hitting $80.23. 261 shares of the company’s stock traded hands, compared to its average volume of 240,857. The company has a market cap of $3.48 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 1.26 and a beta of 1.50. Regal Beloit Corp has a 12-month low of $66.04 and a 12-month high of $86.75. The company has a quick ratio of 1.55, a current ratio of 2.70 and a debt-to-equity ratio of 0.56.

Regal Beloit (NYSE:RBC) last released its quarterly earnings data on Monday, February 4th. The industrial products company reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.10. The business had revenue of $881.70 million for the quarter, compared to the consensus estimate of $864.76 million. Regal Beloit had a net margin of 6.34% and a return on equity of 11.18%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 earnings per share. As a group, equities research analysts anticipate that Regal Beloit Corp will post 6.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, March 28th. Regal Beloit’s dividend payout ratio (DPR) 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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