Shares of Regal Beloit Corp (NYSE:RBC) have received a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $84.75.

Several brokerages have recently weighed in on RBC. Zacks Investment Research upgraded shares of Regal Beloit from a “sell” rating to a “hold” rating and set a $81.00 price objective on the stock in a report on Monday, August 5th. BMO Capital Markets dropped their price objective on shares of Regal Beloit from $95.00 to $93.00 and set a “market perform” rating on the stock in a report on Wednesday, May 8th. Goldman Sachs Group set a $80.00 price objective on shares of Regal Beloit and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of Regal Beloit in a report on Tuesday, May 7th.

RBC stock traded up $0.58 during midday trading on Wednesday, hitting $71.34. The stock had a trading volume of 3,006 shares, compared to its average volume of 307,054. The firm has a market cap of $2.91 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 1.22 and a beta of 1.58. The company has a current ratio of 2.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.53. Regal Beloit has a 1-year low of $66.04 and a 1-year high of $87.31. The business has a fifty day moving average price of $78.62 and a two-hundred day moving average price of $80.36.

Regal Beloit (NYSE:RBC) last released its earnings results on Monday, August 5th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.11). The firm had revenue of $873.70 million during the quarter, compared to analyst estimates of $903.84 million. Regal Beloit had a net margin of 7.34% and a return on equity of 10.81%. Regal Beloit’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.60 EPS. On average, equities analysts anticipate that Regal Beloit will post 5.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.20 annualized dividend and a dividend yield of 1.68%. Regal Beloit’s dividend payout ratio is currently 20.00%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pearl River Capital LLC increased its position in shares of Regal Beloit by 311.6% during the second quarter. Pearl River Capital LLC now owns 354 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 268 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Regal Beloit during the second quarter worth about $34,000. Quadrant Capital Group LLC increased its position in shares of Regal Beloit by 159.6% during the first quarter. Quadrant Capital Group LLC now owns 1,137 shares of the industrial products company’s stock worth $90,000 after acquiring an additional 699 shares in the last quarter. Point72 Hong Kong Ltd increased its position in shares of Regal Beloit by 156.1% during the second quarter. Point72 Hong Kong Ltd now owns 1,688 shares of the industrial products company’s stock worth $138,000 after acquiring an additional 1,029 shares in the last quarter. Finally, TD Asset Management Inc. bought a new stake in shares of Regal Beloit during the first quarter worth about $216,000. Hedge funds and other institutional investors own 91.81% of the company’s stock.

About Regal Beloit

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

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Analyst Recommendations for Regal Beloit (NYSE:RBC)

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