Regal Beloit Corp (NYSE:RBC) has received an average recommendation of “Hold” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $84.75.

A number of brokerages have recently commented on RBC. Goldman Sachs Group set a $80.00 price target on shares of Regal Beloit and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Zacks Investment Research upgraded shares of Regal Beloit from a “sell” rating to a “hold” rating and set a $81.00 price target for the company in a research note on Monday, August 5th.

Shares of RBC stock traded down $0.49 during trading hours on Friday, reaching $76.86. The company had a trading volume of 133,598 shares, compared to its average volume of 284,205. The business has a fifty day moving average price of $73.52 and a 200-day moving average price of $79.05. Regal Beloit has a one year low of $66.04 and a one year high of $87.31. The firm has a market cap of $3.20 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 1.36 and a beta of 1.63. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.61 and a current ratio of 2.79.

Regal Beloit (NYSE:RBC) last announced its quarterly earnings results on Monday, August 5th. The industrial products company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.11). Regal Beloit had a return on equity of 10.81% and a net margin of 7.34%. The company had revenue of $873.70 million during the quarter, compared to the consensus estimate of $903.84 million. During the same quarter in the prior year, the firm earned $1.60 earnings per share. The business’s revenue was down 9.0% compared to the same quarter last year. Equities research analysts forecast that Regal Beloit will post 5.63 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given 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 yield of 1.56%. Regal Beloit’s dividend payout ratio (DPR) is 20.00%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. LSV Asset Management grew its position in Regal Beloit by 2.3% during the first quarter. LSV Asset Management now owns 1,751,651 shares of the industrial products company’s stock valued at $143,407,000 after buying an additional 39,100 shares during the period. AQR Capital Management LLC grew its position in Regal Beloit by 116.1% during the second quarter. AQR Capital Management LLC now owns 751,355 shares of the industrial products company’s stock valued at $61,100,000 after buying an additional 403,640 shares during the period. Fisher Asset Management LLC grew its position in Regal Beloit by 1.5% during the second quarter. Fisher Asset Management LLC now owns 624,835 shares of the industrial products company’s stock valued at $51,055,000 after buying an additional 9,096 shares during the period. The Manufacturers Life Insurance Company grew its position in Regal Beloit by 0.3% during the first quarter. The Manufacturers Life Insurance Company now owns 561,673 shares of the industrial products company’s stock valued at $45,984,000 after buying an additional 1,410 shares during the period. Finally, Victory Capital Management Inc. grew its position in Regal Beloit by 325.4% during the second quarter. Victory Capital Management Inc. now owns 546,257 shares of the industrial products company’s stock valued at $44,635,000 after buying an additional 417,857 shares during the period. Institutional investors own 93.28% of the company’s stock.

Regal Beloit Company Profile

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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