Comerica Bank raised its position in Regal Beloit Corporation (NYSE:RBC) by 35.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,288 shares of the industrial products company’s stock after buying an additional 12,397 shares during the period. Comerica Bank owned about 0.11% of Regal Beloit Corporation worth $4,017,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Tyers Asset Management LLC increased its stake in Regal Beloit Corporation by 47.7% in the first quarter. Tyers Asset Management LLC now owns 2,080 shares of the industrial products company’s stock worth $157,000 after buying an additional 672 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Regal Beloit Corporation by 5.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,514 shares of the industrial products company’s stock worth $191,000 after buying an additional 134 shares in the last quarter. World Asset Management Inc acquired a new stake in Regal Beloit Corporation during the first quarter worth $207,000. Elkfork Partners LLC increased its stake in Regal Beloit Corporation by 47.7% in the first quarter. Elkfork Partners LLC now owns 2,860 shares of the industrial products company’s stock worth $216,000 after buying an additional 924 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Regal Beloit Corporation during the second quarter worth $236,000. Hedge funds and other institutional investors own 92.17% of the company’s stock.

Shares of Regal Beloit Corporation (NYSE:RBC) opened at 73.35 on Tuesday. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 16.19 and a beta of 1.52. Regal Beloit Corporation has a 12 month low of $56.45 and a 12 month high of $87.50. The company has a 50-day moving average price of $81.62 and a 200-day moving average price of $78.62.

Regal Beloit Corporation (NYSE:RBC) last issued its quarterly earnings results on Monday, August 7th. The industrial products company reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.01. The business had revenue of $869.20 million for the quarter, compared to analyst estimates of $854.66 million. Regal Beloit Corporation had a return on equity of 9.88% and a net margin of 6.29%. Regal Beloit Corporation’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $1.14 earnings per share. Equities analysts forecast that Regal Beloit Corporation will post $4.86 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.04 dividend on an annualized basis and a yield of 1.42%. Regal Beloit Corporation’s dividend payout ratio (DPR) is currently 22.96%.

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A number of brokerages have issued reports on RBC. BidaskClub cut Regal Beloit Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research cut Regal Beloit Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Stifel Nicolaus reissued a “hold” rating and set a $85.00 price objective on shares of Regal Beloit Corporation in a report on Wednesday, July 19th. CIBC raised Regal Beloit Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, May 15th. Finally, ValuEngine raised Regal Beloit Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Regal Beloit Corporation currently has an average rating of “Hold” and an average target price of $83.00.

In related news, Director Henry W. Knueppel sold 20,000 shares of Regal Beloit Corporation stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $85.00, for a total transaction of $1,700,000.00. Following the sale, the director now directly owns 3,726 shares in the company, valued at $316,710. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Henry W. Knueppel sold 10,000 shares of Regal Beloit Corporation stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $82.00, for a total value of $820,000.00. Following the sale, the director now owns 3,726 shares in the company, valued at $305,532. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

About Regal Beloit Corporation

Regal Beloit Corporation is a manufacturer of electric motors, electrical motion controls, power generation and power transmission products. The Company operates through three segments: the Commercial and Industrial Systems segment, with its principal line of business in medium and large electric motors, power generation products, high-performance drives and controls and capacitors; the Climate Solutions segment, with its principal line of business in small motors, controls and air moving products, and the Power Transmission Solutions segment, with its principal line of business in power transmission gearing, hydraulic pump drives, open gearing and specialty mechanical products which control motion and torque.

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

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