Shares of Regal Beloit Corp (NYSE:RBC) have been given an average rating of “Hold” by the fourteen research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $85.91.

RBC has been the subject of several recent analyst reports. ValuEngine downgraded Regal Beloit from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Zacks Investment Research lowered Regal Beloit from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th.

A number of institutional investors and hedge funds have recently made changes to their positions in RBC. Franklin Resources Inc. boosted its position in shares of Regal Beloit by 67.1% during the 1st quarter. Franklin Resources Inc. now owns 745,024 shares of the industrial products company’s stock worth $54,648,000 after purchasing an additional 299,269 shares in the last quarter. LSV Asset Management boosted its stake in Regal Beloit by 47.3% during the first quarter. LSV Asset Management now owns 800,708 shares of the industrial products company’s stock worth $58,731,000 after acquiring an additional 257,048 shares in the last quarter. BlackRock Inc. boosted its stake in Regal Beloit by 5.6% during the first quarter. BlackRock Inc. now owns 4,480,349 shares of the industrial products company’s stock worth $328,633,000 after acquiring an additional 236,942 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Regal Beloit by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,683,200 shares of the industrial products company’s stock worth $196,813,000 after acquiring an additional 138,116 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in Regal Beloit by 35.5% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 286,507 shares of the industrial products company’s stock worth $21,015,000 after acquiring an additional 75,000 shares in the last quarter. Hedge funds and other institutional investors own 93.79% of the company’s stock.

RBC traded up $0.30 during trading on Friday, reaching $82.70. 623 shares of the stock traded hands, compared to its average volume of 221,428. Regal Beloit has a 12 month low of $67.84 and a 12 month high of $87.50. The company has a current ratio of 2.36, a quick ratio of 1.27 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $3.62 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 1.40 and a beta of 1.46.

Regal Beloit (NYSE:RBC) last posted its quarterly earnings data on Monday, May 7th. The industrial products company reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.09. Regal Beloit had a return on equity of 9.87% and a net margin of 6.57%. The company had revenue of $878.80 million for the quarter, compared to the consensus estimate of $869.33 million. During the same quarter in the previous year, the business earned ($0.14) EPS. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. research analysts predict that Regal Beloit will post 5.88 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.35%. This is a positive change from Regal Beloit’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, June 28th. Regal Beloit’s dividend payout ratio (DPR) is presently 21.36%.

About Regal Beloit

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.

Analyst Recommendations for Regal Beloit (NYSE:RBC)

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