Nisa Investment Advisors LLC held its stake in shares of Regal Beloit Corporation (NYSE:RBC) during the second quarter, Holdings Channel reports. The institutional investor owned 4,600 shares of the industrial products company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Regal Beloit Corporation were worth $369,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RBC. Tyers Asset Management LLC increased its stake in shares of 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 valued at $157,000 after buying an additional 672 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of 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 valued at $191,000 after buying an additional 134 shares during the last quarter. World Asset Management Inc bought a new stake in shares of Regal Beloit Corporation during the first quarter valued at $207,000. Elkfork Partners LLC increased its stake in shares of 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 valued at $216,000 after buying an additional 924 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Regal Beloit Corporation during the second quarter valued at $236,000. 93.70% of the stock is owned by institutional investors.

Regal Beloit Corporation (NYSE:RBC) traded down 0.25% on Friday, hitting $78.85. The company had a trading volume of 378,706 shares. Regal Beloit Corporation has a 12-month low of $56.45 and a 12-month high of $87.50. The stock has a market cap of $3.52 billion, a P/E ratio of 17.41 and a beta of 1.52. The firm’s 50 day moving average price is $82.93 and its 200 day moving average price is $78.39.

Regal Beloit Corporation (NYSE:RBC) last issued its quarterly earnings results on Monday, August 7th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.01. The company had revenue of $869.20 million for the quarter, compared to the consensus estimate of $854.66 million. Regal Beloit Corporation had a return on equity of 9.88% and a net margin of 6.29%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $1.14 earnings per share. Equities analysts predict that Regal Beloit Corporation will post $4.87 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, September 28th. Regal Beloit Corporation’s dividend payout ratio is currently 22.96%.

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Several brokerages have recently weighed in on RBC. BidaskClub downgraded Regal Beloit Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut Regal Beloit Corporation from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Group LLC reiterated a “hold” rating and issued a $80.00 price target on shares of Regal Beloit Corporation in a research note on Friday, July 14th. CIBC upgraded Regal Beloit Corporation from a “market perform” rating to an “outperform” rating in a research note on Friday, May 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $85.00 price target on shares of Regal Beloit Corporation in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $83.00.

In other news, Director Henry W. Knueppel sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $85.00, for a total value of $1,700,000.00. Following the sale, the director now directly owns 3,726 shares of the company’s stock, valued at $316,710. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Henry W. Knueppel sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $82.00, for a total value of $820,000.00. Following the completion of the sale, the director now directly owns 3,726 shares in the company, valued at $305,532. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,663 shares of company stock worth $2,813,040. 2.20% of the stock is currently owned by company insiders.

Regal Beloit Corporation Company Profile

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.

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

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