ValuEngine upgraded shares of Regal Beloit (NYSE:RBC) from a hold rating to a buy rating in a research note published on Tuesday morning.

A number of other analysts also recently weighed in on the stock. Royal Bank of Canada reaffirmed a buy rating and set a $90.00 price target on shares of Regal Beloit in a report on Tuesday, November 28th. BidaskClub downgraded shares of Regal Beloit from a sell rating to a strong sell rating in a report on Tuesday, August 22nd. Robert W. Baird reaffirmed a buy rating and set a $88.00 price target on shares of Regal Beloit in a report on Wednesday, October 4th. BMO Capital Markets cut their price target on shares of Regal Beloit from $88.00 to $85.00 and set a market perform rating for the company in a report on Tuesday, November 7th. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $85.00 price target on shares of Regal Beloit in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Regal Beloit presently has a consensus rating of Hold and a consensus target price of $86.63.

Shares of Regal Beloit (RBC) opened at $78.15 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.48. The stock has a market cap of $3,464.57, a PE ratio of 16.39, a price-to-earnings-growth ratio of 1.46 and a beta of 1.48. Regal Beloit has a twelve month low of $68.30 and a twelve month high of $87.50.

Regal Beloit (NYSE:RBC) last posted its quarterly earnings data on Monday, November 6th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.01). The business had revenue of $857.00 million during the quarter, compared to the consensus estimate of $837.19 million. Regal Beloit had a net margin of 6.28% and a return on equity of 9.76%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.31 EPS. equities research analysts expect that Regal Beloit will post 4.87 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, December 28th. Regal Beloit’s dividend payout ratio (DPR) is presently 22.61%.

Hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. increased its position in Regal Beloit by 1.8% during the 2nd quarter. Prudential Financial Inc. now owns 566,099 shares of the industrial products company’s stock worth $46,165,000 after purchasing an additional 10,131 shares in the last quarter. Seizert Capital Partners LLC increased its position in Regal Beloit by 32.3% during the 2nd quarter. Seizert Capital Partners LLC now owns 68,556 shares of the industrial products company’s stock worth $5,591,000 after purchasing an additional 16,718 shares in the last quarter. Vanguard Group Inc. increased its position in Regal Beloit by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,046,576 shares of the industrial products company’s stock worth $329,998,000 after purchasing an additional 54,435 shares in the last quarter. Profit Investment Management LLC increased its position in Regal Beloit by 64.0% during the 3rd quarter. Profit Investment Management LLC now owns 21,104 shares of the industrial products company’s stock worth $1,667,000 after purchasing an additional 8,234 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in Regal Beloit by 1.1% during the 2nd quarter. New York State Common Retirement Fund now owns 114,606 shares of the industrial products company’s stock worth $9,346,000 after purchasing an additional 1,299 shares in the last quarter. Institutional investors and hedge funds own 93.81% of the company’s stock.

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About Regal Beloit

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.

Analyst Recommendations for Regal Beloit (NYSE:RBC)

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