CIBC reissued their market perform rating on shares of Regal Beloit (NYSE:RBC) in a report published on Tuesday.

A number of other research firms have also commented on RBC. Wolfe Research lowered shares of Regal Beloit from an outperform rating to a market perform rating in a research note on Tuesday. Royal Bank of Canada reaffirmed a buy rating and set a $90.00 price objective (down from $95.00) on shares of Regal Beloit in a research note on Monday, November 5th. Zacks Investment Research raised shares of Regal Beloit from a hold rating to a buy rating and set a $93.00 price objective for the company in a research note on Wednesday, October 3rd. Oppenheimer lowered shares of Regal Beloit from an outperform rating to a market perform rating in a research note on Tuesday. Finally, Goldman Sachs Group initiated coverage on shares of Regal Beloit in a research note on Wednesday, October 3rd. They set a buy rating and a $95.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $89.13.

NYSE RBC traded down $0.49 on Tuesday, reaching $71.84. The company’s stock had a trading volume of 3,236 shares, compared to its average volume of 239,693. Regal Beloit has a twelve month low of $66.04 and a twelve month high of $86.75. The company has a current ratio of 2.61, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.10 and a beta of 1.47.

Regal Beloit (NYSE:RBC) last issued its quarterly earnings results on Monday, November 5th. The industrial products company reported $1.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.06. Regal Beloit had a net margin of 6.34% and a return on equity of 10.73%. The company had revenue of $925.40 million during the quarter, compared to the consensus estimate of $924.18 million. During the same period in the prior year, the company earned $1.39 EPS. Regal Beloit’s revenue was up 8.0% on a year-over-year basis. As a group, research analysts predict that Regal Beloit will post 5.91 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Friday, December 28th will be issued a $0.28 dividend. The ex-dividend date is Thursday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.56%. Regal Beloit’s dividend payout ratio is 23.00%.

Several institutional investors and hedge funds have recently modified their holdings of the company. CenturyLink Investment Management Co increased its holdings in shares of Regal Beloit by 3.4% in the 4th quarter. CenturyLink Investment Management Co now owns 15,500 shares of the industrial products company’s stock valued at $1,086,000 after purchasing an additional 514 shares during the period. Stone Ridge Asset Management LLC increased its holdings in Regal Beloit by 3.1% in the third quarter. Stone Ridge Asset Management LLC now owns 23,476 shares of the industrial products company’s stock worth $1,936,000 after buying an additional 700 shares during the last quarter. Aperio Group LLC increased its holdings in Regal Beloit by 3.8% in the third quarter. Aperio Group LLC now owns 19,846 shares of the industrial products company’s stock worth $1,636,000 after buying an additional 732 shares during the last quarter. C M Bidwell & Associates Ltd. increased its holdings in Regal Beloit by 150.5% in the third quarter. C M Bidwell & Associates Ltd. now owns 2,305 shares of the industrial products company’s stock worth $190,000 after buying an additional 1,385 shares during the last quarter. Finally, Vident Investment Advisory LLC increased its holdings in Regal Beloit by 4.1% in the third quarter. Vident Investment Advisory LLC now owns 37,608 shares of the industrial products company’s stock worth $3,101,000 after buying an additional 1,494 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

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.

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Analyst Recommendations for Regal Beloit (NYSE:RBC)

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