Barrington Research reiterated their outperform rating on shares of Regal Beloit (NYSE:RBC) in a report released on Monday. They currently have a $87.00 price target on the industrial products company’s stock.

Several other brokerages have also issued reports on RBC. ValuEngine upgraded shares of Regal Beloit from a hold rating to a buy rating in a research report on Tuesday, December 19th. Zacks Investment Research upgraded shares of Regal Beloit from a hold rating to a buy rating and set a $86.00 target price for the company in a research report on Tuesday, January 2nd. Seaport Global Securities upgraded shares of Regal Beloit from a neutral rating to a buy rating and lifted their target price for the company from $82.00 to $88.00 in a research report on Wednesday, February 7th. Royal Bank of Canada reiterated a buy rating on shares of Regal Beloit in a research report on Monday, November 6th. Finally, BMO Capital Markets dropped their target price on shares of Regal Beloit from $88.00 to $85.00 and set a market perform rating for the company in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. Regal Beloit currently has a consensus rating of Hold and an average target price of $86.73.

Regal Beloit (RBC) opened at $76.00 on Monday. The company has a market cap of $3,329.45, a P/E ratio of 16.03, a P/E/G ratio of 1.22 and a beta of 1.44. Regal Beloit has a 12 month low of $71.05 and a 12 month high of $87.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 2.21.

Regal Beloit (NYSE:RBC) last announced its earnings results on Monday, February 5th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.01. Regal Beloit had a net margin of 6.34% and a return on equity of 9.64%. The business had revenue of $820.70 million during the quarter, compared to analyst estimates of $794.65 million. During the same period in the previous year, the business posted $1.04 earnings per share. Regal Beloit’s revenue for the quarter was up 8.3% on a year-over-year basis. equities analysts forecast that Regal Beloit will post 5.59 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.37%. Regal Beloit’s payout ratio is 21.94%.

Several institutional investors and hedge funds have recently made changes to their positions in RBC. LSV Asset Management lifted its holdings in shares of Regal Beloit by 133.6% in the 4th quarter. LSV Asset Management now owns 543,660 shares of the industrial products company’s stock worth $41,644,000 after acquiring an additional 310,927 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Regal Beloit by 133.4% in the 3rd quarter. Principal Financial Group Inc. now owns 444,149 shares of the industrial products company’s stock worth $35,088,000 after acquiring an additional 253,888 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Regal Beloit by 4.3% in the 4th quarter. BlackRock Inc. now owns 4,243,407 shares of the industrial products company’s stock worth $325,044,000 after acquiring an additional 173,534 shares during the last quarter. New Amsterdam Partners LLC NY bought a new stake in shares of Regal Beloit in the 4th quarter worth approximately $5,520,000. Finally, Prudential Financial Inc. lifted its holdings in shares of Regal Beloit by 11.4% in the 3rd quarter. Prudential Financial Inc. now owns 630,849 shares of the industrial products company’s stock worth $49,837,000 after acquiring an additional 64,750 shares during the last quarter. Hedge funds and other institutional investors own 94.75% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.watchlistnews.com/regal-beloits-rbc-outperform-rating-reiterated-at-barrington-research/1862923.html.

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)

Receive News & Ratings for Regal Beloit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regal Beloit and related companies with MarketBeat.com's FREE daily email newsletter.