Regal Beloit Corporation (NYSE:RBC) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

RBC has been the subject of several other reports. Robert W. Baird reiterated a “buy” rating and issued a $88.00 price objective on shares of Regal Beloit Corporation in a report on Wednesday, October 4th. Royal Bank Of Canada reiterated a “buy” rating on shares of Regal Beloit Corporation in a report on Monday, November 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $85.00 price objective on shares of Regal Beloit Corporation in a report on Tuesday, August 22nd. BidaskClub downgraded Regal Beloit Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, Morgan Stanley lifted their price objective on Regal Beloit Corporation from $82.00 to $87.00 and gave the stock an “equal weight” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $86.14.

Regal Beloit Corporation (NYSE RBC) traded down $0.90 during midday trading on Wednesday, reaching $75.50. The company had a trading volume of 213,000 shares, compared to its average volume of 249,076. Regal Beloit Corporation has a 52 week low of $68.00 and a 52 week high of $87.50. The company has a market cap of $3,384.83, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 1.43 and a beta of 1.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.22 and a quick ratio of 1.22.

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

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Hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. lifted its holdings in Regal Beloit Corporation by 1.8% in 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 lifted its holdings in Regal Beloit Corporation by 32.3% in 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. lifted its holdings in Regal Beloit Corporation by 1.4% in 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. Russell Investments Group Ltd. lifted its holdings in Regal Beloit Corporation by 326.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 36,238 shares of the industrial products company’s stock worth $2,959,000 after purchasing an additional 27,737 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in Regal Beloit Corporation by 1.1% in 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. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

About Regal Beloit Corporation

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 Corporation (NYSE:RBC)

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