Victory Capital Management Inc. decreased its position in shares of Regal Beloit Corporation (NYSE:RBC) by 37.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 170,500 shares of the industrial products company’s stock after selling 103,840 shares during the quarter. Victory Capital Management Inc. owned approximately 0.38% of Regal Beloit Corporation worth $13,470,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Ronald Blue & Co. LLC grew its position in shares of Regal Beloit Corporation by 0.3% during the 2nd quarter. Ronald Blue & Co. LLC now owns 4,566 shares of the industrial products company’s stock worth $372,000 after buying an additional 14 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Regal Beloit Corporation by 1.1% during the second quarter. Teacher Retirement System of Texas now owns 3,570 shares of the industrial products company’s stock valued at $291,000 after purchasing an additional 39 shares in the last quarter. Synovus Financial Corp boosted its position in Regal Beloit Corporation by 4.4% during the second quarter. Synovus Financial Corp now owns 2,607 shares of the industrial products company’s stock valued at $209,000 after purchasing an additional 110 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Regal Beloit Corporation by 1.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,704 shares of the industrial products company’s stock valued at $710,000 after purchasing an additional 139 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in Regal Beloit Corporation by 1.6% during the second quarter. Ameritas Investment Partners Inc. now owns 13,409 shares of the industrial products company’s stock valued at $1,094,000 after purchasing an additional 206 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on RBC shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $85.00 price objective on shares of Regal Beloit Corporation in a research report on Wednesday, July 19th. BidaskClub downgraded Regal Beloit Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded Regal Beloit Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Morgan Stanley raised their price objective on Regal Beloit Corporation from $82.00 to $87.00 and gave the company an “equal weight” rating in a research report on Monday, October 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $88.00 price objective on shares of Regal Beloit Corporation in a research report on Wednesday, October 4th. One equities research 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. The stock presently has an average rating of “Hold” and an average target price of $86.14.

COPYRIGHT VIOLATION WARNING: “Victory Capital Management Inc. Sells 103,840 Shares of Regal Beloit Corporation (RBC)” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.watchlistnews.com/victory-capital-management-inc-sells-103840-shares-of-regal-beloit-corporation-rbc/1702251.html.

Shares of Regal Beloit Corporation (NYSE RBC) opened at $76.40 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. Regal Beloit Corporation has a 12 month low of $68.00 and a 12 month high of $87.50. The company has a market capitalization of $3,426.91, a PE ratio of 16.22, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Thursday, December 28th. Regal Beloit Corporation’s dividend payout ratio (DPR) is presently 22.61%.

Regal Beloit Corporation 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.

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

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