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Regal-Beloit Corp. (NYSE:RBC)‘s stock had its “sector perform” rating reaffirmed by investment analysts at RBC Capital in a note issued to investors on Thursday, StockRatingsNetwork reports. They currently have a $79.00 price target on the stock, down from their previous price target of $83.00. RBC Capital’s price target indicates a potential upside of 10.12% from the company’s current price.

Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Regal-Beloit Corp. in a research note on Tuesday. They now have a $78.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $75.19.

Regal-Beloit Corp. (NYSE:RBC) opened at 72.59 on Thursday. Regal-Beloit Corp. has a 52-week low of $61.86 and a 52-week high of $88.25. The stock’s 50-day moving average is $74.86 and its 200-day moving average is $70.95. The company has a market cap of $3.271 billion and a price-to-earnings ratio of 17.26.

Regal-Beloit Corp. (NYSE:RBC) last released its earnings data on Monday, February 10th. The company reported $0.97 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.84 by $0.13. Analysts expect that Regal-Beloit Corp. will post $4.67 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, March 26th.

Regal Beloit Corporation is a global manufacturer of electric motors and controls, electric generators and controls, and mechanical motion control products.

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