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REGAL-BELOIT CORPORATION (NYSE:RBC) was downgraded by stock analysts at Longbow Research from a “buy” rating to a “neutral” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports.

Shares of REGAL-BELOIT CORPORATION (NYSE:RBC) opened at 71.16 on Wednesday. REGAL-BELOIT CORPORATION has a 52-week low of $62.93 and a 52-week high of $80.41. The stock has a 50-day moving average of $74.27 and a 200-day moving average of $74.48. The company has a market cap of $3.215 billion and a price-to-earnings ratio of 27.06.

REGAL-BELOIT CORPORATION (NYSE:RBC) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by $0.01. The company had revenue of $850.40 million for the quarter, compared to the consensus estimate of $866.06 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts predict that REGAL-BELOIT CORPORATION will post $4.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 8th. Stockholders of record on Wednesday, September 24th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Monday, September 22nd.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of REGAL-BELOIT CORPORATION in a research note on Monday, August 4th. They now have a $74.00 price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of REGAL-BELOIT CORPORATION in a research note on Thursday, July 31st. They now have a $84.00 price target on the stock, down previously from $85.00. Finally, analysts at KeyCorp reiterated a “buy” rating on shares of REGAL-BELOIT CORPORATION in a research note on Friday, June 20th. They now have a $88.00 price target on the stock, up previously from $82.00. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $81.56.

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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