Regal Beloit Corporation (NYSE:RBC)‘s stock had its “hold” rating reissued by research analysts at Jefferies Group LLC in a report issued on Friday. They presently have a $80.00 target price on the industrial products company’s stock. Jefferies Group LLC’s price target would indicate a potential downside of 4.93% from the company’s previous close.

Other analysts have also issued reports about the stock. Wolfe Research began coverage on shares of Regal Beloit Corporation in a research report on Tuesday. They issued a “market perform” rating on the stock. ValuEngine raised shares of Regal Beloit Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub lowered shares of Regal Beloit Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Oppenheimer Holdings, Inc. raised shares of Regal Beloit Corporation from a “market perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Friday, May 5th. Finally, CIBC raised shares of Regal Beloit Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, May 15th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $79.57.

Shares of Regal Beloit Corporation (NYSE:RBC) traded down 0.53% on Friday, reaching $84.15. The company had a trading volume of 310,034 shares. Regal Beloit Corporation has a 52 week low of $53.80 and a 52 week high of $84.80. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 18.25 and a beta of 1.52. The stock’s 50 day moving average is $80.02 and its 200 day moving average is $75.83.

Regal Beloit Corporation (NYSE:RBC) last posted its quarterly earnings data on Monday, May 8th. The industrial products company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.12. Regal Beloit Corporation had a net margin of 6.46% and a return on equity of 9.80%. The company had revenue of $813.50 million for the quarter, compared to analyst estimates of $807.40 million. During the same period in the prior year, the company posted $0.95 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts anticipate that Regal Beloit Corporation will post $4.86 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This is a positive change from Regal Beloit Corporation’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.24%. Regal Beloit Corporation’s dividend payout ratio (DPR) is 22.56%.

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In other news, Director Henry W. Knueppel sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $85.00, for a total transaction of $1,700,000.00. Following the transaction, the director now directly owns 3,726 shares of the company’s stock, valued at $316,710. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Henry W. Knueppel sold 3,663 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $80.00, for a total transaction of $293,040.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,463 shares of company stock worth $3,677,364. Corporate insiders own 2.20% of the company’s stock.

Several institutional investors have recently modified their holdings of RBC. Envestnet Asset Management Inc. raised its position in shares of Regal Beloit Corporation by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,380 shares of the industrial products company’s stock worth $165,000 after buying an additional 11 shares during the period. Ronald Blue & Co. LLC raised its position in shares of Regal Beloit Corporation by 0.4% in the first quarter. Ronald Blue & Co. LLC now owns 4,552 shares of the industrial products company’s stock worth $344,000 after buying an additional 16 shares during the period. US Bancorp DE raised its position in shares of Regal Beloit Corporation by 2.6% in the first quarter. US Bancorp DE now owns 6,403 shares of the industrial products company’s stock worth $484,000 after buying an additional 160 shares during the period. Advantus Capital Management Inc raised its position in shares of Regal Beloit Corporation by 3.1% in the first quarter. Advantus Capital Management Inc now owns 5,734 shares of the industrial products company’s stock worth $434,000 after buying an additional 171 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Regal Beloit Corporation by 4.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,240 shares of the industrial products company’s stock worth $321,000 after buying an additional 192 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Regal Beloit Corporation Company 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.

Analyst Recommendations for Regal Beloit Corporation (NYSE:RBC)

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