Regal Beloit Corporation (NYSE:RBC)‘s stock had its “hold” rating restated by investment analysts at Stifel Nicolaus in a research report issued on Wednesday. They presently have a $85.00 target price on the industrial products company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 0.24% from the company’s previous close.

A number of other equities analysts also recently weighed in on RBC. Jefferies Group LLC restated a “hold” rating and set a $80.00 target price on shares of Regal Beloit Corporation in a report on Friday, July 14th. BidaskClub raised shares of Regal Beloit Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Wolfe Research assumed coverage on shares of Regal Beloit Corporation in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. Credit Suisse Group reissued a “buy” rating and issued a $88.00 target price on shares of Regal Beloit Corporation in a research report on Thursday, June 29th. Finally, Zacks Investment Research raised shares of Regal Beloit Corporation from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Tuesday, June 6th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Regal Beloit Corporation has an average rating of “Buy” and an average price target of $80.57.

Regal Beloit Corporation (RBC) traded up 1.06% during midday trading on Wednesday, hitting $85.70. 94,298 shares of the stock were exchanged. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 18.59 and a beta of 1.52. Regal Beloit Corporation has a one year low of $56.45 and a one year high of $86.10. The company has a 50 day moving average price of $81.67 and a 200 day moving average price of $76.98.

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

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In other news, Director Henry W. Knueppel sold 20,000 shares of the company’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $85.00, for a total value of $1,700,000.00. Following the completion of the transaction, the director now owns 3,726 shares of the company’s stock, valued at $316,710. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Henry W. Knueppel sold 10,800 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $80.03, for a total value of $864,324.00. Following the completion of the transaction, the director now directly owns 4,326 shares of the company’s stock, valued at approximately $346,209.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,463 shares of company stock valued at $3,677,364. Company insiders own 2.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Tyers Asset Management LLC raised its position in shares of Regal Beloit Corporation by 47.7% in the first quarter. Tyers Asset Management LLC now owns 2,080 shares of the industrial products company’s stock worth $157,000 after buying an additional 672 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in 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 valued at $165,000 after buying an additional 11 shares during the last quarter. World Asset Management Inc bought a new stake in Regal Beloit Corporation during the first quarter valued at about $207,000. Elkfork Partners LLC raised its stake in Regal Beloit Corporation by 47.7% in the first quarter. Elkfork Partners LLC now owns 2,860 shares of the industrial products company’s stock valued at $216,000 after buying an additional 924 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Regal Beloit Corporation during the second quarter valued at about $236,000. 93.68% of the stock is owned by hedge funds and other institutional investors.

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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