Regal Beloit Corporation (NYSE:RBC) – Equities research analysts at Oppenheimer Holdings upped their Q4 2017 EPS estimates for shares of Regal Beloit Corporation in a note issued to investors on Wednesday. Oppenheimer Holdings analyst C. Glynn now forecasts that the industrial products company will earn $1.11 per share for the quarter, up from their previous estimate of $1.05. Oppenheimer Holdings has a “Outperform” rating and a $90.00 price objective on the stock.

Regal Beloit Corporation (NYSE:RBC) last posted its earnings results on Monday, August 7th. The industrial products company reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.01. Regal Beloit Corporation had a return on equity of 9.88% and a net margin of 6.29%. The company had revenue of $869.20 million for the quarter, compared to analyst estimates of $854.66 million. During the same period last year, the company earned $1.14 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: “Q4 2017 EPS Estimates for Regal Beloit Corporation Lifted by Analyst (RBC)” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/08/14/q4-2017-eps-estimates-for-regal-beloit-corporation-lifted-by-analyst-rbc.html.

Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of Regal Beloit Corporation from a “hold” rating to a “sell” rating in a research note on Saturday. ValuEngine raised shares of Regal Beloit Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $80.00 target price on shares of Regal Beloit Corporation in a research note on Friday, July 14th. Zacks Investment Research downgraded shares of Regal Beloit Corporation from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, CIBC upgraded shares of Regal Beloit Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, May 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Regal Beloit Corporation presently has an average rating of “Hold” and an average target price of $83.00.

Regal Beloit Corporation (NYSE RBC) opened at 78.85 on Monday. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 17.41 and a beta of 1.52. The firm’s 50-day moving average price is $82.93 and its 200 day moving average price is $78.39. Regal Beloit Corporation has a 12-month low of $56.45 and a 12-month high of $87.50.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.32%. Regal Beloit Corporation’s dividend payout ratio is 22.96%.

In other news, Director Henry W. Knueppel sold 20,000 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 3,726 shares in the company, valued at approximately $316,710. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Henry W. Knueppel sold 10,000 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $82.00, for a total transaction of $820,000.00. Following the transaction, the director now owns 3,726 shares of the company’s stock, valued at $305,532. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,663 shares of company stock valued at $2,813,040. Company insiders own 2.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of RBC. Tyers Asset Management LLC boosted its stake 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. boosted its stake in shares of Regal Beloit Corporation by 5.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,514 shares of the industrial products company’s stock worth $191,000 after buying an additional 134 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of Regal Beloit Corporation by 4.4% in the second quarter. Synovus Financial Corp now owns 2,607 shares of the industrial products company’s stock worth $209,000 after buying an additional 110 shares during the last quarter. World Asset Management Inc purchased a new stake in shares of Regal Beloit Corporation during the first quarter worth about $207,000. Finally, Airain ltd purchased a new stake in shares of Regal Beloit Corporation during the second quarter worth about $224,000. Institutional investors own 93.32% of the company’s stock.

About Regal Beloit Corporation

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.

Earnings History and Estimates for Regal Beloit Corporation (NYSE:RBC)

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