Regal Beloit Corporation (NYSE:RBC) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Tuesday.

RBC has been the subject of several other reports. Zacks Investment Research downgraded Regal Beloit Corporation from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Stifel Nicolaus reiterated a “hold” rating and set a $85.00 target price on shares of Regal Beloit Corporation in a research report on Wednesday, July 19th. CIBC upgraded Regal Beloit Corporation from a “market perform” rating to an “outperform” rating in a research report on Friday, May 5th. Credit Suisse Group reiterated a “buy” rating and set a $88.00 target price on shares of Regal Beloit Corporation in a research report on Thursday, June 29th. Finally, Wolfe Research initiated coverage on Regal Beloit Corporation in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Regal Beloit Corporation currently has an average rating of “Hold” and a consensus target price of $83.00.

Shares of Regal Beloit Corporation (NYSE:RBC) traded up 1.12% on Tuesday, reaching $76.50. 204,027 shares of the company’s stock traded hands. The firm has a market cap of $3.41 billion, a P/E ratio of 16.89 and a beta of 1.52. Regal Beloit Corporation has a 12-month low of $56.45 and a 12-month high of $87.50. The stock has a 50-day moving average of $82.48 and a 200 day moving average of $78.67.

Regal Beloit Corporation (NYSE:RBC) last released its earnings results on Monday, August 7th. The industrial products company reported $1.29 earnings per share for the quarter, topping the 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 business had revenue of $869.20 million during the quarter, compared to the consensus estimate of $854.66 million. During the same period last year, the company earned $1.14 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts expect that Regal Beloit Corporation will post $4.86 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Regal Beloit Corporation (RBC) Downgraded to Strong Sell at BidaskClub” was posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/08/22/regal-beloit-corporation-rbc-downgraded-to-strong-sell-at-bidaskclub.html.

In related news, Director Henry W. Knueppel sold 20,000 shares of Regal Beloit Corporation 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 sale, the director now directly owns 3,726 shares in the company, valued at $316,710. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Henry W. Knueppel sold 10,000 shares of Regal Beloit Corporation stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $82.00, for a total value of $820,000.00. Following the completion of the sale, 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. Insiders own 2.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in RBC. Goldman Sachs Group Inc. increased its position in shares of Regal Beloit Corporation by 2.7% in the first quarter. Goldman Sachs Group Inc. now owns 476,010 shares of the industrial products company’s stock worth $36,010,000 after buying an additional 12,329 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Regal Beloit Corporation by 0.6% in the first quarter. Macquarie Group Ltd. now owns 387,018 shares of the industrial products company’s stock worth $29,278,000 after buying an additional 2,216 shares in the last quarter. Gotham Asset Management LLC increased its position in shares of Regal Beloit Corporation by 56.3% in the first quarter. Gotham Asset Management LLC now owns 231,875 shares of the industrial products company’s stock worth $17,541,000 after buying an additional 83,548 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Regal Beloit Corporation by 0.4% in the first quarter. Fisher Asset Management LLC now owns 578,923 shares of the industrial products company’s stock worth $43,796,000 after buying an additional 2,030 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Regal Beloit Corporation by 3.8% in the first quarter. First Trust Advisors LP now owns 353,803 shares of the industrial products company’s stock worth $26,765,000 after buying an additional 12,839 shares in the last quarter. Hedge funds and other institutional investors own 93.32% of the company’s stock.

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)

Receive News & Ratings for Regal Beloit Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regal Beloit Corporation and related companies with MarketBeat.com's FREE daily email newsletter.