Regal Beloit Corporation (NYSE:RBC)‘s stock had its “buy” rating reiterated by Robert W. Baird in a research note issued on Wednesday. They presently have a $88.00 target price on the industrial products company’s stock. Robert W. Baird’s price target would indicate a potential upside of 9.66% from the stock’s previous close.

RBC has been the topic of a number of other research reports. Morgan Stanley lifted their target price on Regal Beloit Corporation from $82.00 to $87.00 and gave the company an “equal weight” rating in a report on Monday. BidaskClub cut Regal Beloit Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research cut Regal Beloit Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Stifel Nicolaus reiterated a “hold” rating and issued a $85.00 target price on shares of Regal Beloit Corporation in a report on Wednesday, July 19th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $80.00 target price on shares of Regal Beloit Corporation in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $86.33.

Regal Beloit Corporation (NYSE RBC) remained flat at $80.25 during midday trading on Wednesday. 186,171 shares of the company’s stock traded hands. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 17.72 and a beta of 1.53. The company’s 50-day moving average is $76.90 and its 200 day moving average is $79.08. Regal Beloit Corporation has a 52-week low of $56.45 and a 52-week high of $87.50.

Regal Beloit Corporation (NYSE:RBC) last issued its earnings results on Monday, August 7th. The industrial products company reported $1.29 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $869.20 million for the quarter, compared to analysts’ expectations of $854.66 million. During the same quarter last year, the firm earned $1.14 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. Analysts predict that Regal Beloit Corporation will post $4.86 EPS for the current fiscal year.

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In other Regal Beloit Corporation news, Director Henry W. Knueppel sold 20,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $85.00, for a total transaction of $1,700,000.00. Following the transaction, the director now owns 3,726 shares in the company, valued at $316,710. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. Ronald Blue & Co. LLC lifted its stake in shares of Regal Beloit Corporation by 0.3% during the second quarter. Ronald Blue & Co. LLC now owns 4,566 shares of the industrial products company’s stock worth $372,000 after purchasing an additional 14 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Regal Beloit Corporation by 1.1% during the second quarter. Teacher Retirement System of Texas now owns 3,570 shares of the industrial products company’s stock worth $291,000 after purchasing an additional 39 shares in the last quarter. Synovus Financial Corp lifted its stake in shares of Regal Beloit Corporation by 4.4% during the second quarter. Synovus Financial Corp now owns 2,607 shares of the industrial products company’s stock worth $209,000 after purchasing an additional 110 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Regal Beloit Corporation by 5.6% during the first quarter. Envestnet Asset Management Inc. now owns 2,514 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 134 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Regal Beloit Corporation by 1.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,704 shares of the industrial products company’s stock worth $710,000 after purchasing an additional 139 shares in the last quarter. Institutional investors own 92.14% 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)

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