Shares of Regal Beloit Corporation (NYSE:RBC) have earned a consensus rating of “Hold” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $86.33.

A number of equities research analysts have recently commented on RBC shares. Robert W. Baird reissued a “buy” rating and issued a $88.00 target price on shares of Regal Beloit Corporation in a research note on Wednesday, October 4th. Stifel Nicolaus reissued a “hold” rating and issued a $85.00 target price on shares of Regal Beloit Corporation in a research note on Tuesday, August 22nd. BidaskClub cut Regal Beloit Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Morgan Stanley increased their target price on Regal Beloit Corporation from $82.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Monday, October 2nd. Finally, Wolfe Research assumed coverage on Regal Beloit Corporation in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ronald Blue & Co. LLC raised its stake in shares of Regal Beloit Corporation by 0.3% in the second quarter. Ronald Blue & Co. LLC now owns 4,566 shares of the industrial products company’s stock worth $372,000 after buying an additional 14 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Regal Beloit Corporation by 1.1% in the second quarter. Teacher Retirement System of Texas now owns 3,570 shares of the industrial products company’s stock worth $291,000 after buying an additional 39 shares during the period. Synovus Financial Corp raised 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 period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Regal Beloit Corporation by 1.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,704 shares of the industrial products company’s stock worth $710,000 after buying an additional 139 shares during the period. Finally, Ameritas Investment Partners Inc. raised its stake in shares of Regal Beloit Corporation by 1.6% in the second quarter. Ameritas Investment Partners Inc. now owns 13,409 shares of the industrial products company’s stock worth $1,094,000 after buying an additional 206 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Regal Beloit Corporation (NYSE:RBC) last released its earnings results on Monday, August 7th. The industrial products company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the firm posted $1.14 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a $0.26 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.04 annualized dividend and a yield of 1.28%. Regal Beloit Corporation’s payout ratio is 22.96%.

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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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