Regal Beloit Corporation (NYSE:RBC) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada reissued a “buy” rating on shares of Regal Beloit Corporation in a report on Monday, November 6th. Robert W. Baird reissued a “buy” rating and set a $88.00 price target on shares of Regal Beloit Corporation in a report on Wednesday, October 4th. Morgan Stanley lifted their price target on shares of Regal Beloit Corporation from $82.00 to $87.00 and gave the company an “equal weight” rating in a report on Monday, October 2nd. BidaskClub downgraded shares of Regal Beloit Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $85.00 price target on shares of Regal Beloit Corporation in a report on Wednesday, July 19th. One 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. The stock currently has an average rating of “Hold” and an average target price of $86.14.

Regal Beloit Corporation (NYSE RBC) traded down $0.90 during trading hours on Wednesday, hitting $75.50. 213,000 shares of the stock were exchanged, compared to its average volume of 249,076. The company has a market cap of $3,384.83, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 1.43 and a beta of 1.50. Regal Beloit Corporation has a one year low of $68.00 and a one year high of $87.50. The company has a quick ratio of 1.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.48.

Regal Beloit Corporation (NYSE:RBC) last released its quarterly earnings data on Monday, November 6th. The industrial products company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). The business had revenue of $857.00 million for the quarter, compared to the consensus estimate of $837.19 million. Regal Beloit Corporation had a return on equity of 9.76% and a net margin of 6.28%. Regal Beloit Corporation’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.31 earnings per share. equities research analysts predict that Regal Beloit Corporation will post 4.87 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the company. Prudential Financial Inc. grew its position in shares of Regal Beloit Corporation by 1.8% during the 2nd quarter. Prudential Financial Inc. now owns 566,099 shares of the industrial products company’s stock worth $46,165,000 after buying an additional 10,131 shares during the period. Seizert Capital Partners LLC grew its position in shares of Regal Beloit Corporation by 32.3% during the 2nd quarter. Seizert Capital Partners LLC now owns 68,556 shares of the industrial products company’s stock worth $5,591,000 after buying an additional 16,718 shares during the period. Vanguard Group Inc. grew its position in shares of Regal Beloit Corporation by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,046,576 shares of the industrial products company’s stock worth $329,998,000 after buying an additional 54,435 shares during the period. Russell Investments Group Ltd. grew its position in shares of Regal Beloit Corporation by 326.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 36,238 shares of the industrial products company’s stock worth $2,959,000 after buying an additional 27,737 shares during the period. Finally, New York State Common Retirement Fund grew its position in shares of Regal Beloit Corporation by 1.1% during the 2nd quarter. New York State Common Retirement Fund now owns 114,606 shares of the industrial products company’s stock worth $9,346,000 after buying an additional 1,299 shares during the period. Institutional investors own 93.01% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Regal Beloit Corporation (NYSE:RBC)

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