Regal Beloit Corp (RBC) Given Consensus Recommendation of “Hold” by Analysts
Regal Beloit Corp (NYSE:RBC) has earned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $86.63.
Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Regal Beloit from $82.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of Regal Beloit from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Royal Bank of Canada reissued a “buy” rating and issued a $90.00 price objective on shares of Regal Beloit in a research report on Tuesday, November 28th. BMO Capital Markets dropped their price objective on shares of Regal Beloit from $88.00 to $85.00 and set a “market perform” rating for the company in a research report on Tuesday, November 7th. Finally, ValuEngine lowered shares of Regal Beloit from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th.
Shares of Regal Beloit (RBC) traded up $0.05 during mid-day trading on Tuesday, reaching $78.05. 172,000 shares of the company traded hands, compared to its average volume of 277,778. Regal Beloit has a 1 year low of $70.25 and a 1 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. The firm has a market capitalization of $3,480.00, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 1.32 and a beta of 1.48.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, December 28th. Regal Beloit’s payout ratio is currently 22.61%.
Several institutional investors have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. acquired a new stake in Regal Beloit during the 3rd quarter valued at $204,000. M&T Bank Corp acquired a new stake in Regal Beloit during the 2nd quarter valued at $237,000. Magnetar Financial LLC acquired a new stake in Regal Beloit during the 3rd quarter valued at $246,000. Bridgewater Associates LP acquired a new stake in Regal Beloit during the 2nd quarter valued at $248,000. Finally, Oakbrook Investments LLC acquired a new stake in Regal Beloit during the 3rd quarter valued at $261,000. 93.81% of the stock is owned by institutional investors.
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About Regal Beloit
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.
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