Investors Buy Regal Beloit Corporation (RBC) on Weakness After Insider Selling

Traders bought shares of Regal Beloit Corporation (NYSE:RBC) on weakness during trading hours on Wednesday following insider selling activity. $12.99 million flowed into the stock on the tick-up and $3.59 million flowed out of the stock on the tick-down, for a money net flow of $9.40 million into the stock. Of all equities tracked, Regal Beloit Corporation had the 12th highest net in-flow for the day. Regal Beloit Corporation traded down ($0.35) for the day and closed at $84.20Specifically, Director Henry W. Knueppel sold 10,000 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $305,532. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Henry W. Knueppel sold 20,000 shares of the company’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $85.00, for a total transaction of $1,700,000.00. Following the completion of the sale, the director now owns 3,726 shares of the company’s stock, valued at approximately $316,710. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,463 shares of company stock valued at $3,677,364. 2.20% of the stock is owned by corporate insiders.

A number of analysts recently commented on the stock. BidaskClub cut shares of Regal Beloit Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Regal Beloit Corporation from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Tuesday, June 6th. Jefferies Group LLC restated a “hold” rating and issued a $80.00 price objective on shares of Regal Beloit Corporation in a research report on Friday, July 14th. CIBC upgraded Regal Beloit Corporation from a “market perform” rating to an “outperform” rating in a report on Friday, May 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $85.00 target price on shares of Regal Beloit Corporation in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $83.00.

The company has a market capitalization of $3.63 billion, a P/E ratio of 17.57 and a beta of 1.52. The firm’s 50-day moving average is $82.72 and its 200 day moving average is $77.94.

Regal Beloit Corporation (NYSE:RBC) last posted its earnings results on Monday, August 7th. The industrial products company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. The company had revenue of $869.20 million during the quarter, compared to the consensus estimate of $854.66 million. Regal Beloit Corporation had a net margin of 6.46% and a return on equity of 9.80%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 earnings per share. On average, equities analysts expect that Regal Beloit Corporation will post $4.86 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, September 28th. Regal Beloit Corporation’s payout ratio is presently 22.56%.

Several large investors have recently bought and sold shares of the company. Tyers Asset Management LLC increased its stake in Regal Beloit Corporation by 47.7% in the first quarter. Tyers Asset Management LLC now owns 2,080 shares of the industrial products company’s stock valued at $157,000 after buying an additional 672 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Regal Beloit Corporation by 5.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,514 shares of the industrial products company’s stock valued at $191,000 after buying an additional 134 shares during the last quarter. World Asset Management Inc acquired a new stake in Regal Beloit Corporation during the first quarter valued at approximately $207,000. Airain ltd acquired a new stake in Regal Beloit Corporation during the second quarter valued at approximately $224,000. Finally, Elkfork Partners LLC increased its stake in shares of Regal Beloit Corporation by 47.7% in the first quarter. Elkfork Partners LLC now owns 2,860 shares of the industrial products company’s stock worth $216,000 after buying an additional 924 shares during the last quarter. 93.70% of the stock is owned by institutional investors.

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About Regal Beloit Corporation

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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