Regal Beloit Corp (RBC) Receives $86.78 Consensus Target Price from Analysts

Shares of Regal Beloit Corp (NYSE:RBC) have received an average rating of “Buy” from the sixteen analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $86.08.

A number of brokerages have issued reports on RBC. Barclays began coverage on Regal Beloit in a report on Thursday. They set an “equal weight” rating and a $80.00 target price on the stock. Zacks Investment Research upgraded Regal Beloit from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday. Barrington Research reiterated an “outperform” rating and set a $87.00 price objective on shares of Regal Beloit in a report on Monday. Seaport Global Securities upgraded Regal Beloit from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $82.00 to $88.00 in a report on Wednesday, February 7th. Finally, ValuEngine upgraded Regal Beloit from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th.

Several large investors have recently added to or reduced their stakes in RBC. Ameritas Investment Partners Inc. raised its position in Regal Beloit by 1.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,409 shares of the industrial products company’s stock valued at $1,094,000 after buying an additional 206 shares during the last quarter. Aperio Group LLC raised its position in Regal Beloit by 4.8% in the 3rd quarter. Aperio Group LLC now owns 14,965 shares of the industrial products company’s stock valued at $1,182,000 after buying an additional 684 shares during the last quarter. American Century Companies Inc. raised its position in Regal Beloit by 1.0% in the 3rd quarter. American Century Companies Inc. now owns 72,201 shares of the industrial products company’s stock valued at $5,704,000 after buying an additional 750 shares during the last quarter. Alpha Windward LLC raised its position in Regal Beloit by 16.6% in the 4th quarter. Alpha Windward LLC now owns 7,136 shares of the industrial products company’s stock valued at $547,000 after buying an additional 1,016 shares during the last quarter. Finally, Lingohr & Partner Asset Management GmbH raised its position in Regal Beloit by 5.9% in the 4th quarter. Lingohr & Partner Asset Management GmbH now owns 19,847 shares of the industrial products company’s stock valued at $1,520,000 after buying an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 94.75% of the company’s stock.

Shares of Regal Beloit (NYSE RBC) traded down $0.15 on Friday, reaching $75.45. The company’s stock had a trading volume of 60,099 shares, compared to its average volume of 346,168. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 2.21. Regal Beloit has a 12-month low of $71.05 and a 12-month high of $87.50. The company has a market capitalization of $3,298.43, a PE ratio of 15.95, a P/E/G ratio of 1.21 and a beta of 1.44.

Regal Beloit (NYSE:RBC) last issued its earnings results on Monday, February 5th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.01. Regal Beloit had a return on equity of 9.64% and a net margin of 6.34%. The firm had revenue of $820.70 million for the quarter, compared to analysts’ expectations of $794.65 million. During the same quarter last year, the business earned $1.04 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year. equities analysts expect that Regal Beloit will post 5.58 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, March 28th. Regal Beloit’s dividend payout ratio (DPR) is presently 21.94%.

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Regal Beloit 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 (NYSE:RBC)

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