Shares of Regal Beloit (NYSE:RBC) have earned a consensus rating of “Hold” from the sixteen brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $86.08.
Several analysts have issued reports on RBC shares. ValuEngine raised shares of Regal Beloit from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Zacks Investment Research raised Regal Beloit from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Tuesday, January 2nd. Seaport Global Securities upgraded Regal Beloit from a “neutral” rating to a “buy” rating and increased their price target for the company from $82.00 to $88.00 in a research report on Wednesday, February 7th. Barrington Research reiterated an “outperform” rating and issued a $87.00 price target on shares of Regal Beloit in a research report on Monday, February 12th. Finally, Barclays started coverage on Regal Beloit in a research report on Thursday, February 15th. They issued an “equal weight” rating and a $80.00 price target for the company.
Several institutional investors have recently made changes to their positions in RBC. Xact Kapitalforvaltning AB acquired a new stake in Regal Beloit in the 4th quarter valued at $354,000. Banco de Sabadell S.A acquired a new stake in shares of Regal Beloit in the fourth quarter valued at approximately $1,140,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Regal Beloit in the fourth quarter valued at approximately $850,000. MetLife Investment Advisors LLC acquired a new stake in shares of Regal Beloit in the fourth quarter valued at approximately $2,147,000. Finally, Vident Investment Advisory LLC lifted its position in shares of Regal Beloit by 6.5% in the fourth quarter. Vident Investment Advisory LLC now owns 32,306 shares of the industrial products company’s stock valued at $2,475,000 after buying an additional 1,969 shares during the last quarter. Institutional investors and hedge funds own 96.70% of the company’s stock.
Regal Beloit (NYSE:RBC) last released its quarterly earnings data on Monday, February 5th. The industrial products company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.13 by $0.01. Regal Beloit had a net margin of 6.34% and a return on equity of 9.64%. The business had revenue of $820.70 million for the quarter, compared to analyst estimates of $794.65 million. During the same period in the previous year, the firm earned $1.04 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. research analysts expect that Regal Beloit will post 5.57 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.04 dividend on an annualized basis and a yield of 1.45%. Regal Beloit’s payout ratio is presently 21.36%.
About Regal Beloit
Regal Beloit Corporation, together with its subsidiaries, designs, manufactures, and sells electric motors, electrical motion controls, and power generation and power transmission products worldwide. It operates through three segments: Commercial and Industrial Systems, Climate Solutions, and Power Transmission Solutions.
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