Regal Beloit Corp. (NYSE:RBC) shares saw strong trading volume on Friday . 411,099 shares traded hands during trading, a decline of 1% from the previous session’s volume of 415,293 shares.The stock last traded at $59.97 and had previously closed at $59.81.

A number of equities research analysts recently issued reports on the company. Credit Suisse Group AG reissued a “buy” rating on shares of Regal Beloit Corp. in a research report on Saturday, July 9th. Jefferies Group reissued a “hold” rating on shares of Regal Beloit Corp. in a research report on Friday, July 1st. TheStreet downgraded Regal Beloit Corp. from a “buy” rating to a “hold” rating in a research report on Monday, June 20th. Zacks Investment Research downgraded Regal Beloit Corp. from a “hold” rating to a “sell” rating in a research report on Friday, May 13th. Finally, Wunderlich reduced their price target on Regal Beloit Corp. from $67.50 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, May 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $66.86.

The firm’s 50 day moving average is $57.10 and its 200-day moving average is $58.11. The stock has a market cap of $2.69 billion and a P/E ratio of 18.21.

Regal Beloit Corp. (NYSE:RBC) last issued its earnings results on Monday, May 9th. The company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by $0.12. The business had revenue of $818.20 million for the quarter, compared to analyst estimates of $853.77 million. During the same quarter last year, the firm earned $1.21 earnings per share. Regal Beloit Corp.’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, analysts forecast that Regal Beloit Corp. will post $4.53 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, July 1st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This is an increase from Regal Beloit Corp.’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 1.60%.

A number of large investors have modified their holdings of RBC. Cornercap Investment Counsel Inc. boosted its stake in shares of Regal Beloit Corp. by 53.5% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 21,590 shares of the company’s stock worth $1,264,000 after buying an additional 7,525 shares during the last quarter. Deere & Co. boosted its stake in shares of Regal Beloit Corp. by 10.7% in the fourth quarter. Deere & Co. now owns 30,707 shares of the company’s stock worth $1,797,000 after buying an additional 2,969 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Regal Beloit Corp. by 0.9% in the fourth quarter. Retirement Systems of Alabama now owns 57,388 shares of the company’s stock worth $3,358,000 after buying an additional 525 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Regal Beloit Corp. by 0.8% in the fourth quarter. Rhumbline Advisers now owns 63,326 shares of the company’s stock worth $3,706,000 after buying an additional 525 shares during the last quarter. Finally, Comerica Bank boosted its stake in shares of Regal Beloit Corp. by 8.3% in the fourth quarter. Comerica Bank now owns 90,694 shares of the company’s stock worth $4,868,000 after buying an additional 6,935 shares during the last quarter.

Regal Beloit Corporation is a manufacturer of electric motors and controls, electric generators and controls, and power transmission products. The Company operates through three segments: Commercial and Industrial Systems, Climate Solutions and Power Transmission Solutions. Its Commercial and Industrial Systems segment produces medium and large motors, commercial and industrial equipment, generator and custom drives and systems serving commercial heating, ventilation and air conditioning (HVAC), and power and oil and gas systems.

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