Shares of Regal Beloit Corp. (NYSE:RBC) saw an uptick in trading volume on Friday . 411,099 shares changed 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.

Several research firms have recently weighed in on RBC. 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 cut their target price 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 research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Regal Beloit Corp. currently has a consensus rating of “Hold” and an average price target of $66.86.

The firm has a 50 day moving average of $57.10 and a 200 day moving average of $58.11. The stock has a market capitalization of $2.69 billion and a price-to-earnings ratio of 18.21.

Regal Beloit Corp. (NYSE:RBC) last announced its quarterly earnings data on Monday, May 9th. The company reported $0.95 EPS for the quarter, missing the Zacks’ consensus estimate of $1.07 by $0.12. During the same quarter last year, the firm posted $1.21 EPS. The company earned $818.20 million during the quarter, compared to analysts’ expectations of $853.77 million. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. On average, equities analysts predict that Regal Beloit Corp. will post $4.53 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, June 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.60%. This is a boost from Regal Beloit Corp.’s previous quarterly dividend of $0.23.

A number of institutional investors recently made changes to their positions in the company. Rhumbline Advisers increased its position 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. BHF Kleinwort Benson Group S.A. increased its position in shares of Regal Beloit Corp. by 53.4% in the fourth quarter. BHF Kleinwort Benson Group S.A. now owns 99,209 shares of the company’s stock worth $5,806,000 after buying an additional 34,531 shares during the last quarter. Deere & Co. increased its position 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. California State Teachers Retirement System increased its position in shares of Regal Beloit Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 85,536 shares of the company’s stock worth $5,006,000 after buying an additional 1,329 shares during the last quarter. Finally, Retirement Systems of Alabama increased its position 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.

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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