Regal Beloit Corp. (NYSE:RBC) saw an uptick in trading volume on Tuesday . 535,962 shares changed hands during trading, an increase of 46% from the previous session’s volume of 368,232 shares.The stock last traded at $60.95 and had previously closed at $61.22.

Several research firms have weighed in on RBC. Wunderlich downgraded Regal Beloit Corp. from a “buy” rating to a “hold” rating and set a $67.50 price target for the company. in a research report on Wednesday, April 20th. Goldman Sachs Group Inc. downgraded Regal Beloit Corp. from a “neutral” rating to a “sell” rating and set a $62.00 price target for the company. in a research report on Thursday, April 28th. KeyCorp downgraded Regal Beloit Corp. to a “buy” rating in a research report on Sunday, April 17th. Zacks Investment Research raised Regal Beloit Corp. from a “sell” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Tuesday, April 12th. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $63.00 price target on shares of Regal Beloit Corp. in a research report on Tuesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. Regal Beloit Corp. presently has a consensus rating of “Hold” and a consensus price target of $64.25.

The firm’s 50-day moving average price is $58.33 and its 200 day moving average price is $58.78. The stock has a market cap of $2.73 billion and a PE ratio of 18.53.

Regal Beloit Corp. (NYSE:RBC) last released its earnings results on Monday, August 8th. The company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by $0.10. The business earned $838.60 million during the quarter, compared to analysts’ expectations of $857.88 million. During the same period last year, the business earned $1.53 EPS. Regal Beloit Corp.’s revenue for the quarter was down 11.0% compared to the same quarter last year. On average, equities analysts forecast that Regal Beloit Corp. will post $4.52 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.24 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.96 dividend on an annualized basis and a yield of 1.57%.

Several hedge funds and institutional investors recently bought and sold shares of the stock. Oarsman Capital Inc. boosted its position in Regal Beloit Corp. by 138.3% in the fourth quarter. Oarsman Capital Inc. now owns 26,006 shares of the company’s stock valued at $1,522,000 after buying an additional 15,095 shares in the last quarter. Broadview Advisors LLC boosted its position in Regal Beloit Corp. by 1.7% in the fourth quarter. Broadview Advisors LLC now owns 162,225 shares of the company’s stock valued at $9,493,000 after buying an additional 2,650 shares in the last quarter. Bank of Montreal Can boosted its position in Regal Beloit Corp. by 0.5% in the fourth quarter. Bank of Montreal Can now owns 291,443 shares of the company’s stock valued at $17,055,000 after buying an additional 1,339 shares in the last quarter. Foresters Investment Management Company Inc. boosted its position in Regal Beloit Corp. by 0.7% in the fourth quarter. Foresters Investment Management Company Inc. now owns 297,500 shares of the company’s stock valued at $17,410,000 after buying an additional 2,000 shares in the last quarter. Finally, Fiduciary Management Associates LLC boosted its position in Regal Beloit Corp. by 27.2% in the fourth quarter. Fiduciary Management Associates LLC now owns 380,270 shares of the company’s stock valued at $22,253,000 after buying an additional 81,285 shares in 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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