BidaskClub cut shares of Regal Beloit Corporation (NYSE:RBC) from a hold rating to a sell rating in a report released on Thursday.

RBC has been the subject of several other reports. Zacks Investment Research downgraded shares of Regal Beloit Corporation from a buy rating to a hold rating in a research note on Monday, May 29th. CIBC upgraded shares of Regal Beloit Corporation from a market perform rating to an outperform rating in a research note on Friday, May 5th. Jefferies Group LLC reiterated a hold rating and set a $73.00 price objective on shares of Regal Beloit Corporation in a research note on Tuesday, April 18th. Stifel Nicolaus reiterated a hold rating and set a $85.00 price objective on shares of Regal Beloit Corporation in a research note on Wednesday, July 19th. Finally, Credit Suisse Group reiterated a buy rating and set a $88.00 price objective on shares of Regal Beloit Corporation in a research note on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $83.00.

Regal Beloit Corporation (NYSE:RBC) traded up 0.66% during trading on Thursday, reaching $83.95. The company had a trading volume of 326,978 shares. Regal Beloit Corporation has a 12-month low of $56.45 and a 12-month high of $87.50. The stock has a 50 day moving average of $82.72 and a 200-day moving average of $77.94. The stock has a market capitalization of $3.76 billion, a P/E ratio of 18.21 and a beta of 1.52.

Regal Beloit Corporation (NYSE:RBC) last posted its quarterly earnings data on Monday, May 8th. The industrial products company reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.12. Regal Beloit Corporation had a net margin of 6.46% and a return on equity of 9.80%. The business had revenue of $813.50 million during the quarter, compared to the consensus estimate of $807.40 million. During the same period in the previous year, the firm posted $0.95 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts forecast that Regal Beloit Corporation will post $4.86 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.04 dividend on an annualized basis and a yield of 1.24%. Regal Beloit Corporation’s dividend payout ratio is presently 22.56%.

In related news, Director Henry W. Knueppel sold 20,000 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $85.00, for a total transaction of $1,700,000.00. Following the completion of the transaction, the director now directly owns 3,726 shares in the company, valued at $316,710. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Henry W. Knueppel sold 10,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $82.00, for a total transaction of $820,000.00. Following the transaction, the director now owns 3,726 shares of the company’s stock, valued at $305,532. The disclosure for this sale can be found here. Insiders have sold 44,463 shares of company stock valued at $3,677,364 over the last 90 days. 2.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of RBC. BlackRock Inc. increased its position in Regal Beloit Corporation by 12,739.2% in the first quarter. BlackRock Inc. now owns 4,042,162 shares of the industrial products company’s stock worth $305,789,000 after buying an additional 4,010,679 shares in the last quarter. Vanguard Group Inc. boosted its position in Regal Beloit Corporation by 6.8% in the first quarter. Vanguard Group Inc. now owns 3,992,141 shares of the industrial products company’s stock worth $302,006,000 after buying an additional 253,058 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Regal Beloit Corporation by 10.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,519,036 shares of the industrial products company’s stock worth $190,565,000 after buying an additional 233,454 shares during the last quarter. Alliancebernstein L.P. boosted its position in Regal Beloit Corporation by 19.1% in the first quarter. Alliancebernstein L.P. now owns 1,438,609 shares of the industrial products company’s stock worth $108,831,000 after buying an additional 231,211 shares during the last quarter. Finally, State Street Corp boosted its position in Regal Beloit Corporation by 3.7% in the first quarter. State Street Corp now owns 1,138,449 shares of the industrial products company’s stock worth $86,125,000 after buying an additional 40,232 shares during the last quarter. Institutional investors own 93.85% of the company’s stock.

About Regal Beloit Corporation

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 Corporation (NYSE:RBC)

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