Foundry Partners LLC raised its position in shares of Regal Beloit Corporation (NYSE:RBC) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,084 shares of the industrial products company’s stock after buying an additional 8,190 shares during the period. Foundry Partners LLC’s holdings in Regal Beloit Corporation were worth $14,686,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in RBC. Profit Investment Management LLC increased its position in shares of Regal Beloit Corporation by 34.1% in the first quarter. Profit Investment Management LLC now owns 16,060 shares of the industrial products company’s stock worth $1,215,000 after buying an additional 4,080 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of Regal Beloit Corporation by 15.1% in the first quarter. First Mercantile Trust Co. now owns 4,810 shares of the industrial products company’s stock worth $364,000 after buying an additional 630 shares during the last quarter. First Quadrant L P CA increased its position in shares of Regal Beloit Corporation by 138.0% in the first quarter. First Quadrant L P CA now owns 127,211 shares of the industrial products company’s stock worth $9,624,000 after buying an additional 73,755 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in shares of Regal Beloit Corporation by 47.7% in the first quarter. Glen Harbor Capital Management LLC now owns 4,420 shares of the industrial products company’s stock worth $335,000 after buying an additional 1,428 shares during the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of Regal Beloit Corporation during the first quarter worth about $321,000. 93.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Regal Beloit Corporation (RBC) opened at 79.05 on Friday. The company’s 50-day moving average price is $82.95 and its 200-day moving average price is $78.34. Regal Beloit Corporation has a 52-week low of $56.45 and a 52-week high of $87.50. The stock has a market cap of $3.54 billion, a PE ratio of 17.15 and a beta of 1.52.

Regal Beloit Corporation (NYSE:RBC) last issued its quarterly earnings results on Monday, August 7th. The industrial products company reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.01. Regal Beloit Corporation had a return on equity of 9.88% and a net margin of 6.29%. The company had revenue of $869.20 million during the quarter, compared to analysts’ expectations of $854.66 million. During the same quarter in the previous year, the firm posted $1.14 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts forecast that Regal Beloit Corporation will post $4.87 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders 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 1.32%. Regal Beloit Corporation’s dividend payout ratio is currently 22.96%.

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A number of brokerages have recently issued reports on RBC. BidaskClub downgraded Regal Beloit Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $85.00 price target on shares of Regal Beloit Corporation in a report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $80.00 price target on shares of Regal Beloit Corporation in a report on Friday, July 14th. Wolfe Research began coverage on Regal Beloit Corporation in a report on Tuesday, July 11th. They set a “market perform” rating on the stock. Finally, Zacks Investment Research downgraded Regal Beloit Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $83.00.

In other Regal Beloit Corporation news, Director Henry W. Knueppel sold 10,000 shares of Regal Beloit Corporation stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $82.00, for a total transaction of $820,000.00. Following the completion of the sale, the director now owns 3,726 shares of the company’s stock, valued at approximately $305,532. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Henry W. Knueppel sold 20,000 shares of Regal Beloit Corporation stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $85.00, for a total value of $1,700,000.00. Following the sale, the director now directly owns 3,726 shares of the company’s stock, valued at approximately $316,710. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,663 shares of company stock valued at $2,813,040. 2.20% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for Regal Beloit Corporation (NYSE:RBC)

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