Regal Beloit Corp (RBC) Receives Average Rating of “Hold” from Analysts
Shares of Regal Beloit Corp (NYSE:RBC) have earned an average recommendation of “Hold” from the thirteen research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $86.63.
Several research firms have issued reports on RBC. Zacks Investment Research downgraded Regal Beloit from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine raised Regal Beloit from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Royal Bank of Canada reissued a “buy” rating and issued a $90.00 price target on shares of Regal Beloit in a research note on Tuesday, November 28th. BMO Capital Markets dropped their price target on Regal Beloit from $88.00 to $85.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 7th. Finally, Robert W. Baird reissued a “buy” rating and issued a $88.00 price target on shares of Regal Beloit in a research note on Wednesday, October 4th.
Shares of Regal Beloit (NYSE:RBC) traded up $1.40 during trading on Tuesday, reaching $79.40. The company had a trading volume of 398,963 shares, compared to its average volume of 208,652. The firm has a market cap of $3,517.74, a P/E ratio of 17.26, a PEG ratio of 1.34 and a beta of 1.48. Regal Beloit has a twelve month low of $70.25 and a twelve month high of $87.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.22 and a quick ratio of 1.22.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Thursday, December 28th. Regal Beloit’s payout ratio is 22.61%.
Several hedge funds and other institutional investors have recently made changes to their positions in RBC. Principal Financial Group Inc. grew its holdings in shares of Regal Beloit by 133.4% in the 3rd quarter. Principal Financial Group Inc. now owns 444,149 shares of the industrial products company’s stock valued at $35,088,000 after acquiring an additional 253,888 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Regal Beloit by 16.6% in the 2nd quarter. Northern Trust Corp now owns 612,609 shares of the industrial products company’s stock valued at $49,958,000 after acquiring an additional 87,032 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Regal Beloit by 41.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 254,232 shares of the industrial products company’s stock valued at $20,715,000 after acquiring an additional 74,425 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Regal Beloit by 11.4% in the 3rd quarter. Prudential Financial Inc. now owns 630,849 shares of the industrial products company’s stock valued at $49,837,000 after acquiring an additional 64,750 shares in the last quarter. Finally, APG Asset Management N.V. bought a new position in shares of Regal Beloit in the 3rd quarter valued at about $4,914,000. Institutional investors own 93.81% of the company’s stock.
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About Regal Beloit
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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