Regal Beloit Corp (RBC) Shares Bought by Profit Investment Management LLC

Profit Investment Management LLC raised its stake in Regal Beloit Corp (NYSE:RBC) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,574 shares of the industrial products company’s stock after buying an additional 1,470 shares during the period. Profit Investment Management LLC owned about 0.05% of Regal Beloit worth $1,729,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Regal Beloit by 1.2% in the 2nd quarter. BlackRock Inc. now owns 4,089,676 shares of the industrial products company’s stock worth $333,515,000 after buying an additional 47,514 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Regal Beloit by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 4,046,576 shares of the industrial products company’s stock worth $329,998,000 after buying an additional 54,435 shares during the last quarter. State Street Corp increased its holdings in shares of Regal Beloit by 2.2% in the 2nd quarter. State Street Corp now owns 1,163,293 shares of the industrial products company’s stock worth $94,869,000 after buying an additional 24,844 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Regal Beloit by 1.8% in the 2nd quarter. Voya Investment Management LLC now owns 655,475 shares of the industrial products company’s stock worth $53,455,000 after buying an additional 11,400 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Regal Beloit by 2.2% in the 3rd quarter. Fisher Asset Management LLC now owns 642,326 shares of the industrial products company’s stock worth $50,744,000 after buying an additional 13,942 shares during the last quarter. 93.81% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on RBC shares. Royal Bank of Canada reissued a “buy” rating and issued a $90.00 price target on shares of Regal Beloit in a report on Tuesday, November 28th. ValuEngine raised shares of Regal Beloit from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Robert W. Baird reaffirmed a “buy” rating and set a $88.00 target price on shares of Regal Beloit in a report on Wednesday, October 4th. Zacks Investment Research raised shares of Regal Beloit from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Tuesday, January 2nd. Finally, BMO Capital Markets reduced their target price on shares of Regal Beloit from $88.00 to $85.00 and set a “market perform” rating on the stock in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $86.56.

Shares of Regal Beloit Corp (RBC) traded up $0.40 on Wednesday, reaching $78.45. 293,900 shares of the company’s stock traded hands, compared to its average volume of 279,390. The stock has a market cap of $3,457.93, a PE ratio of 17.05, a P/E/G ratio of 1.32 and a beta of 1.48. The company has a quick ratio of 1.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.48. Regal Beloit Corp has a fifty-two week low of $70.25 and a fifty-two week high of $87.50.

Regal Beloit (NYSE:RBC) last announced its quarterly earnings results on Monday, November 6th. The industrial products company reported $1.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.01). The firm had revenue of $857.00 million for the quarter, compared to analysts’ expectations of $837.19 million. Regal Beloit had a net margin of 6.28% and a return on equity of 9.76%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.31 EPS. analysts predict that Regal Beloit Corp will post 4.87 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.04 annualized dividend and a yield of 1.33%. Regal Beloit’s payout ratio is currently 22.61%.

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Regal Beloit Profile

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 (NYSE:RBC)

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