Regal Beloit Corp (RBC) Receives Consensus Rating of “Buy” from Brokerages

Shares of Regal Beloit Corp (NYSE:RBC) have earned an average rating of “Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $86.08.

A number of brokerages have recently weighed in on RBC. Royal Bank of Canada restated a “buy” rating on shares of Regal Beloit in a research note on Monday, November 6th. Zacks Investment Research lowered Regal Beloit from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine upgraded Regal Beloit from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. BMO Capital Markets lowered their target price on Regal Beloit from $88.00 to $85.00 and set a “market perform” rating for the company in a research note on Tuesday, November 7th. Finally, Seaport Global Securities upgraded Regal Beloit from a “neutral” rating to a “buy” rating and raised their target price for the company from $82.00 to $88.00 in a research note on Wednesday, February 7th.

Regal Beloit (RBC) traded down $0.15 during trading on Friday, reaching $75.45. The company’s stock had a trading volume of 60,099 shares, compared to its average volume of 346,168. The company has a quick ratio of 1.15, a current ratio of 2.21 and a debt-to-equity ratio of 0.44. Regal Beloit has a 1 year low of $71.05 and a 1 year high of $87.50. The firm has a market capitalization of $3,298.43, a price-to-earnings ratio of 15.95, a P/E/G ratio of 1.21 and a beta of 1.44.

Regal Beloit (NYSE:RBC) last announced its earnings results on Monday, February 5th. The industrial products company reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.01. Regal Beloit had a return on equity of 9.64% and a net margin of 6.34%. The company had revenue of $820.70 million during the quarter, compared to analyst estimates of $794.65 million. During the same period last year, the company posted $1.04 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. sell-side analysts forecast that Regal Beloit will post 5.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be given a $0.26 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.04 dividend on an annualized basis and a yield of 1.38%. Regal Beloit’s payout ratio is 21.94%.

Hedge funds have recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. acquired a new stake in Regal Beloit in the fourth quarter worth about $100,000. Tower Research Capital LLC TRC increased its position in Regal Beloit by 2,200.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,300 shares of the industrial products company’s stock worth $176,000 after purchasing an additional 2,200 shares during the period. State of Alaska Department of Revenue acquired a new stake in Regal Beloit in the fourth quarter worth about $199,000. Pinebridge Investments L.P. acquired a new stake in Regal Beloit in the third quarter worth about $204,000. Finally, M&T Bank Corp acquired a new stake in Regal Beloit in the second quarter worth about $237,000. Hedge funds and other institutional investors own 94.75% 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.

Analyst Recommendations for Regal Beloit (NYSE:RBC)

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