BMO Capital Markets Trims Regal Beloit Corporation (RBC) Target Price to $85.00

Regal Beloit Corporation (NYSE:RBC) had its price objective reduced by BMO Capital Markets from $88.00 to $85.00 in a report issued on Tuesday, November 7th. They currently have a market perform rating on the industrial products company’s stock.

Several other equities analysts have also issued reports on RBC. Morgan Stanley lifted their price target on Regal Beloit from $82.00 to $87.00 and gave the stock an equal weight rating in a research report on Monday, October 2nd. Zacks Investment Research lowered Regal Beloit from a buy rating to a hold rating in a research report on Thursday, August 10th. BidaskClub lowered Regal Beloit from a hold rating to a sell rating in a research report on Thursday, August 3rd. Stifel Nicolaus reissued a hold rating and issued a $85.00 target price on shares of Regal Beloit in a research report on Tuesday, August 22nd. Finally, Jefferies Group LLC reissued a hold rating and issued a $80.00 target price on shares of Regal Beloit in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $86.14.

Shares of Regal Beloit (NYSE RBC) traded down $0.30 during mid-day trading on Tuesday, hitting $75.80. 66,226 shares of the stock were exchanged, compared to its average volume of 272,450. Regal Beloit has a 1 year low of $68.30 and a 1 year high of $87.50. The company has a market cap of $3,358.24, a PE ratio of 15.89, a PEG ratio of 1.41 and a beta of 1.50. The company has a current ratio of 2.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.48.

Regal Beloit (NYSE:RBC) last announced its earnings results on Monday, November 6th. The industrial products company reported $1.37 EPS for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.01). The business had revenue of $857.00 million for the quarter, compared to the consensus estimate of $837.19 million. Regal Beloit had a net margin of 7.42% and a return on equity of 11.15%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 EPS. equities research analysts expect that Regal Beloit will post 4.88 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.37%. Regal Beloit’s dividend payout ratio (DPR) is presently 22.61%.

Large investors have recently made changes to their positions in the stock. Prudential Financial Inc. grew its stake in shares of Regal Beloit by 1.8% during the 2nd quarter. Prudential Financial Inc. now owns 566,099 shares of the industrial products company’s stock valued at $46,165,000 after acquiring an additional 10,131 shares during the period. Seizert Capital Partners LLC grew its stake in shares of Regal Beloit by 32.3% during the 2nd quarter. Seizert Capital Partners LLC now owns 68,556 shares of the industrial products company’s stock valued at $5,591,000 after acquiring an additional 16,718 shares during the period. Vanguard Group Inc. grew its stake in shares of Regal Beloit by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,046,576 shares of the industrial products company’s stock valued at $329,998,000 after acquiring an additional 54,435 shares during the period. Profit Investment Management LLC grew its stake in shares of Regal Beloit by 64.0% during the 3rd quarter. Profit Investment Management LLC now owns 21,104 shares of the industrial products company’s stock valued at $1,667,000 after acquiring an additional 8,234 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Regal Beloit by 326.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 36,238 shares of the industrial products company’s stock valued at $2,959,000 after acquiring an additional 27,737 shares during the period. Institutional investors own 92.75% of the company’s stock.

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Regal Beloit Company 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.

Analyst Recommendations for Regal Beloit (NYSE:RBC)

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