Regal Beloit (RBC) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Regal Beloit (NYSE:RBC) from a hold rating to a buy rating in a report released on Tuesday morning.

Several other brokerages also recently issued reports on RBC. Stifel Nicolaus reiterated a hold rating and issued a $85.00 price objective on shares of Regal Beloit in a research report on Tuesday, August 22nd. BidaskClub cut Regal Beloit from a sell rating to a strong sell rating in a research note on Tuesday, August 22nd. Robert W. Baird reissued a buy rating and issued a $88.00 target price on shares of Regal Beloit in a research note on Wednesday, October 4th. Royal Bank of Canada reissued a buy rating on shares of Regal Beloit in a research note on Monday, November 6th. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $86.63.

Shares of Regal Beloit (NYSE:RBC) traded down $0.90 on Tuesday, reaching $78.00. The company’s stock had a trading volume of 177,900 shares, compared to its average volume of 248,984. 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 has a 52-week low of $68.30 and a 52-week high of $87.50. The company has a market cap of $3,495.59, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.48.

Regal Beloit (NYSE:RBC) last issued its quarterly earnings data on Monday, November 6th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.01). Regal Beloit had a net margin of 6.28% and a return on equity of 9.76%. The business had revenue of $857.00 million during the quarter, compared to the consensus estimate of $837.19 million. During the same quarter in the previous year, the firm posted $1.31 EPS. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. sell-side analysts forecast that Regal Beloit will post 4.87 EPS for the current fiscal 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 1.33%. Regal Beloit’s dividend payout ratio (DPR) is presently 22.61%.

Institutional 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 second quarter. Prudential Financial Inc. now owns 566,099 shares of the industrial products company’s stock worth $46,165,000 after purchasing 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 second quarter. Seizert Capital Partners LLC now owns 68,556 shares of the industrial products company’s stock worth $5,591,000 after purchasing an additional 16,718 shares during the period. Vanguard Group Inc. grew its stake in shares of Regal Beloit by 1.4% during the second quarter. Vanguard Group Inc. now owns 4,046,576 shares of the industrial products company’s stock worth $329,998,000 after purchasing 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 third quarter. Profit Investment Management LLC now owns 21,104 shares of the industrial products company’s stock worth $1,667,000 after purchasing 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 second quarter. Russell Investments Group Ltd. now owns 36,238 shares of the industrial products company’s stock worth $2,959,000 after purchasing an additional 27,737 shares during the period. 93.81% of the stock is owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Regal Beloit (NYSE:RBC)

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