Axa Has $8.72 Million Position in Regal Beloit Corporation (RBC)

Axa lifted its position in Regal Beloit Corporation (NYSE:RBC) by 7.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,400 shares of the industrial products company’s stock after acquiring an additional 7,770 shares during the period. Axa owned approximately 0.25% of Regal Beloit worth $8,722,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Prudential Financial Inc. raised its holdings in Regal Beloit by 1.8% during the 2nd quarter. Prudential Financial Inc. now owns 566,099 shares of the industrial products company’s stock worth $46,165,000 after buying an additional 10,131 shares during the period. Seizert Capital Partners LLC raised its holdings in 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 worth $5,591,000 after buying an additional 16,718 shares during the period. Vanguard Group Inc. raised its holdings in 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 worth $329,998,000 after buying an additional 54,435 shares during the period. Profit Investment Management LLC raised its holdings in 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 worth $1,667,000 after buying an additional 8,234 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in Regal Beloit by 1.1% during the 2nd quarter. New York State Common Retirement Fund now owns 114,606 shares of the industrial products company’s stock worth $9,346,000 after buying an additional 1,299 shares during the period. Institutional investors and hedge funds own 93.81% of the company’s stock.

Several analysts have commented on the stock. Morgan Stanley raised their target price on shares of Regal Beloit from $82.00 to $87.00 and gave the stock an “equal weight” rating in a report on Monday, October 2nd. Royal Bank of Canada restated a “buy” rating and set a $90.00 target price on shares of Regal Beloit in a report on Tuesday, November 28th. BMO Capital Markets dropped 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. ValuEngine downgraded shares of Regal Beloit from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Robert W. Baird restated a “buy” rating and set a $88.00 target price on shares of Regal Beloit in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Regal Beloit currently has a consensus rating of “Hold” and a consensus target price of $86.63.

Regal Beloit Corporation (NYSE RBC) opened at $77.50 on Friday. The firm has a market cap of $3,455.71, a P/E ratio of 16.35, a PEG ratio of 1.46 and a beta of 1.48. Regal Beloit Corporation has a 52 week low of $68.30 and a 52 week high of $87.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.22 and a current ratio of 2.22.

Regal Beloit (NYSE:RBC) last issued its quarterly earnings results on Monday, November 6th. The industrial products company reported $1.37 earnings per share for the quarter, missing the 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 return on equity of 9.76% and a net margin of 6.28%. Regal Beloit’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.31 earnings per share. equities research analysts predict that Regal Beloit Corporation will post 4.87 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.34%. Regal Beloit’s dividend payout ratio is currently 22.61%.

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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.

Institutional Ownership by Quarter for Regal Beloit (NYSE:RBC)

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