BMO Capital Markets Raises Regal Beloit (RBC) Price Target to $92.00

Regal Beloit (NYSE:RBC) had its price objective increased by BMO Capital Markets from $89.00 to $92.00 in a research report released on Wednesday. The brokerage currently has a market perform rating on the industrial products company’s stock.

RBC has been the subject of several other reports. Wolfe Research started coverage on shares of Regal Beloit in a research report on Wednesday, June 27th. They set an outperform rating and a $97.00 price objective for the company. Zacks Investment Research cut shares of Regal Beloit from a buy rating to a hold rating in a research report on Wednesday, April 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $88.60.

NYSE RBC traded down $0.75 on Wednesday, hitting $80.60. The company’s stock had a trading volume of 115,767 shares, compared to its average volume of 199,297. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.27 and a current ratio of 2.24. Regal Beloit has a 1-year low of $67.84 and a 1-year high of $86.65. The stock has a market cap of $3.54 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 1.37 and a beta of 1.51.



Regal Beloit (NYSE:RBC) last announced its quarterly earnings results on Monday, August 6th. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.01. Regal Beloit had a net margin of 6.77% and a return on equity of 10.30%. The firm had revenue of $959.70 million during the quarter, compared to analysts’ expectations of $953.65 million. During the same period in the prior year, the company posted $1.29 EPS. The company’s revenue was up 10.4% on a year-over-year basis. analysts predict that Regal Beloit will post 5.92 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Friday, September 28th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Thursday, September 27th. Regal Beloit’s payout ratio is 23.00%.

A number of large investors have recently bought and sold shares of the business. Piermont Capital Management Inc. grew its holdings in Regal Beloit by 2.3% in the first quarter. Piermont Capital Management Inc. now owns 30,980 shares of the industrial products company’s stock worth $2,272,000 after purchasing an additional 690 shares during the period. Regentatlantic Capital LLC lifted its position in shares of Regal Beloit by 22.9% during the second quarter. Regentatlantic Capital LLC now owns 3,705 shares of the industrial products company’s stock valued at $303,000 after purchasing an additional 690 shares in the last quarter. Swiss National Bank lifted its position in shares of Regal Beloit by 1.0% during the first quarter. Swiss National Bank now owns 77,522 shares of the industrial products company’s stock valued at $5,686,000 after purchasing an additional 800 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Regal Beloit by 1.6% during the second quarter. State Board of Administration of Florida Retirement System now owns 52,308 shares of the industrial products company’s stock valued at $4,279,000 after purchasing an additional 800 shares in the last quarter. Finally, Brinker Capital Inc. lifted its position in shares of Regal Beloit by 7.8% during the first quarter. Brinker Capital Inc. now owns 11,101 shares of the industrial products company’s stock valued at $814,000 after purchasing an additional 804 shares in the last quarter. Institutional investors and hedge funds own 94.19% of the company’s stock.

Regal Beloit Company Profile

Regal Beloit Corporation, together with its subsidiaries, designs, manufactures, and sells electric motors, electrical motion controls, and power generation and power transmission products worldwide. It operates through three segments: Commercial and Industrial Systems, Climate Solutions, and Power Transmission Solutions.

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Analyst Recommendations for Regal Beloit (NYSE:RBC)

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