Keeley Teton Advisors LLC decreased its holdings in shares of Regal Beloit Corp (NYSE:RBC) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,750 shares of the industrial products company’s stock after selling 1,900 shares during the period. Keeley Teton Advisors LLC’s holdings in Regal Beloit were worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Regal Beloit during the 4th quarter valued at approximately $100,000. Tower Research Capital LLC TRC lifted its position in shares of Regal Beloit by 2,200.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,300 shares of the industrial products company’s stock valued at $176,000 after buying an additional 2,200 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in shares of Regal Beloit during the 3rd quarter valued at approximately $204,000. State of Alaska Department of Revenue purchased a new position in shares of Regal Beloit during the 4th quarter valued at approximately $199,000. Finally, Magnetar Financial LLC purchased a new position in shares of Regal Beloit during the 3rd quarter valued at approximately $246,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.
RBC has been the topic of a number of recent analyst reports. ValuEngine upgraded Regal Beloit from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Zacks Investment Research upgraded Regal Beloit from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Tuesday, January 2nd. Seaport Global Securities upgraded Regal Beloit from a “neutral” rating to a “buy” rating and increased their target price for the company from $82.00 to $88.00 in a research report on Wednesday, February 7th. Royal Bank of Canada restated a “buy” rating and issued a $90.00 price objective on shares of Regal Beloit in a report on Tuesday, November 28th. Finally, Barrington Research restated an “outperform” rating and issued a $87.00 price objective on shares of Regal Beloit in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Regal Beloit presently has an average rating of “Hold” and a consensus target price of $86.08.
Regal Beloit (NYSE:RBC) last announced its quarterly earnings data on Monday, February 5th. The industrial products company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.01. The company had revenue of $820.70 million for the quarter, compared to analyst estimates of $794.65 million. Regal Beloit had a return on equity of 9.64% and a net margin of 6.34%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 EPS. equities research analysts forecast that Regal Beloit Corp will post 5.58 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, March 28th. Regal Beloit’s dividend payout ratio (DPR) is presently 21.94%.
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Regal Beloit 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.
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