Strs Ohio Acquires 2,035 Shares of Regal Beloit Corp (RBC)

Strs Ohio increased its holdings in shares of Regal Beloit Corp (NYSE:RBC) by 36.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,634 shares of the industrial products company’s stock after purchasing an additional 2,035 shares during the quarter. Strs Ohio’s holdings in Regal Beloit were worth $534,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Virtu Financial LLC boosted its position in Regal Beloit by 24.9% during the 4th quarter. Virtu Financial LLC now owns 3,233 shares of the industrial products company’s stock worth $226,000 after buying an additional 644 shares during the period. Prentiss Smith & Co. Inc. boosted its position in Regal Beloit by 19.1% during the 4th quarter. Prentiss Smith & Co. Inc. now owns 67,169 shares of the industrial products company’s stock worth $4,705,000 after buying an additional 10,757 shares during the period. CenturyLink Investment Management Co boosted its position in Regal Beloit by 3.4% during the 4th quarter. CenturyLink Investment Management Co now owns 15,500 shares of the industrial products company’s stock worth $1,086,000 after buying an additional 514 shares during the period. Polaris Capital Management LLC boosted its position in Regal Beloit by 28.4% during the 3rd quarter. Polaris Capital Management LLC now owns 40,200 shares of the industrial products company’s stock worth $3,314,000 after buying an additional 8,900 shares during the period. Finally, Vanguard Group Inc boosted its position in Regal Beloit by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 4,181,428 shares of the industrial products company’s stock worth $344,758,000 after buying an additional 33,214 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Several research firms recently commented on RBC. Zacks Investment Research upgraded shares of Regal Beloit from a “sell” rating to a “hold” rating in a research report on Friday, February 1st. Wells Fargo & Co lifted their target price on shares of Regal Beloit from $75.00 to $85.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 6th. Oppenheimer downgraded shares of Regal Beloit from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 8th. Royal Bank of Canada reiterated a “hold” rating on shares of Regal Beloit in a research report on Tuesday, February 5th. Finally, BMO Capital Markets cut their target price on shares of Regal Beloit to $83.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 7th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Regal Beloit presently has a consensus rating of “Hold” and an average price target of $88.75.

Shares of NYSE RBC traded down $0.48 during midday trading on Monday, reaching $80.23. The stock had a trading volume of 261 shares, compared to its average volume of 240,857. The company has a market capitalization of $3.48 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 1.26 and a beta of 1.50. Regal Beloit Corp has a twelve month low of $66.04 and a twelve month high of $86.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.55 and a current ratio of 2.70.

Regal Beloit (NYSE:RBC) last issued its quarterly earnings results on Monday, February 4th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.10. The firm had revenue of $881.70 million for the quarter, compared to the consensus estimate of $864.76 million. Regal Beloit had a net margin of 6.34% and a return on equity of 11.18%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 EPS. Analysts forecast that Regal Beloit Corp will post 6.42 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.40%. Regal Beloit’s dividend payout ratio (DPR) is currently 18.67%.

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About Regal Beloit

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.

Further Reading: Current Ratio

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

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