Regal Beloit (NYSE:RBC) Shares Cross Above Fifty Day Moving Average of $78.60

Regal Beloit Corp (NYSE:RBC)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $78.60 and traded as high as $80.36. Regal Beloit shares last traded at $80.29, with a volume of 4,769 shares changing hands.

A number of analysts have recently weighed in on RBC shares. Royal Bank of Canada set a €86.00 ($100.00) target price on Henkel AG & Co KGaA and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Zacks Investment Research upgraded Grana y Montero SAA from a “sell” rating to a “hold” rating in a research note on Monday, June 10th. Finally, BMO Capital Markets lowered Capital Power from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $89.00.

The firm has a market cap of $3.41 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 1.26 and a beta of 1.61. The company has a quick ratio of 1.53, a current ratio of 2.71 and a debt-to-equity ratio of 0.52. The company’s 50 day simple moving average is $78.60.

Regal Beloit (NYSE:RBC) last announced its quarterly earnings data on Monday, May 6th. The industrial products company reported $1.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.02. The firm had revenue of $853.80 million during the quarter, compared to analyst estimates of $882.61 million. Regal Beloit had a return on equity of 11.24% and a net margin of 7.15%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period last year, the company earned $1.34 earnings per share. Analysts forecast that Regal Beloit Corp will post 6.33 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.49%. This is a positive change from Regal Beloit’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, June 27th. Regal Beloit’s dividend payout ratio (DPR) is presently 20.00%.

A number of hedge funds have recently made changes to their positions in the stock. Keeley Teton Advisors LLC increased its position in Regal Beloit by 0.6% in the first quarter. Keeley Teton Advisors LLC now owns 19,875 shares of the industrial products company’s stock worth $1,627,000 after purchasing an additional 120 shares during the period. Synovus Financial Corp increased its position in Regal Beloit by 2.9% in the first quarter. Synovus Financial Corp now owns 5,215 shares of the industrial products company’s stock worth $431,000 after purchasing an additional 149 shares during the period. Mason Street Advisors LLC increased its position in Regal Beloit by 0.7% in the first quarter. Mason Street Advisors LLC now owns 22,753 shares of the industrial products company’s stock worth $1,863,000 after purchasing an additional 155 shares during the period. Twin Capital Management Inc. increased its position in Regal Beloit by 0.3% in the first quarter. Twin Capital Management Inc. now owns 54,720 shares of the industrial products company’s stock worth $4,480,000 after purchasing an additional 180 shares during the period. Finally, Menta Capital LLC boosted its holdings in Regal Beloit by 2.2% during the first quarter. Menta Capital LLC now owns 9,100 shares of the industrial products company’s stock worth $745,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 91.34% of the company’s stock.

Regal Beloit Company Profile (NYSE:RBC)

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

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