Meeder Asset Management Inc. reduced its stake in shares of Regal Beloit Corp (NYSE:RBC) by 75.5% in the 4th quarter, Holdings Channel reports. The firm owned 4,912 shares of the industrial products company’s stock after selling 15,120 shares during the quarter. Meeder Asset Management Inc.’s holdings in Regal Beloit were worth $377,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RBC. M&T Bank Corp acquired a new position in shares of Regal Beloit during the 2nd quarter worth approximately $237,000. Shelton Capital Management acquired a new position in shares of Regal Beloit during the 2nd quarter worth approximately $277,000. State Street Corp raised its position in shares of Regal Beloit by 2.2% during the 2nd quarter. State Street Corp now owns 1,163,293 shares of the industrial products company’s stock worth $94,869,000 after purchasing an additional 24,844 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Regal Beloit during the 2nd quarter worth approximately $468,000. Finally, Ameritas Investment Partners Inc. raised its position in shares of Regal Beloit by 1.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,409 shares of the industrial products company’s stock worth $1,094,000 after purchasing an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 94.04% of the company’s stock.

Several research analysts recently issued reports on RBC shares. Royal Bank of Canada restated a “buy” rating and set a $90.00 price objective on shares of Regal Beloit in a research report on Tuesday, November 28th. Zacks Investment Research raised shares of Regal Beloit from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Tuesday, January 2nd. ValuEngine raised shares of Regal Beloit from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. BMO Capital Markets lowered their target price on shares of Regal Beloit from $88.00 to $85.00 and set a “market perform” rating for the company in a research note on Tuesday, November 7th. Finally, Seaport Global Securities raised shares of Regal Beloit from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $82.00 to $88.00 in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Regal Beloit has an average rating of “Hold” and an average target price of $86.70.

Shares of Regal Beloit Corp (RBC) opened at $75.15 on Friday. The company has a market cap of $3,329.45, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 1.22 and a beta of 1.44. The company has a quick ratio of 1.22, a current ratio of 2.21 and a debt-to-equity ratio of 0.44. Regal Beloit Corp has a 12 month low of $71.05 and a 12 month high of $87.50.

Regal Beloit (NYSE:RBC) last released its earnings results on Monday, February 5th. The industrial products company reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.01. Regal Beloit had a net margin of 6.34% and a return on equity of 9.64%. The firm had revenue of $820.70 million during the quarter, compared to analysts’ expectations of $794.65 million. During the same period in the previous year, the company earned $1.04 EPS. Regal Beloit’s revenue for the quarter was up 8.3% on a year-over-year basis. equities analysts anticipate that Regal Beloit Corp will post 5.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.38%. Regal Beloit’s dividend payout ratio is presently 21.94%.

COPYRIGHT VIOLATION NOTICE: “Meeder Asset Management Inc. Cuts Position in Regal Beloit Corp (RBC)” was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://theolympiareport.com/2018/02/11/meeder-asset-management-inc-cuts-position-in-regal-beloit-corp-rbc.html.

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.

Want to see what other hedge funds are holding RBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regal Beloit Corp (NYSE:RBC).

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

Receive News & Ratings for Regal Beloit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regal Beloit and related companies with MarketBeat.com's FREE daily email newsletter.