Investment analysts at Barclays initiated coverage on shares of Regal Beloit (NYSE:RBC) in a research note issued to investors on Thursday. The brokerage set an “equal weight” rating and a $80.00 price target on the industrial products company’s stock. Barclays’ target price indicates a potential upside of 5.82% from the company’s previous close.

Several other analysts have also weighed in on RBC. Seaport Global Securities raised shares of Regal Beloit from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $82.00 to $88.00 in a report on Wednesday, February 7th. Barrington Research reaffirmed an “outperform” rating and set a $87.00 price objective on shares of Regal Beloit in a report on Monday. Zacks Investment Research raised shares of Regal Beloit from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday. BMO Capital Markets dropped their price objective on shares of Regal Beloit from $88.00 to $85.00 and set a “market perform” rating for the company in a report on Tuesday, November 7th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Regal Beloit in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $86.08.

Shares of Regal Beloit (RBC) opened at $75.60 on Thursday. The firm has a market cap of $3,298.43, a P/E ratio of 15.95, a PEG ratio of 1.21 and a beta of 1.44. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 2.21. Regal Beloit has a fifty-two week low of $71.05 and a fifty-two week high of $87.50.

Regal Beloit (NYSE:RBC) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.01. The company had revenue of $820.70 million during the quarter, compared to analyst estimates of $794.65 million. Regal Beloit had a net margin of 6.34% and a return on equity of 9.64%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $1.04 earnings per share. equities research analysts forecast that Regal Beloit will post 5.58 EPS for the current year.

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of Regal Beloit by 4.3% in the fourth quarter. BlackRock Inc. now owns 4,243,407 shares of the industrial products company’s stock valued at $325,044,000 after purchasing an additional 173,534 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Regal Beloit by 5.5% in the fourth quarter. Alliancebernstein L.P. now owns 1,311,995 shares of the industrial products company’s stock valued at $100,499,000 after purchasing an additional 67,830 shares in the last quarter. State Street Corp increased its holdings in shares of Regal Beloit by 2.2% in the second quarter. State Street Corp now owns 1,163,293 shares of the industrial products company’s stock valued at $94,869,000 after purchasing an additional 24,844 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Regal Beloit by 9.8% in the fourth quarter. Fisher Asset Management LLC now owns 705,483 shares of the industrial products company’s stock valued at $54,040,000 after purchasing an additional 63,157 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of Regal Beloit by 11.4% in the third quarter. Prudential Financial Inc. now owns 630,849 shares of the industrial products company’s stock valued at $49,837,000 after purchasing an additional 64,750 shares in the last quarter. 94.75% of the stock is owned by institutional investors and hedge funds.

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About Regal Beloit

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.

Analyst Recommendations for Regal Beloit (NYSE:RBC)

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