6,936 Shares in Regal Beloit Corporation (RBC) Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. bought a new position in shares of Regal Beloit Corporation (NYSE:RBC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,936 shares of the industrial products company’s stock, valued at approximately $548,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of RBC. Kennedy Capital Management Inc. increased its stake in Regal Beloit Corporation by 94.7% during the 2nd quarter. Kennedy Capital Management Inc. now owns 364,485 shares of the industrial products company’s stock worth $29,724,000 after purchasing an additional 177,243 shares in the last quarter. Northern Trust Corp increased its stake in Regal Beloit Corporation by 16.6% during the 2nd quarter. Northern Trust Corp now owns 612,609 shares of the industrial products company’s stock worth $49,958,000 after purchasing an additional 87,032 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Regal Beloit Corporation by 41.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 254,232 shares of the industrial products company’s stock worth $20,715,000 after purchasing an additional 74,425 shares in the last quarter. APG Asset Management N.V. bought a new stake in Regal Beloit Corporation during the 3rd quarter worth approximately $4,914,000. Finally, First Trust Advisors LP increased its stake in Regal Beloit Corporation by 16.5% during the 2nd quarter. First Trust Advisors LP now owns 412,027 shares of the industrial products company’s stock worth $33,601,000 after purchasing an additional 58,224 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.



A number of research firms recently issued reports on RBC. Morgan Stanley increased their target price on Regal Beloit Corporation from $82.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Monday, October 2nd. ValuEngine cut Regal Beloit Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research cut Regal Beloit Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. BMO Capital Markets lowered their target price on Regal Beloit Corporation from $88.00 to $85.00 and set a “market perform” rating for the company in a research note on Tuesday, November 7th. Finally, BidaskClub cut Regal Beloit Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $86.14.

Regal Beloit Corporation (NYSE:RBC) opened at $75.90 on Friday. Regal Beloit Corporation has a 12-month low of $68.00 and a 12-month high of $87.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.22 and a current ratio of 2.22. The firm has a market capitalization of $3,362.67, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.50.

Regal Beloit Corporation (NYSE:RBC) last released its quarterly earnings results on Monday, November 6th. The industrial products company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Regal Beloit Corporation had a return on equity of 9.76% and a net margin of 6.28%. The firm had revenue of $857.00 million for the quarter, compared to analyst estimates of $837.19 million. During the same period last year, the company earned $1.31 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. sell-side analysts expect that Regal Beloit Corporation will post 4.88 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, December 28th. Regal Beloit Corporation’s dividend payout ratio (DPR) is currently 22.61%.

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About Regal Beloit Corporation

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

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