3,481 Shares in Regal Beloit Corporation (NYSE:RBC) Acquired by FDx Advisors Inc.

FDx Advisors Inc. acquired a new position in Regal Beloit Corporation (NYSE:RBC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,481 shares of the industrial products company’s stock, valued at approximately $275,000.

Several other hedge funds also recently modified their holdings of the company. Synovus Financial Corp raised its holdings in shares of Regal Beloit by 4.4% in the 2nd quarter. Synovus Financial Corp now owns 2,607 shares of the industrial products company’s stock valued at $209,000 after purchasing an additional 110 shares in the last quarter. Airain ltd purchased a new position in shares of Regal Beloit in the 2nd quarter valued at $224,000. M&T Bank Corp purchased a new position in shares of Regal Beloit in the 2nd quarter valued at $237,000. Bridgewater Associates LP purchased a new position in shares of Regal Beloit in the 2nd quarter valued at $248,000. Finally, World Asset Management Inc grew its position in Regal Beloit by 14.4% during the 2nd quarter. World Asset Management Inc now owns 3,136 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 394 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Several brokerages have recently weighed in on RBC. Zacks Investment Research downgraded shares of Regal Beloit from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BMO Capital Markets reduced 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 research note on Tuesday, November 7th. BidaskClub cut shares of Regal Beloit from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Morgan Stanley lifted their target price on shares of Regal Beloit from $82.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Monday, October 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $85.00 price target on shares of Regal Beloit in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $86.63.

Regal Beloit Corporation (NYSE:RBC) traded up $1.05 on Thursday, reaching $76.40. 232,814 shares of the company traded hands, compared to its average volume of 249,286. The firm has a market capitalization of $3,340.52, a PE ratio of 15.81, a PEG ratio of 1.41 and a beta of 1.48. The company has a quick ratio of 1.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.48. Regal Beloit Corporation has a 1 year low of $68.30 and a 1 year high of $87.50.

Regal Beloit (NYSE:RBC) last issued its earnings results on Monday, November 6th. The industrial products company reported $1.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.01). The business had revenue of $857.00 million for the quarter, compared to analyst estimates of $837.19 million. Regal Beloit had a return on equity of 9.76% and a net margin of 6.28%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the company posted $1.31 earnings per share. sell-side analysts predict 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. Stockholders of record on Friday, December 29th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.36%. Regal Beloit’s dividend payout ratio is currently 22.61%.

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Regal Beloit 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.

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

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