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. It sells its products directly to original equipment manufacturers (OEMs), distributors and end users. It operates distribution facilities in Plainfield, Indiana; McAllen, Texas; LaVergne, Tennessee, and Florence, Kentucky.
Industry, Sector and Symbol:
- Sector: Industrial Products
- Industry: Electrical Components & Equipment
- Sub-Industry: Electrical Components & Equipment
- Symbol: NYSE:RBC
- CUSIP: 75875010
- Web: www.regalbeloit.com
- Market Cap: $3.49193 billion
- Outstanding Shares: 44,596,000
- 50 Day Moving Avg: $77.49
- 200 Day Moving Avg: $78.76
- 52 Week Range: $56.45 - $87.50
Sales & Book Value:
- Trailing P/E Ratio: 17.28
- Foreward P/E Ratio: 14.85
- P/E Growth: 2.20
- Annual Revenue: $3.25 billion
- Price / Sales: 1.08
- Book Value: $49.46 per share
- Price / Book: 1.59
- Annual Dividend: $1.04
- Dividend Yield: 1.3%
- EBIDTA: $469.1 million
- Net Margins: 6.29%
- Return on Equity: 9.88%
- Return on Assets: 4.79%
- Debt-to-Equity Ratio: 0.53%
- Current Ratio: 2.24%
- Quick Ratio: 1.29%
- Average Volume: 272,481 shs.
- Beta: 1.52
- Short Ratio: 3.57
Frequently Asked Questions for Regal Beloit Corporation (NYSE:RBC)
What is Regal Beloit Corporation's stock symbol?
Regal Beloit Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "RBC."
How often does Regal Beloit Corporation pay dividends? What is the dividend yield for Regal Beloit Corporation?
Regal Beloit Corporation announced a quarterly dividend on Wednesday, July 26th. Investors of record on Friday, September 29th will be paid a dividend of $0.26 per share on Friday, October 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, September 28th. View Regal Beloit Corporation's Dividend History.
How were Regal Beloit Corporation's earnings last quarter?
Regal Beloit Corporation (NYSE:RBC) posted its quarterly earnings results on Monday, August, 7th. The company reported $1.29 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.28 by $0.01. The business earned $869.20 million during the quarter, compared to analyst estimates of $854.66 million. Regal Beloit Corporation had a return on equity of 9.88% and a net margin of 6.29%. Regal Beloit Corporation's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 EPS. View Regal Beloit Corporation's Earnings History.
When will Regal Beloit Corporation make its next earnings announcement?
What guidance has Regal Beloit Corporation issued on next quarter's earnings?
Regal Beloit Corporation updated its FY17 earnings guidance on Monday, August, 7th. The company provided earnings per share guidance of $4.70-$5.00 for the period, compared to the Thomson Reuters consensus estimate of $4.86.
Where is Regal Beloit Corporation's stock going? Where will Regal Beloit Corporation's stock price be in 2017?
9 brokers have issued twelve-month target prices for Regal Beloit Corporation's shares. Their predictions range from $64.00 to $90.00. On average, they expect Regal Beloit Corporation's share price to reach $81.40 in the next twelve months. View Analyst Ratings for Regal Beloit Corporation.
What are analysts saying about Regal Beloit Corporation stock?
Here are some recent quotes from research analysts about Regal Beloit Corporation stock:
- 1. According to Zacks Investment Research, "Regal Beloit reported relatively healthy second-quarter 2017 results with year-over year increase in adjusted earnings and revenues on the back of modest organic growth and positive order trends. The company continues to focus on prudent investment decisions for a disciplined capital allocation, strong and flexible balance sheet and cash flow enhancement to support dividend growth. A robust operating platform and an efficient management team will likely help in the execution of its strategic priorities and drive net asset value in the future. Regal Beloit has outperformed the industry year to date. However, margin pressures, high concentration risks and adverse foreign currency translation remain headwinds for the company. With the rise in competition within the industry, Regal Beloit is witnessing a decline in its product prices, which in turn is detrimental to its overall margins. High R&D costs also remain a bottleneck for the company." (8/10/2017)
- 2. Credit Suisse Group analysts commented, "We hosted investor meetings with CEO Mark Gliebe, and Vice President Rob Rehard, in Boston earlier this week. The company seems to be making good progress in its efforts to drive Simplification, and the end-demand backdrop remains broadly favorable. Management should be in a position to start to deploy the balance sheet towards M&A again in 2018, but the broader focus of the company is shifting towards organic sales growth (and the headwind from HVAC OEM dual-sourcing has largely run its course), as opposed to its ‘serial acquirer’ status of the past. If the organic growth initiatives can bear fruit, the combination of this with margin expansion from Simplification, should be sufficient to push EPS over $6 (up from a range of $4-5 over 2010-2017E), and increase RBC’s valuation from its still heavily discounted level." (6/29/2017)
- 3. Stifel Nicolaus analysts commented, "Inline-ish quarter, with positive commentary on LSD organic growth in '17 with some margin expansion. This will be a short cycle beneficiary, but we remain concerned about the competitive positioning of the motors portfolio longer term, and border adjusted tax implications could be a two-edge sword with respect to pricing and competitiveness. We reiterate Hold, target price to $78, or 15X 2018 EPS of $5.20." (2/9/2017)
Who are some of Regal Beloit Corporation's key competitors?
Some companies that are related to Regal Beloit Corporation include Spectrum Brands Holdings (SPB), Hubbell (HUBB), Halma plc (HLMA), Itron (ITRI), Spectris plc (SXS), Anixter International (AXE), Orbotech (ORBK), AZZ (AZZ), Hollysys Automation Technologies Ltd (HOLI), Chase (CCF), General Cable Corporation (BGC), MTS Systems Corporation (MTSC), GrafTech International Ltd (GTI), FARO Technologies (FARO), Oxford Instruments plc (OXIG), Kimball Electronics (KE), XP Power (XPP) and NL Industries (NL).
Who are Regal Beloit Corporation's key executives?
Regal Beloit Corporation's management team includes the folowing people:
- Mark J. Gliebe, Chairman of the Board, Chief Executive Officer
- Charles A. Hinrichs, Chief Financial Officer, Vice President
- Jonathan J. Schlemmer, Chief Operating Officer
- Robert Lazzerini, Principal Accounting Officer, Vice President, Corporate Controller
- John M Avampato, Vice President, Chief Information Officer
- Thomas E. Valentyn, Vice President, General Counsel, Secretary
- Terry R. Colvin, Vice President - Corporate Human Resources
- Robert Rehard, Vice President - Financial Planning & Analysis
- Henry W. Knueppel, Director
- Stephen M. Burt, Independent Director
Who owns Regal Beloit Corporation stock?
Regal Beloit Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include FMR LLC (14.49%), BlackRock Inc. (9.13%), Vanguard Group Inc. (9.03%), Dimensional Fund Advisors LP (5.55%), JPMorgan Chase & Co. (3.79%) and Alliancebernstein L.P. (3.13%). Company insiders that own Regal Beloit Corporation stock include Curtis W Stoelting, Henry W Knueppel, John Avampato and Terry R Colvin. View Institutional Ownership Trends for Regal Beloit Corporation.
Who sold Regal Beloit Corporation stock? Who is selling Regal Beloit Corporation stock?
Regal Beloit Corporation's stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., FMR LLC, The Manufacturers Life Insurance Company , Gotham Asset Management LLC, Schwab Charles Investment Management Inc., Cambiar Investors LLC, Lazard Asset Management LLC and Numeric Investors LLC. Company insiders that have sold Regal Beloit Corporation stock in the last year include Henry W Knueppel and John Avampato. View Insider Buying and Selling for Regal Beloit Corporation.
Who bought Regal Beloit Corporation stock? Who is buying Regal Beloit Corporation stock?
Regal Beloit Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Kennedy Capital Management Inc., Northern Trust Corp, Ameriprise Financial Inc., First Trust Advisors LP, Vanguard Group Inc., Royal Bank of Canada, Fisher Asset Management LLC and BlackRock Inc.. View Insider Buying and Selling for Regal Beloit Corporation.
How do I buy Regal Beloit Corporation stock?
Shares of Regal Beloit Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Regal Beloit Corporation's stock price today?
MarketBeat Community Rating for Regal Beloit Corporation (NYSE RBC)MarketBeat's community ratings are surveys of what our community members think about Regal Beloit Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Regal Beloit Corporation stock can currently be purchased for approximately $78.70.
Consensus Ratings for Regal Beloit Corporation (NYSE:RBC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||6 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.33)|
|Consensus Price Target: ||$81.40 (3.43% upside)|
Analysts' Ratings History for Regal Beloit Corporation (NYSE:RBC)
(Data available from 9/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/22/2017||Stifel Nicolaus||Reiterated Rating||Hold||$85.00||Low|
|7/14/2017||Jefferies Group LLC||Reiterated Rating||Hold||$80.00||Low|
|7/11/2017||Wolfe Research||Initiated Coverage||Market Perform||Low|
|6/29/2017||Credit Suisse Group||Reiterated Rating||Buy||$88.00||Medium|
|5/15/2017||CIBC||Upgrade||Market Perform -> Outperform||Low|
|5/5/2017||Oppenheimer Holdings, Inc.||Upgrade||Market Perform -> Outperform||$90.00||High|
|11/8/2016||BMO Capital Markets||Reiterated Rating||Hold||N/A|
|9/27/2016||Seaport Global Securities||Downgrade||Accumulate -> Neutral||$68.00 -> $64.00||N/A|
|5/11/2016||Wunderlich||Lower Price Target||Hold||$67.50 -> $62.00||N/A|
|5/11/2016||Morgan Stanley||Downgrade||Overweight -> Equal Weight||$65.00 -> $62.00||N/A|
|4/28/2016||Goldman Sachs Group, Inc. (The)||Downgrade||Neutral -> Sell||$62.00||N/A|
|3/2/2016||Royal Bank Of Canada||Downgrade||Hold||N/A|
|9/29/2015||Buckingham Research||Downgrade||Buy -> Neutral||N/A|
Earnings History for Regal Beloit Corporation (NYSE:RBC)Earnings History by Quarter for Regal Beloit Corporation (NYSE RBC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/7/2017||Q2 2017||$1.28||$1.29||$854.66 million||$869.20 million||View||Listen|
|5/8/2017||Q1 2017||$0.95||$1.07||$807.40 million||$813.50 million||View||Listen|
|2/6/2017||Q416||$1.04||$1.04||$755.50 million||$758.10 million||View||Listen|
|11/7/2016||Q316||$1.25||$1.31||$826.04 million||$809.60 million||View||Listen|
|5/9/2016||Q116||$1.07||$0.95||$853.77 million||$818.20 million||View||N/A|
|2/8/2016||Q415||$1.11||$1.17||$836.53 million||$773.50 million||View||N/A|
|11/9/2015||Q315||$1.42||$1.43||$919.77 million||$882.30 million||View||N/A|
|8/3/2015||Q215||$1.51||$1.53||$981.64 million||$942.20 million||View||N/A|
|5/11/2015||Q115||$1.15||$1.21||$894.76 million||$912.00 million||View||Listen|
|2/16/2015||Q414||$0.94||$0.82||$782.25 million||$775.60 million||View||N/A|
|11/3/2014||Q314||$1.15||$1.15||$815.10 million||$829.80 million||View||N/A|
|7/29/2014||Q214||$1.28||$1.27||$866.06 million||$850.40 million||View||N/A|
|5/5/2014||Q114||$1.03||$1.04||$794.06 million||$801.20 million||View||N/A|
|7/30/2013||Q2 2013||$1.24||$1.13||$819.24 million||$822.00 million||View||N/A|
|4/30/2013||Q1 2013||$1.15||$1.08||$805.34 million||$778.20 million||View||N/A|
|2/4/2013||Q4 2012||$0.73||$0.70||$672.78 million||$715.60 million||View||N/A|
|10/29/2012||Q312||$1.38||$1.32||$838.70 million||$779.50 million||View||N/A|
Earnings Estimates for Regal Beloit Corporation (NYSE:RBC)
2017 EPS Consensus Estimate: $4.76
2018 EPS Consensus Estimate: $5.27
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Regal Beloit Corporation (NYSE:RBC)
|Dividend Growth:||6.40% (3 Year Average)|
|Payout Ratio:||22.96% (Trailing 12 Months of Earnings) |
21.36% (Based on This Year's Estimates)
19.62% (Based on Next Year's Estimates)
|Track Record:||7 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Regal Beloit Corporation (NYSE RBC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Regal Beloit Corporation (NYSE:RBC)
Insider Ownership Percentage: 2.20%Insider Trades by Quarter for Regal Beloit Corporation (NYSE:RBC)
Institutional Ownership Percentage: 92.14%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|7/12/2017||Henry W Knueppel||Director||Sell||20,000||$85.00||$1,700,000.00|| |
|6/2/2017||Henry W Knueppel||Director||Sell||10,000||$82.00||$820,000.00|| |
|5/23/2017||Henry W. Knueppel||Director||Sell||3,663||$80.00||$293,040.00|| |
|5/11/2017||Henry W Knueppel||Director||Sell||10,800||$80.03||$864,324.00|| |
|2/10/2017||Henry W Knueppel||Director||Sell||25,000||$75.05||$1,876,250.00|| |
|11/15/2016||John Avampato||VP||Sell||626||$69.26||$43,356.76|| |
|8/11/2016||Terry R Colvin||VP||Sell||1,615||$62.47||$100,889.05|| |
|3/1/2016||John Avampato||VP||Sell||9,274||$55.00||$510,070.00|| |
|12/2/2015||Curtis W. Stoelting||Director||Sell||7,000||$64.35||$450,450.00|| |
|8/17/2015||John Avampato||VP||Sell||726||$73.00||$52,998.00|| |
|5/26/2015||Curtis W Stoelting||Director||Sell||2,000||$80.42||$160,840.00|| |
|5/18/2015||Curtis W Stoelting||Director||Sell||2,000||$80.00||$160,000.00|| |
|3/30/2015||Curtis W Stoelting||Director||Sell||2,000||$80.00||$160,000.00|| |
|3/9/2015||Mark Joseph Gliebe||CEO||Sell||23,322||$76.51||$1,784,366.22|| |
|8/20/2014||Jane L Warner||Director||Buy||1,000||$69.11||$69,110.00|| |
|3/3/2014||Christopher Doerr||Director||Sell||20,000||$73.46||$1,469,200.00|| |
|8/2/2013||Dean Foate||Director||Buy||1,000||$65.65||$65,650.00|| |
Headline Trends for Regal Beloit Corporation (NYSE:RBC)
Latest Headlines for Regal Beloit Corporation (NYSE:RBC)
Regal Beloit Corporation (RBC) Chart for Thursday, September, 21, 2017