Regal Beloit Corporation Company Profile (NYSE:RBC)

Regal Beloit Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "RBC."

Regal Beloit Corporation declared 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 yield of 1.23%. View Regal Beloit Corporation's Dividend History.

Regal Beloit Corporation (NYSE:RBC) released its quarterly earnings results on Monday, May, 8th. The company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.95 by $0.12. The business had revenue of $813.50 million for the quarter, compared to analysts' expectations of $807.40 million. Regal Beloit Corporation had a return on equity of 9.80% and a net margin of 6.46%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $0.95 earnings per share. View Regal Beloit Corporation's Earnings History.

Regal Beloit Corporation updated its FY17 earnings guidance on Monday, May, 8th. The company provided earnings per share (EPS) guidance of $4.55-4.95 for the period, compared to the Thomson Reuters consensus estimate of $4.74.

9 analysts have issued 1-year price objectives for Regal Beloit Corporation's shares. Their forecasts range from $64.00 to $90.00. On average, they expect Regal Beloit Corporation's share price to reach $78.83 in the next twelve months. View Analyst Ratings for Regal Beloit Corporation.

Here are some recent quotes from research analysts about Regal Beloit Corporation stock:

• 1. 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)
• 2. According to Zacks Investment Research, "Regal Beloit has outperformed the industry in the last three months. Over the years, the company has consolidated its product lines and streamlined brands to evolve as a dynamic enterprise. Regal Beloit 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. The company has increased its quarterly dividend by 8% year over year to $0.26 per share. 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 also reorganized its segments to improve transparency, simplify external communication with clients and align segment reporting with the new management structure. However, margin pressures, high concentration risks and adverse foreign currency translation remain headwinds." (6/6/2017)
• 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)

Some companies that are related to Regal Beloit Corporation include Spectrum Brands Holdings (SPB), Hubbell (HUBB), Halma plc (HLMA), Spectris plc (SXS), Itron (ITRI), Anixter International (AXE), Orbotech (ORBK), AZZ (AZZ), Hollysys Automation Technologies (HOLI), 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), NL Industries (NL) and Aerohive Networks (HIVE).

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

Regal Beloit Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (1.40%), Dalton Greiner Hartman Maher & Co. (0.38%), Bank of Montreal Can (0.35%), First Quadrant L P CA (0.27%), Meritage Portfolio Management (0.16%) and Russell Investments Group Ltd. (0.08%). 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.

Regal Beloit Corporation's stock was sold by a variety of institutional investors in the last quarter, including First Quadrant L P CA, Dalton Greiner Hartman Maher & Co., Municipal Employees Retirement System of Michigan, Profit Investment Management LLC, CenturyLink Investment Management Co, Bank of Montreal Can, Meritage Portfolio Management and Capstone Asset Management Co.. Company insiders that have sold Regal Beloit Corporation stock in the last year include Henry W Knueppel, John Avampato and Terry R Colvin. View Insider Buying and Selling for Regal Beloit Corporation.

Regal Beloit Corporation's stock was bought by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Russell Investments Group Ltd., Acadian Asset Management LLC, ING Groep NV, Meeder Asset Management Inc., Fox Run Management L.L.C., First Citizens Bank & Trust Co. and Oregon Public Employees Retirement Fund. View Insider Buying and Selling for Regal Beloit Corporation.

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.

One share of Regal Beloit Corporation stock can currently be purchased for approximately $84.40.