Regal Beloit Corp (NYSE:RBC) Stock Price Up as Sentiment Improves

About 243,520 shares traded or 0.38% up from the average. About shares traded. Regal Beloit Corp (RBC) has risen 45.93% since November 6, 2016 and is uptrending. It has outperformed by 29.23% the S&P500.

Schweitzer-Mauduit International, a diversified producer of engineered solutions and materials for a variety of industries. The company has market cap of $817.94 million. The Firm has two operating product line divisions: Engineered Papers, and Advanced Materials and Structures. It has a 12.13 P/E ratio.

Regal Beloit Corp. (NYSE:RBC) - Investment analysts at Oppenheimer Holdings cut their Q4 2016 earnings per share estimates for shares of Regal Beloit a research note issued on Sunday. Therefore 29% are positive. Zacks Investment Research lowered Regal Beloit Corporation from a "buy" rating to a "hold" rating in a research report on Thursday, August 10th. The rating was maintained by Jefferies with "Hold" on Friday, June 9. The stock declined 1.30% or $1.05 reaching $79.65 on the news. Regal Beloit Corporation presently has a consensus rating of "Hold" and an average price target of $86.33. Jefferies maintained Regal Beloit Corp (NYSE:RBC) rating on Wednesday, April 19. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Regal Beloit Corp. during the second quarter worth $32,657,000. Morgan Stanley upped their price target on Regal Beloit Corporation from $82.00 to $87.00 and gave the company an "equal weight" rating in a research report on Monday, October 2nd. The firm has "Neutral" rating given on Tuesday, September 29 by Buckingham Research. The rating was maintained by Oppenheimer with "Hold" on Wednesday, August 5. Prudential Financial Inc. now owns 885,956 shares of the company's stock worth $48,771,000 after buying an additional 516,355 shares during the period.

Since June 13, 2017, it had 0 buys, and 1 sale for $83,595 activity. 1 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. It is positive, as 35 investors sold HCP, Inc. shares while 170 reduced holdings. 63 funds opened positions while 190 raised stakes. Wealthtrust accumulated 0% or 112 shares. A copy of the Company's news release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. 22,325 were reported by Price T Rowe Assocs Incorporated Md. Prudential Financial Inc. boosted its stake in shares of Regal Beloit 139.7% in the second quarter. Also, the number of active investment managers holding Regal Beloit Corp in their top 10 holdings increased from 0 to 1 for an increase of 1. Louisiana State Employees Retirement Sys invested 0.05% in Regal Beloit Corp (NYSE:RBC). Meritage Mngmt has 0.6% invested in Regal Beloit Corp (NYSE:RBC). Clarivest Asset Ltd Liability Corporation holds 0% of its portfolio in HCP, Inc. Lasalle Invest Management Limited Liability Co holds 54,400 shares. Advsr Preferred Limited Liability reported 0.03% in Regal Beloit Corp (NYSE:RBC). The rating was downgraded by KeyBanc Capital Markets to "Sector Weight" on Tuesday, May 10. Amg National Bank & Trust invested in 0.06% or 9,562 shares.

Regal Beloit Corporation is a manufacturer of electric motors and controls, electric generators and controls, and power transmission products. Approximately 3.5% of the shares of the company are short sold. The Company operates through three segments: Commercial and Industrial Systems, Climate Solutions and Power Transmission Solutions. It has a 17.17 P/E ratio. Its Power Transmission Solutions segment manufactures, sells and services belt and chain drives, helical and worm gearing, mounted and unmounted bearings, couplings, modular plastic belts, conveying chains and components, hydraulic pump drives and specialty mechanical products. With an institutional ownership near 43.3%, it carries an earnings per share ratio of 0.55. It has underperformed by 4.18% the S&P500. Walthausen & Co. Llc owns 163,585 shares or 1.3% of their USA portfolio. The Ohio-based Opus Capital Group Llc has invested 0.5% in the stock.

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