Dean Investment Associates adds Regal Beloit Corp (RBC) to its portfolio

Regal Beloit Corp (RBC) : Dean Investment Associates added new position in Regal Beloit Corp during the most recent quarter end. The investment management firm now holds 160,843 shares of Regal Beloit Corp which is valued at $9,504,213 , the company said in a statement filed on Aug 3, 2016 with the SEC.Regal Beloit Corp makes up approximately 1.81% of Dean Investment Associates’s portfolio.

Other Hedge Funds, Including , Rathbone Brothers Plc sold out all of its stake in RBC during the most recent quarter. The investment firm sold 5,205 shares of RBC which is valued $307,563.Thompson Investment Management boosted its stake in RBC in the latest quarter, The investment management firm added 4,855 additional shares and now holds a total of 53,357 shares of Regal Beloit Corp which is valued at $3,152,865. Regal Beloit Corp makes up approx 0.62% of Thompson Investment Management’s portfolio.Retirement Systems Of Alabama boosted its stake in RBC in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 57,698 shares of Regal Beloit Corp which is valued at $3,505,730. Regal Beloit Corp makes up approx 0.02% of Retirement Systems Of Alabama’s portfolio.Kanaly Trust Co reduced its stake in RBC by selling 40 shares or 44.44% in the most recent quarter. The Hedge Fund company now holds 50 shares of RBC which is valued at $2,978. Eqis Capital Management sold out all of its stake in RBC during the most recent quarter. The investment firm sold 3,193 shares of RBC which is valued $190,878.

Regal Beloit Corp opened for trading at $60.97 and hit $61.85 on the upside on Monday, eventually ending the session at $61.22, with a gain of 0.57% or 0.35 points. The heightened volatility saw the trading volume jump to 4,45,300 shares. Company has a market cap of $2,738 M.

On the company’s financial health, Regal Beloit Corp reported $1.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $1.24. The company had revenue of $838.60 million for the quarter, compared to analysts expectations of $854.65 million. The company’s revenue was down -11.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.53 EPS.

Investors should note that on Jul 29, 2016, Regal Beloit Corp announced a cash dividend of $0.2400. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 14, 2016.

Many Wall Street Analysts have commented on Regal Beloit Corp. Regal Beloit Corp was Downgraded by Morgan Stanley to ” Equal-Weight” on May 11, 2016. Shares were Reiterated by Wunderlich on May 11, 2016 to “Hold” and Lowered the Price Target to $ 62 from a previous price target of $67.50 .Regal Beloit Corp was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on May 10, 2016.

Regal Beloit Corporation is a global manufacturer electric motors and controls electric generators and controls and power transmission products. The Company operates through three segments: Commercial and Industrial Systems segment which designs manufactures and sells Fractional integral and large horsepower motors and controls electronic variable speed controls and blowers Solid state and electro-mechanical starters contactors relays variable frequency drives and motors artificial lift system pumping equipment Precision stator and rotor kits Hazardous duty motors and Electric generators; Climate Solutions segment which designs manufactures and sells Fractional motors electronic variable speed controls and blowers and Power Transmission Solutions segment which designs manufactures and markets enclosed gear drives gearmotors transmissions and custom open gearing used for motion control within complex equipment and systems.

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