Dalton Greiner Hartman Maher & Co. Sells 6,007 Shares of Regal Beloit Corp (NYSE:RBC)

Dalton Greiner Hartman Maher & Co. cut its holdings in shares of Regal Beloit Corp (NYSE:RBC) by 8.8% in the 4th quarter, HoldingsChannel reports. The fund owned 62,348 shares of the industrial products company’s stock after selling 6,007 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Regal Beloit were worth $5,338,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Thompson Investment Management Inc. increased its position in shares of Regal Beloit by 0.6% during the third quarter. Thompson Investment Management Inc. now owns 36,349 shares of the industrial products company’s stock worth $2,648,000 after acquiring an additional 200 shares in the last quarter. State of Tennessee Treasury Department grew its position in Regal Beloit by 4.4% in the 3rd quarter. State of Tennessee Treasury Department now owns 30,261 shares of the industrial products company’s stock worth $2,205,000 after purchasing an additional 1,269 shares in the last quarter. Mondrian Investment Partners LTD grew its position in Regal Beloit by 17.9% in the 3rd quarter. Mondrian Investment Partners LTD now owns 60,317 shares of the industrial products company’s stock worth $4,394,000 after purchasing an additional 9,161 shares in the last quarter. SG Americas Securities LLC grew its position in Regal Beloit by 40.8% in the 3rd quarter. SG Americas Securities LLC now owns 37,155 shares of the industrial products company’s stock worth $2,707,000 after purchasing an additional 10,767 shares in the last quarter. Finally, Mackay Shields LLC grew its position in Regal Beloit by 12.8% in the 3rd quarter. Mackay Shields LLC now owns 42,052 shares of the industrial products company’s stock worth $3,064,000 after purchasing an additional 4,766 shares in the last quarter. 92.62% of the stock is owned by institutional investors.

In other Regal Beloit news, VP John Avampato sold 5,380 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $82.96, for a total value of $446,324.80. Following the completion of the sale, the vice president now directly owns 10,234 shares of the company’s stock, valued at approximately $849,012.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jonathan J. Schlemmer sold 4,480 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $82.74, for a total transaction of $370,675.20. Following the completion of the sale, the chief operating officer now directly owns 78,963 shares of the company’s stock, valued at $6,533,398.62. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Shares of RBC stock opened at $86.19 on Thursday. Regal Beloit Corp has a 52-week low of $67.74 and a 52-week high of $87.46. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.60 and a current ratio of 2.83. The company has a 50-day simple moving average of $84.64 and a two-hundred day simple moving average of $78.15. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 1.52 and a beta of 1.63.

Regal Beloit (NYSE:RBC) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.02. Regal Beloit had a net margin of 7.62% and a return on equity of 10.14%. The business had revenue of $772.30 million during the quarter, compared to the consensus estimate of $808.49 million. During the same period in the prior year, the firm posted $1.67 EPS. The firm’s quarterly revenue was down 16.5% compared to the same quarter last year. On average, sell-side analysts forecast that Regal Beloit Corp will post 5.53 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Thursday, December 26th. Regal Beloit’s payout ratio is 20.00%.

Regal Beloit Profile

Regal Beloit Corporation, together with its subsidiaries, designs, manufactures, and sells electric motors, electrical motion controls, and power generation and transmission products worldwide. It operates through three segments: Commercial and Industrial Systems, Climate Solutions, and Power Transmission Solutions.

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

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