Eqis Capital Management Inc. Purchases 222 Shares of Regal Beloit Corporation (NYSE:RBC)

Eqis Capital Management Inc. raised its position in shares of Regal Beloit Corporation (NYSE:RBC) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,907 shares of the industrial products company’s stock after buying an additional 222 shares during the period. Eqis Capital Management Inc.’s holdings in Regal Beloit Corporation were worth $482,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RBC. Meeder Asset Management Inc. increased its position in shares of Regal Beloit Corporation by 47.8% in the second quarter. Meeder Asset Management Inc. now owns 14,525 shares of the industrial products company’s stock worth $1,184,000 after buying an additional 4,698 shares during the period. Fisher Asset Management LLC increased its position in shares of Regal Beloit Corporation by 8.5% in the second quarter. Fisher Asset Management LLC now owns 628,384 shares of the industrial products company’s stock worth $51,245,000 after buying an additional 49,461 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Regal Beloit Corporation during the second quarter worth approximately $236,000. Nuveen Asset Management LLC increased its position in shares of Regal Beloit Corporation by 36.2% in the first quarter. Nuveen Asset Management LLC now owns 386,346 shares of the industrial products company’s stock worth $29,227,000 after buying an additional 102,723 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Regal Beloit Corporation by 2.7% in the first quarter. Goldman Sachs Group Inc. now owns 476,010 shares of the industrial products company’s stock worth $36,010,000 after buying an additional 12,329 shares during the period. 93.85% of the stock is owned by institutional investors and hedge funds.

Shares of Regal Beloit Corporation (RBC) traded down 1.50% during mid-day trading on Tuesday, reaching $82.10. 69,170 shares of the company’s stock traded hands. Regal Beloit Corporation has a 12-month low of $56.45 and a 12-month high of $87.50. The company has a market cap of $3.68 billion, a P/E ratio of 17.81 and a beta of 1.51. The firm has a 50-day moving average of $82.71 and a 200 day moving average of $77.87.

Regal Beloit Corporation (NYSE:RBC) last released its quarterly earnings results on Monday, May 8th. The industrial products company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.12. Regal Beloit Corporation had a return on equity of 9.80% and a net margin of 6.46%. The company had revenue of $813.50 million for the quarter, compared to analyst estimates of $807.40 million. During the same quarter in the prior year, the firm posted $0.95 EPS. Regal Beloit Corporation’s quarterly revenue was down .6% compared to the same quarter last year. Equities analysts forecast that Regal Beloit Corporation will post $4.86 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.04 annualized dividend and a yield of 1.25%. Regal Beloit Corporation’s payout ratio is presently 22.56%.

RBC has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Regal Beloit Corporation from a “buy” rating to a “hold” rating in a research report on Monday, June 5th. Jefferies Group LLC reissued a “hold” rating and issued a $73.00 price objective on shares of Regal Beloit Corporation in a research report on Tuesday, April 18th. Credit Suisse Group restated a “buy” rating and set a $88.00 target price on shares of Regal Beloit Corporation in a research note on Thursday, June 29th. BidaskClub upgraded shares of Regal Beloit Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, CIBC upgraded shares of Regal Beloit Corporation from a “market perform” rating to an “outperform” rating in a research note on Friday, May 5th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $80.57.

In related news, Director Henry W. Knueppel sold 3,663 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $80.00, for a total transaction of $293,040.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Henry W. Knueppel sold 10,000 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $82.00, for a total value of $820,000.00. Following the sale, the director now owns 3,726 shares in the company, valued at approximately $305,532. The disclosure for this sale can be found here. Insiders have sold a total of 44,463 shares of company stock worth $3,677,364 in the last 90 days. 2.20% of the stock is currently owned by insiders.

About Regal Beloit Corporation

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.