Blair William & Co. IL Sells 692 Shares of RBC Bearings Incorporated $RBC

Key Points

• Blair William & Co. IL reduced its stake in RBC Bearings by 0.3%, selling 692 shares but still holding approximately 209,793 shares valued at $80.73 million.
• Several hedge funds have increased their positions in RBC Bearings, with Invesco Ltd. raising its stake by 11.2% and Gotham Asset Management increasing by 95.1% in the first quarter.
• Wall Street analysts have varying ratings on RBC Bearings, with price targets ranging from $405 to $503, and a consensus average rating of "Moderate Buy."

Blair William & Co. IL reduced its position in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) by 0.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 209,793 shares of the industrial products company's stock after selling 692 shares during the quarter. Blair William & Co. IL owned about 0.67% of RBC Bearings worth $80,728,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Nuveen LLC purchased a new position in shares of RBC Bearings in the 1st quarter worth $20,847,000. Driehaus Capital Management LLC bought a new stake in RBC Bearings during the first quarter worth approximately $11,414,000. Invesco Ltd. raised its position in RBC Bearings by 11.2% during the first quarter. Invesco Ltd. now owns 260,924 shares of the industrial products company's stock valued at $83,958,000 after purchasing an additional 26,338 shares during the period. Gotham Asset Management LLC lifted its stake in shares of RBC Bearings by 95.1% in the 1st quarter. Gotham Asset Management LLC now owns 50,494 shares of the industrial products company's stock valued at $16,247,000 after purchasing an additional 24,616 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of RBC Bearings by 15.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 168,418 shares of the industrial products company's stock worth $54,192,000 after purchasing an additional 22,057 shares during the period.

Insider Activity at RBC Bearings

In related news, VP John J. Feeney sold 105 shares of the business's stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $382.83, for a total value of $40,197.15. Following the completion of the transaction, the vice president owned 2,666 shares of the company's stock, valued at $1,020,624.78. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Daniel A. Bergeron sold 48,743 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $402.75, for a total value of $19,631,243.25. Following the sale, the chief operating officer owned 111,134 shares of the company's stock, valued at approximately $44,759,218.50. This represents a 30.49% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on RBC shares. KeyCorp increased their price target on RBC Bearings from $405.00 to $450.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. The Goldman Sachs Group increased their target price on shares of RBC Bearings from $375.00 to $416.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Zacks Research cut shares of RBC Bearings from a "strong-buy" rating to a "hold" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft set a $503.00 price target on shares of RBC Bearings and gave the company a "buy" rating in a report on Wednesday. Finally, Truist Financial raised their price objective on shares of RBC Bearings from $431.00 to $455.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $429.00.

RBC Bearings Stock Up 2.3%

Shares of NYSE:RBC opened at $381.99 on Thursday. The company has a quick ratio of 1.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.29. The business's 50 day moving average is $389.25 and its 200 day moving average is $369.09. The stock has a market cap of $12.06 billion, a P/E ratio of 48.11, a price-to-earnings-growth ratio of 2.89 and a beta of 1.71. RBC Bearings Incorporated has a 52-week low of $272.50 and a 52-week high of $416.33.

RBC Bearings (NYSE:RBC - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The industrial products company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.74 by $0.10. RBC Bearings had a return on equity of 10.14% and a net margin of 15.20%.The firm had revenue of $436.00 million for the quarter, compared to analyst estimates of $432.63 million. During the same quarter last year, the firm posted $2.54 earnings per share. The business's revenue for the quarter was up 7.3% on a year-over-year basis. RBC Bearings has set its Q2 2026 guidance at EPS. Sell-side analysts predict that RBC Bearings Incorporated will post 9.16 EPS for the current year.

RBC Bearings Profile

RBC Bearings Incorporated manufactures and markets engineered precision bearings, components, and systems in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.

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