Dakota Wealth Management Makes New Investment in RBC Bearings Incorporated $RBC

Key Points

• Dakota Wealth Management has acquired a new position in RBC Bearings, purchasing 1,633 shares valued at approximately $628,000.
• RBC Bearings reported a Q2 EPS of $2.84, exceeding analysts' expectations, with revenues of $436 million up 7.3% year-over-year.
• Wall Street analysts have a positive outlook on RBC Bearings, with multiple upgrades and an average target price of $425.17, indicating strong investor confidence.

Dakota Wealth Management bought a new position in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 1,633 shares of the industrial products company's stock, valued at approximately $628,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in RBC Bearings during the 1st quarter worth about $25,000. Advisors Asset Management Inc. acquired a new position in RBC Bearings during the 1st quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in RBC Bearings by 109.3% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 113 shares of the industrial products company's stock worth $36,000 after buying an additional 59 shares during the period. Golden State Wealth Management LLC lifted its holdings in RBC Bearings by 107.1% during the 1st quarter. Golden State Wealth Management LLC now owns 263 shares of the industrial products company's stock worth $85,000 after buying an additional 136 shares during the period. Finally, UMB Bank n.a. lifted its holdings in RBC Bearings by 80.8% during the 1st quarter. UMB Bank n.a. now owns 311 shares of the industrial products company's stock worth $100,000 after buying an additional 139 shares during the period.

RBC Bearings Stock Performance

Shares of RBC Bearings stock opened at $384.80 on Monday. RBC Bearings Incorporated has a one year low of $272.50 and a one year high of $416.33. The firm has a market capitalization of $12.14 billion, a price-to-earnings ratio of 48.46, a PEG ratio of 2.98 and a beta of 1.73. The business has a 50-day simple moving average of $390.61 and a 200 day simple moving average of $367.13. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.33 and a quick ratio of 1.33.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on RBC shares. Deutsche Bank Aktiengesellschaft started coverage on RBC Bearings in a research note on Wednesday, July 16th. They issued a "buy" rating and a $480.00 price objective on the stock. Zacks Research raised RBC Bearings from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. Truist Financial boosted their price objective on RBC Bearings from $431.00 to $455.00 and gave the company a "buy" rating in a research note on Monday, August 4th. KeyCorp boosted their price objective on RBC Bearings from $405.00 to $450.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, The Goldman Sachs Group boosted their price objective on RBC Bearings from $375.00 to $416.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $425.17.

Insider Buying and Selling

In other RBC Bearings news, COO Daniel A. Bergeron sold 48,743 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $402.75, for a total transaction of $19,631,243.25. Following the completion of the sale, the chief operating officer directly owned 111,134 shares of the company's stock, valued at approximately $44,759,218.50. The trade was a 30.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company's stock.

RBC Bearings Company 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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