RBC Bearings Incorporated $RBC Stake Decreased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its stake in RBC Bearings by 5.1%, selling 18,149 shares, leaving it with 340,289 shares worth approximately $109.5 million.
• RBC Bearings reported a better-than-expected EPS of $2.84 for the quarter, exceeding estimates, while revenue rose 7.3% year-over-year to $436 million.
• Analysts have increased their price targets for RBC Bearings, with Goldman Sachs setting a target of $416.00 and Deutsche Bank initiating coverage with a target of $480.00.

Dimensional Fund Advisors LP cut its stake in RBC Bearings Incorporated (NYSE:RBC - Free Report) by 5.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 340,289 shares of the industrial products company's stock after selling 18,149 shares during the quarter. Dimensional Fund Advisors LP owned about 1.08% of RBC Bearings worth $109,496,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Rafferty Asset Management LLC raised its position in RBC Bearings by 6.4% in the fourth quarter. Rafferty Asset Management LLC now owns 713 shares of the industrial products company's stock valued at $213,000 after purchasing an additional 43 shares during the period. First Bank & Trust grew its stake in shares of RBC Bearings by 2.1% during the first quarter. First Bank & Trust now owns 2,165 shares of the industrial products company's stock valued at $697,000 after acquiring an additional 44 shares in the last quarter. Deutsche Bank AG grew its stake in shares of RBC Bearings by 2.9% during the fourth quarter. Deutsche Bank AG now owns 1,768 shares of the industrial products company's stock valued at $529,000 after acquiring an additional 49 shares in the last quarter. Xponance Inc. grew its stake in shares of RBC Bearings by 1.5% during the first quarter. Xponance Inc. now owns 3,491 shares of the industrial products company's stock valued at $1,123,000 after acquiring an additional 51 shares in the last quarter. Finally, Vista Finance LLC grew its stake in shares of RBC Bearings by 6.9% during the first quarter. Vista Finance LLC now owns 879 shares of the industrial products company's stock valued at $283,000 after acquiring an additional 57 shares in the last quarter.

RBC Bearings Stock Down 0.4%

NYSE:RBC traded down $1.61 during mid-day trading on Thursday, reaching $397.92. The stock had a trading volume of 151,100 shares, compared to its average volume of 181,310. The company has a market capitalization of $12.56 billion, a price-to-earnings ratio of 50.12, a price-to-earnings-growth ratio of 3.09 and a beta of 1.71. RBC Bearings Incorporated has a 1-year low of $272.50 and a 1-year high of $416.33. The stock's 50 day simple moving average is $391.15 and its two-hundred day simple moving average is $363.13. 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 posted its quarterly earnings results on Friday, August 1st. The industrial products company reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $2.74 by $0.10. The business had revenue of $436.00 million during the quarter, compared to the consensus estimate of $432.63 million. RBC Bearings had a return on equity of 10.14% and a net margin of 15.20%.The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $2.54 earnings per share. RBC Bearings has set its Q2 2026 guidance at EPS. Equities analysts anticipate that RBC Bearings Incorporated will post 9.16 EPS for the current year.

Insider Buying and Selling at RBC Bearings

In other RBC Bearings news, CEO Michael J. Hartnett sold 26,725 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $381.09, for a total value of $10,184,630.25. Following the transaction, the chief executive officer owned 316,853 shares of the company's stock, valued at $120,749,509.77. This trade represents a 7.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven H. Kaplan sold 400 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $381.30, for a total transaction of $152,520.00. Following the completion of the transaction, the director directly owned 2,499 shares in the company, valued at $952,868.70. This represents a 13.80% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 125,716 shares of company stock worth $48,818,116. Insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

RBC has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on 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 upgraded RBC Bearings from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. Morgan Stanley restated an "overweight" rating and set a $415.00 target price (up from $390.00) on shares of RBC Bearings in a research note on Tuesday, May 20th. Truist Financial raised their target price on RBC Bearings from $431.00 to $455.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on RBC Bearings in a research note on Wednesday, July 16th. They set a "buy" rating and a $480.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $425.17.

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.