Dimensional Fund Advisors LP Sells 18,149 Shares of RBC Bearings Incorporated $RBC

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 lessened its position in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) by 5.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 340,289 shares of the industrial products company's stock after selling 18,149 shares during the period. Dimensional Fund Advisors LP owned 1.08% of RBC Bearings worth $109,496,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in RBC. NBC Securities Inc. purchased a new position in shares of RBC Bearings during the 1st quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of 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 valued at $36,000 after buying an additional 59 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of 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 valued at $85,000 after buying an additional 136 shares during the last quarter. UMB Bank n.a. lifted its position in shares of RBC Bearings by 80.8% during the 1st quarter. UMB Bank n.a. now owns 311 shares of the industrial products company's stock valued at $100,000 after buying an additional 139 shares during the last quarter. Finally, Quarry LP lifted its position in shares of RBC Bearings by 30.9% during the 4th quarter. Quarry LP now owns 390 shares of the industrial products company's stock valued at $117,000 after buying an additional 92 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group upped their price target on RBC Bearings from $375.00 to $416.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft began coverage on RBC Bearings in a research report on Wednesday, July 16th. They set a "buy" rating and a $480.00 price target on the stock. Morgan Stanley reissued an "overweight" rating and set a $415.00 price objective (up previously from $390.00) on shares of RBC Bearings in a report on Tuesday, May 20th. Zacks Research raised RBC Bearings from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Truist Financial increased their price objective on RBC Bearings from $431.00 to $455.00 and gave the stock a "buy" rating in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $425.17.

RBC Bearings Price Performance

RBC traded up $3.97 during trading on Wednesday, reaching $402.97. 139,386 shares of the company were exchanged, compared to its average volume of 166,604. The company's 50-day moving average is $390.06 and its two-hundred day moving average is $362.63. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 50.67, a P/E/G ratio of 3.09 and a beta of 1.71. The company has a quick ratio of 1.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.29. RBC Bearings Incorporated has a 12-month low of $272.50 and a 12-month high of $416.33.

RBC Bearings (NYSE:RBC - Get Free Report) last announced its earnings results on Friday, August 1st. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.74 by $0.10. The business had revenue of $436.00 million for 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 company's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.54 EPS. RBC Bearings has set its Q2 2026 guidance at EPS. Research analysts forecast that RBC Bearings Incorporated will post 9.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other RBC Bearings news, Director Michael H. Ambrose sold 595 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $367.32, for a total value of $218,555.40. Following the transaction, the director directly owned 6,985 shares in the company, valued at $2,565,730.20. This represents a 7.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael J. Hartnett sold 26,725 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $381.09, for a total value of $10,184,630.25. Following the completion of the transaction, the chief executive officer owned 316,853 shares in the company, valued at $120,749,509.77. This represents a 7.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 125,716 shares of company stock valued at $48,818,116 over the last 90 days. 1.90% of the stock is owned by insiders.

About RBC Bearings

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.