Price T Rowe Associates Inc. MD Sells 275,076 Shares of RBC Bearings Incorporated $RBC

Key Points

• Price T Rowe Associates Inc. MD reduced its stake in RBC Bearings by 14.4% in the first quarter, selling 275,076 shares and now owns 1,630,492 shares valued at approximately $524.6 million.
• Several other institutional investors have increased their positions in RBC Bearings, with significant stakes raised by firms like Thurston Springer Miller Herd & Titak Inc. and Golden State Wealth Management LLC.
• RBC Bearings is receiving positive analyst attention, with Zacks raising its rating to "strong-buy" and multiple firms adjusting price targets upward, with a consensus target now at $425.17.

Price T Rowe Associates Inc. MD lowered its stake in RBC Bearings Incorporated (NYSE:RBC - Free Report) by 14.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,630,492 shares of the industrial products company's stock after selling 275,076 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 5.19% of RBC Bearings worth $524,645,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of RBC Bearings by 9.5% during the 4th quarter. Barclays PLC now owns 23,027 shares of the industrial products company's stock valued at $6,889,000 after buying an additional 1,997 shares in the last quarter. Mariner LLC raised its holdings in shares of RBC Bearings by 8.6% during the 4th quarter. Mariner LLC now owns 4,250 shares of the industrial products company's stock valued at $1,271,000 after buying an additional 335 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of RBC Bearings by 34.1% during the 4th quarter. Guggenheim Capital LLC now owns 1,741 shares of the industrial products company's stock valued at $521,000 after buying an additional 443 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of RBC Bearings during the 4th quarter valued at about $360,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of RBC Bearings by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 358,438 shares of the industrial products company's stock valued at $107,221,000 after buying an additional 6,667 shares in the last quarter.

Insider Buying and Selling

In other news, COO Daniel A. Bergeron sold 48,743 shares of the firm's stock in a transaction 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 transaction, the chief operating officer directly owned 111,134 shares in the company, valued at $44,759,218.50. This trade represents a 30.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven H. Kaplan sold 400 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $381.30, for a total value of $152,520.00. Following the transaction, the director owned 2,499 shares of the company's stock, valued at $952,868.70. The trade was a 13.80% 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 ninety days. Insiders own 1.90% of the company's stock.

RBC Bearings Stock Up 0.4%

Shares of RBC stock traded up $1.48 during mid-day trading on Wednesday, reaching $400.48. 241,244 shares of the company's stock traded hands, compared to its average volume of 166,679. RBC Bearings Incorporated has a 12 month low of $272.50 and a 12 month high of $416.33. The company has a market cap of $12.64 billion, a P/E ratio of 50.44, 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. The company's 50-day moving average price is $390.06 and its 200-day moving average price is $362.63.

RBC Bearings (NYSE:RBC - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The industrial products company reported $2.84 earnings per share for the quarter, topping 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 company had revenue of $436.00 million for the quarter, compared to the consensus estimate of $432.63 million. During the same quarter in the prior year, the business posted $2.54 EPS. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. RBC Bearings has set its Q2 2026 guidance at EPS. On average, equities analysts expect that RBC Bearings Incorporated will post 9.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RBC has been the subject of several recent research reports. Truist Financial boosted their price target 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of RBC Bearings in a report on Wednesday, July 16th. They issued a "buy" rating and a $480.00 price target on the stock. Zacks Research raised shares of RBC Bearings from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. The Goldman Sachs Group raised their price target on shares of RBC Bearings from $375.00 to $416.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Finally, Morgan Stanley reissued 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. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $425.17.

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.