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% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 5.19% of RBC Bearings worth $524,645,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of RBC Bearings by 38,860.9% in the first quarter. GAMMA Investing LLC now owns 201,428 shares of the industrial products company's stock worth $64,813,000 after acquiring an additional 200,911 shares during the period. Ameriprise Financial Inc. grew its position in RBC Bearings by 32.6% during the fourth quarter. Ameriprise Financial Inc. now owns 534,881 shares of the industrial products company's stock valued at $159,998,000 after buying an additional 131,614 shares during the period. Nuveen LLC purchased a new position in shares of RBC Bearings during the 1st quarter worth $20,847,000. Durable Capital Partners LP grew its position in shares of RBC Bearings by 1.9% during the 4th quarter. Durable Capital Partners LP now owns 2,631,346 shares of the industrial products company's stock valued at $787,141,000 after acquiring an additional 48,287 shares during the period. Finally, Northern Trust Corp increased its stake in shares of RBC Bearings by 18.2% in the 4th quarter. Northern Trust Corp now owns 276,340 shares of the industrial products company's stock worth $82,664,000 after purchasing an additional 42,459 shares in the last quarter.

RBC Bearings Price Performance

Shares of RBC Bearings stock traded up $0.31 during trading on Thursday, reaching $399.84. 76,990 shares of the stock traded hands, compared to its average volume of 166,689. RBC Bearings Incorporated has a 52-week low of $272.50 and a 52-week high of $416.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.33 and a quick ratio of 1.33. The business has a fifty day simple moving average of $390.63 and a two-hundred day simple moving average of $362.89. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 50.25, a P/E/G ratio of 3.09 and a beta of 1.71.

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 analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $432.63 million. During the same period in the prior year, the company earned $2.54 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. RBC Bearings has set its Q2 2026 guidance at EPS. Sell-side analysts expect that RBC Bearings Incorporated will post 9.16 EPS for the current year.

Insider Buying and Selling at RBC Bearings

In related news, CEO Michael J. Hartnett sold 9,000 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $371.37, for a total transaction of $3,342,330.00. Following the sale, the chief executive officer owned 302,853 shares of the company's stock, valued at $112,470,518.61. This represents a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $19,631,243.25. Following the sale, the chief operating officer directly owned 111,134 shares in the company, valued at $44,759,218.50. The trade was a 30.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,716 shares of company stock worth $48,818,116. Company insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on RBC shares. KeyCorp lifted their target price on RBC Bearings from $405.00 to $450.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. The Goldman Sachs Group lifted their price objective on RBC Bearings from $375.00 to $416.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Zacks Research raised shares of RBC Bearings from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Morgan Stanley reaffirmed an "overweight" rating and set a $415.00 price target (up previously from $390.00) on shares of RBC Bearings in a report on Tuesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of RBC Bearings in a research note on Wednesday, July 16th. They issued a "buy" rating and a $480.00 price objective for the company. 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's stock. According to MarketBeat, RBC Bearings presently has an average rating of "Moderate Buy" and an average target price of $425.17.

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.