Douglas Lane & Associates LLC Has $56.18 Million Stock Holdings in RBC Bearings Incorporated $RBC

Key Points

• Douglas Lane & Associates LLC reduced its stake in RBC Bearings by 3.7%, now owning approximately 0.46% of the company worth about $56.18 million.
• Several hedge funds, including Geneva Capital Management LLC and Invesco Ltd., increased their holdings in RBC Bearings, reflecting a broader investment interest in the company.
• RBC Bearings reported a quarterly earnings per share (EPS) of $2.84, exceeding analyst expectations, alongside a revenue of $436 million for the same period.

Douglas Lane & Associates LLC lowered its stake in RBC Bearings Incorporated (NYSE:RBC - Free Report) by 3.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 145,997 shares of the industrial products company's stock after selling 5,654 shares during the period. Douglas Lane & Associates LLC owned approximately 0.46% of RBC Bearings worth $56,180,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Geneva Capital Management LLC lifted its position in shares of RBC Bearings by 1.0% in the first quarter. Geneva Capital Management LLC now owns 589,418 shares of the industrial products company's stock worth $189,657,000 after buying an additional 5,753 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of RBC Bearings by 2.0% in the first quarter. Ameriprise Financial Inc. now owns 545,412 shares of the industrial products company's stock worth $175,515,000 after purchasing an additional 10,531 shares during the period. Maren Capital LLC increased its stake in shares of RBC Bearings by 4.2% in the first quarter. Maren Capital LLC now owns 420,946 shares of the industrial products company's stock worth $135,448,000 after purchasing an additional 17,143 shares during the period. Stephens Investment Management Group LLC increased its stake in shares of RBC Bearings by 0.4% in the first quarter. Stephens Investment Management Group LLC now owns 306,246 shares of the industrial products company's stock worth $98,541,000 after purchasing an additional 1,211 shares during the period. Finally, Invesco Ltd. increased its stake in shares of RBC Bearings by 11.2% in the first quarter. Invesco Ltd. now owns 260,924 shares of the industrial products company's stock worth $83,958,000 after purchasing an additional 26,338 shares during the period.

Insider Transactions at RBC Bearings

In other RBC Bearings news, COO Daniel A. Bergeron sold 48,743 shares of the company'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 transaction, the chief operating officer owned 111,134 shares of the company's stock, valued at approximately $44,759,218.50. This represents a 30.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company's stock.

RBC Bearings Price Performance

Shares of RBC traded down $3.49 on Tuesday, hitting $378.78. The company's stock had a trading volume of 186,504 shares, compared to its average volume of 166,236. The company has a market capitalization of $11.95 billion, a PE ratio of 47.71, a PEG ratio of 2.96 and a beta of 1.73. 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 Incorporated has a fifty-two week low of $272.50 and a fifty-two week high of $416.33. The company has a 50 day moving average price of $391.03 and a 200 day moving average price of $365.02.

RBC Bearings (NYSE:RBC - Get Free Report) last announced its earnings results on Friday, August 1st. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.74 by $0.10. The business had revenue of $436.00 million for 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%.RBC Bearings's revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $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.

Analyst Upgrades and Downgrades

RBC has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on RBC Bearings from $431.00 to $455.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Morgan Stanley restated an "overweight" rating and set a $415.00 price target (up from $390.00) on shares of RBC Bearings in a research note on Tuesday, May 20th. The Goldman Sachs Group boosted their price target on RBC Bearings from $375.00 to $416.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. 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 price target on the stock. Finally, KeyCorp boosted their price target on RBC Bearings from $405.00 to $450.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. One equities research 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.