T. Rowe Price Investment Management Inc. Decreases Stock Position in RBC Bearings Incorporated $RBC

Key Points

• T. Rowe Price Investment Management Inc. reduced its holdings in RBC Bearings by 1.8%, selling 19,284 shares, and now owns approximately 3.43% of the company, valued at $346.88 million.
• Certain insiders, including the COO and CEO, have sold a total of 125,716 shares worth around $48.82 million in the past 90 days, representing significant decreases in their ownership stakes.
• RBC Bearings reported $2.84 EPS for the most recent quarter, surpassing analyst estimates, with a year-over-year revenue increase of 7.3% to $436 million.

T. Rowe Price Investment Management Inc. reduced its stake in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,078,037 shares of the industrial products company's stock after selling 19,284 shares during the quarter. T. Rowe Price Investment Management Inc. owned 3.43% of RBC Bearings worth $346,880,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NBC Securities Inc. bought a new position in shares of RBC Bearings during the first quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of RBC Bearings by 109.3% during the first 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 grew its stake in shares of RBC Bearings by 107.1% during the first 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. grew its stake in shares of RBC Bearings by 80.8% during the first 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 holdings in RBC Bearings by 30.9% in the 4th quarter. Quarry LP now owns 390 shares of the industrial products company's stock worth $117,000 after buying an additional 92 shares during the period.

Insider Buying and Selling at RBC Bearings

In other news, Director Steven H. Kaplan sold 400 shares of RBC Bearings stock in a transaction that occurred on Monday, June 9th. The shares were 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 approximately $952,868.70. This trade represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael H. Ambrose sold 595 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $367.32, for a total transaction of $218,555.40. Following the completion of the transaction, the director owned 6,985 shares of the company's stock, valued at approximately $2,565,730.20. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,716 shares of company stock valued at $48,818,116 over the last ninety days. Company insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on RBC shares. Morgan Stanley reiterated an "overweight" rating and issued a $415.00 price objective (up previously from $390.00) on shares of RBC Bearings in a report on Tuesday, May 20th. Zacks Research upgraded 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 objective 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. KeyCorp raised their price objective on shares of RBC Bearings from $405.00 to $450.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, Truist Financial raised their price objective on shares of RBC Bearings from $431.00 to $455.00 and gave the stock a "buy" rating in a report on Monday, August 4th. One 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, RBC Bearings presently has an average rating of "Moderate Buy" and a consensus target price of $425.17.

RBC Bearings Stock Up 0.7%

Shares of RBC stock traded up $2.86 during trading hours on Tuesday, hitting $402.44. 97,952 shares of the company's stock traded hands, compared to its average volume of 166,023. The stock's fifty day simple moving average is $389.40 and its two-hundred day simple moving average is $362.37. RBC Bearings Incorporated has a 12-month low of $272.50 and a 12-month high of $416.33. The stock has a market cap of $12.70 billion, a price-to-earnings ratio of 50.65, a PEG ratio of 3.11 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 (NYSE:RBC - Get Free Report) last released its earnings results on Friday, August 1st. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.10. RBC Bearings had a net margin of 15.20% and a return on equity of 10.14%. The firm had revenue of $436.00 million during the quarter, compared to analyst estimates of $432.63 million. During the same period last year, the business earned $2.54 earnings per share. The business's revenue was up 7.3% on a year-over-year basis. RBC Bearings has set its Q2 2026 guidance at EPS. On average, analysts expect that RBC Bearings Incorporated will post 9.16 EPS for the current year.

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.