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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. bought a new stake in shares of RBC Bearings during the first quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 worth $36,000 after purchasing an additional 59 shares during the last quarter. Golden State Wealth Management LLC grew its holdings 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 worth $85,000 after purchasing an additional 136 shares during the last quarter. UMB Bank n.a. grew its holdings 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 worth $100,000 after purchasing an additional 139 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of RBC Bearings by 30.9% during the fourth quarter. Quarry LP now owns 390 shares of the industrial products company's stock worth $117,000 after purchasing an additional 92 shares during the last quarter.

Insiders Place Their Bets

In other RBC Bearings news, 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 transaction, the chief operating officer directly owned 111,134 shares of the company's stock, valued at approximately $44,759,218.50. The trade was a 30.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael J. Hartnett sold 26,725 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were 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 directly owned 316,853 shares in the company, valued at approximately $120,749,509.77. This trade represents a 7.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,716 shares of company stock valued at $48,818,116 in the last ninety days. 1.90% of the stock is owned by corporate insiders.

RBC Bearings Price Performance

RBC Bearings stock opened at $393.1690 on Thursday. The stock's 50 day moving average is $387.78 and its 200 day moving average is $361.78. 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 firm has a market cap of $12.41 billion, a P/E ratio of 49.52, a P/E/G ratio of 3.08 and a beta of 1.71. RBC Bearings Incorporated has a one year low of $272.50 and a one year high of $416.33.

RBC Bearings (NYSE:RBC - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The industrial products company reported $2.84 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $432.63 million. During the same period in the previous year, the firm earned $2.54 earnings per share. The firm's quarterly revenue was up 7.3% on a year-over-year basis. RBC Bearings has set its Q2 2026 guidance at EPS. As a group, research analysts expect that RBC Bearings Incorporated will post 9.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. 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 boosted their price target on RBC Bearings from $375.00 to $416.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft initiated coverage on RBC Bearings in a research note on Wednesday, July 16th. They issued a "buy" rating and a $480.00 price objective on the stock. Morgan Stanley reaffirmed an "overweight" rating and issued a $415.00 price objective (up from $390.00) on shares of RBC Bearings in a research note on Tuesday, May 20th. Finally, 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. 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 MarketBeat, RBC Bearings currently has an average rating of "Moderate Buy" and an average price target 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.

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