RBC Bearings Stock Price, News & Analysis (NYSE:RBC)

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RBC Bearings in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RBC shares.
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7 Wall Street analysts have issued 12 month price objectives for RBC Bearings' stock. Their RBC share price targets range from $240.00 to $294.00. On average, they anticipate the company's share price to reach $266.17 in the next twelve months. This suggests a possible upside of 1.4% from the stock's current price.
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RBC Bearings' stock was trading at $209.35 at the start of the year. Since then, RBC shares have increased by 25.3% and is now trading at $262.41.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our RBC earnings forecast.

RBC Bearings Incorporated (NYSE:RBC) posted its earnings results on Thursday, November, 9th. The industrial products company reported $2.07 EPS for the quarter, beating analysts' consensus estimates of $1.91 by $0.16. The industrial products company earned $385.57 million during the quarter, compared to the consensus estimate of $390.18 million. RBC Bearings had a net margin of 12.32% and a trailing twelve-month return on equity of 9.62%.

RBC Bearings (NYSE:RBC) pays an annual dividend of $1.32 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 23.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RBC will have a dividend payout ratio of 15.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RBC.

ETFs with the largest weight of RBC Bearings (NYSE:RBC) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), iShares U.S. Aerospace & Defense ETF (ITA), Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN), iShares U.S. Basic Materials ETF (IYM), First Trust Materials AlphaDEX Fund (FXZ), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), Global X U.S. Infrastructure Development ETF (PAVE) and Principal U.S. Small-Cap Multi-Factor ETF (PSC).

142 employees have rated RBC Bearings Chief Executive Officer Mark J. Gliebe on Glassdoor.com. Mark J. Gliebe has an approval rating of 34% among the company's employees. This puts Mark J. Gliebe in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other RBC Bearings investors own include Johnson & Johnson (JNJ), 3M (MMM), Netflix (NFLX), NVIDIA (NVDA), Verizon Communications (VZ), Home Depot (HD), Mastercard (MA), Exxon Mobil (XOM), AbbVie (ABBV) and CVS Health (CVS).

RBC Bearings' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (6.87%), Clearbridge Investments LLC (3.62%), JPMorgan Chase & Co. (2.45%), Conestoga Capital Advisors LLC (2.40%), Fred Alger Management LLC (1.44%) and Bamco Inc. NY (1.33%). Insiders that own company stock include Alan B Levine, Daniel A Bergeron, Daniel A Bergeron, Edward Stewart, John J Feeney, Michael H Ambrose, Michael J Hartnett, Michael J Hartnett, Patrick S Bannon, Patrick S Bannon, Richard J Edwards, Richard R Crowell, Robert M Sullivan and Steven H Kaplan.
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Shares of RBC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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