RBC Bearings Incorporated $RBC Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC reduced its position in RBC Bearings Incorporated (NYSE:RBC) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,997 shares of the industrial products company’s stock after selling 5,654 shares during the quarter. Douglas Lane & Associates LLC’s holdings in RBC Bearings were worth $56,180,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RBC. NBC Securities Inc. acquired a new position in RBC Bearings in the 1st quarter valued at $25,000. Advisors Asset Management Inc. acquired a new position in RBC Bearings in the 1st quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in RBC Bearings by 109.3% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 113 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 59 shares during the last quarter. Golden State Wealth Management LLC raised its stake in RBC Bearings by 107.1% in the 1st quarter. Golden State Wealth Management LLC now owns 263 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 136 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in RBC Bearings by 80.8% in the 1st quarter. UMB Bank n.a. now owns 311 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 139 shares during the last quarter.

Insider Transactions at RBC Bearings

In related news, COO Daniel A. Bergeron sold 48,743 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief operating officer directly owned 111,134 shares in the company, valued at $44,759,218.50. This trade represents a 30.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael H. Ambrose sold 595 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $367.32, for a total value of $218,555.40. Following the transaction, the director owned 6,985 shares of the company’s stock, valued at $2,565,730.20. This trade represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

RBC has been the subject of a number of recent research reports. Zacks Research raised RBC Bearings from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 13th. 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 target price for the company. The Goldman Sachs Group raised their target price on RBC Bearings from $375.00 to $416.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. KeyCorp raised their target price on RBC Bearings from $405.00 to $450.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $415.00 target price (up from $390.00) on shares of RBC Bearings in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $425.17.

RBC Bearings Stock Down 2.5%

Shares of NYSE:RBC opened at $375.35 on Friday. The business has a 50-day moving average price of $391.19 and a 200 day moving average price of $364.71. The company has a current ratio of 3.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $11.85 billion, a price-to-earnings ratio of 47.27, a PEG ratio of 2.98 and a beta of 1.73. RBC Bearings Incorporated has a 12-month low of $272.50 and a 12-month high of $416.33.

RBC Bearings (NYSE:RBC) last issued its quarterly earnings data on Friday, August 1st. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.10. The firm had revenue of $436.00 million during 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%.The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $2.54 EPS. 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.

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.