RBC Bearings Incorporated $RBC Shares Sold by Petros Family Wealth LLC

Petros Family Wealth LLC reduced its stake in shares of RBC Bearings Incorporated (NYSE:RBC) by 14.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 583 shares of the industrial products company’s stock after selling 101 shares during the period. Petros Family Wealth LLC’s holdings in RBC Bearings were worth $224,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Park Avenue Securities LLC grew its holdings in RBC Bearings by 50.8% during the 1st quarter. Park Avenue Securities LLC now owns 2,647 shares of the industrial products company’s stock worth $852,000 after acquiring an additional 892 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in RBC Bearings during the 1st quarter worth $253,000. New York State Teachers Retirement System grew its holdings in RBC Bearings by 21.3% during the 1st quarter. New York State Teachers Retirement System now owns 5,700 shares of the industrial products company’s stock worth $1,834,000 after acquiring an additional 1,000 shares in the last quarter. Personal CFO Solutions LLC acquired a new position in RBC Bearings during the 1st quarter worth $296,000. Finally, GAMMA Investing LLC boosted its holdings in shares of RBC Bearings by 21.1% in the 1st quarter. GAMMA Investing LLC now owns 626 shares of the industrial products company’s stock valued at $201,000 after buying an additional 109 shares during the period.

Insider Activity at RBC Bearings

In related 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 transaction of $19,631,243.25. Following the sale, the chief operating officer owned 111,134 shares of the company’s stock, valued at $44,759,218.50. The trade was a 30.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John J. Feeney sold 105 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $382.83, for a total value of $40,197.15. Following the sale, the vice president directly owned 2,666 shares in the company, valued at approximately $1,020,624.78. The trade was a 3.79% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. KeyCorp lifted their price target on shares of RBC Bearings from $405.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. The Goldman Sachs Group lifted their price target on shares of RBC Bearings from $375.00 to $416.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Truist Financial lifted their price target on shares of RBC Bearings from $431.00 to $455.00 and gave the company a “buy” rating in a report on Monday, August 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of RBC Bearings in a report on Saturday, September 27th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of RBC Bearings in a report on Wednesday, July 16th. They issued a “buy” rating and a $480.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $425.17.

RBC Bearings Trading Down 0.3%

NYSE:RBC opened at $373.94 on Monday. The stock has a market cap of $11.80 billion, a price-to-earnings ratio of 47.10, a PEG ratio of 2.90 and a beta of 1.71. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.33 and a current ratio of 3.33. RBC Bearings Incorporated has a 1 year low of $272.50 and a 1 year high of $416.33. The business has a fifty day moving average of $389.79 and a 200-day moving average of $368.66.

RBC Bearings (NYSE:RBC) last issued its quarterly earnings data on Friday, August 1st. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.10. The business had revenue of $436.00 million for the quarter, compared to analysts’ expectations of $432.63 million. RBC Bearings had a net margin of 15.20% and a return on equity of 10.14%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.54 earnings per share. RBC Bearings has set its Q2 2026 guidance at EPS. Equities analysts predict that RBC Bearings Incorporated will post 9.16 earnings per share 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.