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

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

Several other large investors have also modified their holdings of RBC. QRG Capital Management Inc. acquired a new stake in RBC Bearings during the second quarter worth approximately $236,000. Hilltop National Bank acquired a new stake in RBC Bearings during the second quarter worth approximately $247,000. HB Wealth Management LLC acquired a new stake in RBC Bearings during the second quarter worth approximately $237,000. Dakota Wealth Management acquired a new stake in RBC Bearings during the second quarter worth approximately $628,000. Finally, Sheets Smith Wealth Management boosted its position in RBC Bearings by 0.9% during the second quarter. Sheets Smith Wealth Management now owns 5,064 shares of the industrial products company’s stock worth $1,949,000 after acquiring an additional 44 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RBC. Truist Financial raised their target price on shares of RBC Bearings from $431.00 to $455.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. Zacks Research upgraded shares of RBC Bearings from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 13th. Weiss Ratings restated a “buy (b)” rating on shares of RBC Bearings in a research report on Saturday, September 27th. 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. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, RBC Bearings presently has an average rating of “Moderate Buy” and a consensus target price of $425.17.

Insiders Place Their Bets

In related news, VP John J. Feeney sold 105 shares of the firm’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $382.83, for a total transaction of $40,197.15. Following the completion of the sale, the vice president directly owned 2,666 shares of the company’s stock, valued at approximately $1,020,624.78. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Daniel A. Bergeron sold 48,743 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $402.75, for a total transaction of $19,631,243.25. Following the sale, 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 disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

RBC Bearings Stock Performance

Shares of RBC stock opened at $373.94 on Monday. The company’s fifty day simple moving average is $389.79 and its 200-day simple moving average is $368.66. RBC Bearings Incorporated has a 52 week low of $272.50 and a 52 week high of $416.33. 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 cap of $11.80 billion, a PE ratio of 47.10, a P/E/G ratio of 2.90 and a beta of 1.71.

RBC Bearings (NYSE:RBC) last issued its earnings results on Friday, August 1st. The industrial products company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.10. RBC Bearings had a net margin of 15.20% and a return on equity of 10.14%. The business had revenue of $436.00 million for the quarter, compared to the consensus estimate of $432.63 million. During the same quarter last year, the firm posted $2.54 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. RBC Bearings has set its Q2 2026 guidance at EPS. As a group, equities research analysts anticipate that RBC Bearings Incorporated will post 9.16 EPS for the current year.

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.