RBC Bearings Incorporated $RBC Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp reduced its stake in shares of RBC Bearings Incorporated (NYSE:RBC) by 7.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 638 shares of the industrial products company’s stock after selling 52 shares during the quarter. Fifth Third Bancorp’s holdings in RBC Bearings were worth $246,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in RBC Bearings during the 1st quarter worth $25,000. Advisors Asset Management Inc. acquired a new position in RBC Bearings in the first quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in RBC Bearings by 109.3% in the first 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 period. Golden State Wealth Management LLC increased its stake in RBC Bearings by 107.1% in the first 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 period. Finally, UMB Bank n.a. increased its stake in RBC Bearings by 80.8% in the first 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 period.

Insider Activity

In related news, COO Daniel A. Bergeron sold 48,743 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer owned 111,134 shares of the company’s stock, valued at approximately $44,759,218.50. This represents a 30.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John J. Feeney sold 105 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president directly owned 2,666 shares in the company, valued at $1,020,624.78. The trade was a 3.79% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

RBC Bearings Stock Up 1.7%

RBC stock opened at $390.65 on Wednesday. RBC Bearings Incorporated has a 52 week low of $272.50 and a 52 week high of $416.33. The company has a market cap of $12.33 billion, a P/E ratio of 49.20, a P/E/G ratio of 2.98 and a beta of 1.73. 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’s 50-day moving average price is $390.37 and its 200 day moving average price is $367.62.

RBC Bearings (NYSE:RBC) last announced its quarterly earnings results on Friday, August 1st. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.10. RBC Bearings had a net margin of 15.20% and a return on equity of 10.14%. The company had revenue of $436.00 million for the quarter, compared to the consensus estimate of $432.63 million. During the same quarter in the prior year, the firm earned $2.54 earnings per share. The company’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. On average, research analysts expect that RBC Bearings Incorporated will post 9.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RBC has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of RBC Bearings in a research note on Wednesday, July 16th. They issued a “buy” rating and a $480.00 price objective on the stock. Zacks Research upgraded shares of RBC Bearings from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 13th. The Goldman Sachs Group lifted their price objective on shares of RBC Bearings from $375.00 to $416.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. KeyCorp lifted their price objective on shares of RBC Bearings from $405.00 to $450.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Finally, Truist Financial lifted their price objective on shares of RBC Bearings from $431.00 to $455.00 and gave the company 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 assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $425.17.

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.