Michael J. Hartnett Sells 26,745 Shares of RBC Bearings Incorporated (ROLL) Stock

RBC Bearings Incorporated (NASDAQ:ROLL) insider Michael J. Hartnett sold 26,745 shares of RBC Bearings stock in a transaction on Friday, June 16th. The shares were sold at an average price of $103.84, for a total value of $2,777,200.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Michael J. Hartnett also recently made the following trade(s):

  • On Wednesday, June 14th, Michael J. Hartnett sold 11,716 shares of RBC Bearings stock. The shares were sold at an average price of $104.63, for a total value of $1,225,845.08.
  • On Monday, June 12th, Michael J. Hartnett sold 11,260 shares of RBC Bearings stock. The shares were sold at an average price of $105.97, for a total value of $1,193,222.20.
  • On Friday, June 9th, Michael J. Hartnett sold 25,802 shares of RBC Bearings stock. The shares were sold at an average price of $106.64, for a total value of $2,751,525.28.

RBC Bearings Incorporated (ROLL) opened at 104.51 on Wednesday. The firm has a market capitalization of $2.48 billion, a PE ratio of 35.19 and a beta of 1.28. RBC Bearings Incorporated has a 12 month low of $67.99 and a 12 month high of $108.39. The stock’s 50 day moving average price is $102.19 and its 200 day moving average price is $95.40.

RBC Bearings (NASDAQ:ROLL) last issued its earnings results on Wednesday, May 31st. The industrial products company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.88 by $0.02. The company had revenue of $160.20 million during the quarter, compared to analysts’ expectations of $161.08 million. RBC Bearings had a net margin of 11.48% and a return on equity of 11.12%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS. Equities research analysts expect that RBC Bearings Incorporated will post $3.57 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for RBC Bearings (NASDAQ:ROLL)

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Separately, Zacks Investment Research upgraded RBC Bearings from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research report on Friday, June 2nd.

Several hedge funds have recently modified their holdings of ROLL. BlackRock Inc. boosted its stake in shares of RBC Bearings by 90,578.3% in the first quarter. BlackRock Inc. now owns 1,794,523 shares of the industrial products company’s stock valued at $174,231,000 after buying an additional 1,792,544 shares during the last quarter. Norges Bank acquired a new stake in shares of RBC Bearings during the fourth quarter valued at approximately $14,820,000. OppenheimerFunds Inc. boosted its stake in shares of RBC Bearings by 151.3% in the first quarter. OppenheimerFunds Inc. now owns 234,624 shares of the industrial products company’s stock valued at $22,780,000 after buying an additional 141,274 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of RBC Bearings by 5.7% in the first quarter. Vanguard Group Inc. now owns 1,804,750 shares of the industrial products company’s stock valued at $175,223,000 after buying an additional 96,915 shares during the last quarter. Finally, Castleark Management LLC acquired a new stake in shares of RBC Bearings during the fourth quarter valued at approximately $7,624,000. Institutional investors own 99.43% of the company’s stock.

About RBC Bearings

RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ROLL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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