The Manufacturers Life Insurance Company increased its holdings in RBC Bearings Incorporated (NYSE:RBC) by 5.6% during the fourth quarter, according to the company’s latest SEC disclosure. The insurer now owns 24,933 shares valued at $7,458,000, representing 0.08% of the industrial products company’s stock.
Other institutional investors have also adjusted their RBC Bearings holdings. Vanguard Group Inc. boosted its stake by 8.5%, now owning 2,938,923 shares worth $879,149,000. T. Rowe Price Investment Management Inc. increased its position by 0.3%, holding 1,097,321 shares valued at $328,253,000. Geode Capital Management LLC raised its stake by 5.2%, now owning 507,771 shares worth $151,944,000. Maren Capital LLC increased its holdings by 6.5%, with 403,803 shares valued at $120,794,000. Dimensional Fund Advisors LP lifted its position by 1.9%, holding 358,438 shares worth $107,221,000.
In related news, RBC Bearings executives made significant stock transactions in early 2025. CEO Michael J. Hartnett sold 2,500 shares at $367.95 per share on February 6th, reducing his holdings to 320,088 shares valued at $117,776,379.60. CFO Robert M. Sullivan sold 8,000 shares at $362.25 per share on February 13th, decreasing his ownership to 11,382 shares worth $4,123,129.50. Corporate insiders currently own 2.60% of the company’s stock.
RBC Bearings’ stock performance has been notable, with shares opening at $341.60 recently. The company has a market capitalization of $10.73 billion and a PE ratio of 46.92. Analysts have maintained various ratings on the stock, with Truist Financial lowering its price target to $375.00 while keeping a ‘buy’ rating. KeyCorp and Morgan Stanley raised their price targets to $395.00 and $390.00, respectively, with ‘overweight’ ratings. The consensus among analysts is a ‘Moderate Buy’ with an average price target of $354.20.
RBC Bearings Incorporated specializes in manufacturing precision bearings and components for aerospace, defense, and industrial applications. The company operates through two main segments: Aerospace/Defense and Industrial, producing various types of bearings and related products.
