Callan Family Office LLC Grows Stock Holdings in RBC Bearings Incorporated (NYSE:RBC)

Mar 12, 2025

Callan Family Office LLC lifted its holdings in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) by 251.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,416 shares of the industrial products company's stock after acquiring an additional 1,729 shares during the quarter. Callan Family Office LLC's holdings in RBC Bearings were worth $723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Torray Investment Partners LLC boosted its stake in RBC Bearings by 0.3% in the fourth quarter. Torray Investment Partners LLC now owns 8,468 shares of the industrial products company's stock valued at $2,533,000 after acquiring an additional 28 shares during the last quarter. Curated Wealth Partners LLC raised its position in shares of RBC Bearings by 1.6% in the fourth quarter. Curated Wealth Partners LLC now owns 1,989 shares of the industrial products company's stock worth $595,000 after buying an additional 32 shares in the last quarter. Argonautica Private Wealth Management Inc. increased its stake in RBC Bearings by 3.4% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 1,399 shares of the industrial products company's stock valued at $418,000 after acquiring an additional 46 shares during the last quarter. CIBC Asset Management Inc increased its stake in RBC Bearings by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 912 shares of the industrial products company's stock valued at $273,000 after acquiring an additional 47 shares during the last quarter. Finally, Norden Group LLC increased its stake in RBC Bearings by 6.7% in the fourth quarter. Norden Group LLC now owns 780 shares of the industrial products company's stock valued at $233,000 after acquiring an additional 49 shares during the last quarter.

A number of research analysts recently commented on RBC shares. Morgan Stanley increased their target price on RBC Bearings from $360.00 to $390.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. KeyCorp increased their target price on RBC Bearings from $375.00 to $395.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. William Blair reissued an "outperform" rating on shares of RBC Bearings in a research note on Tuesday, November 26th. Bank of America cut RBC Bearings from a "buy" rating to a "neutral" rating and raised their price objective for the company from $330.00 to $335.00 in a research note on Thursday, November 21st. Finally, Truist Financial raised their price objective on RBC Bearings from $351.00 to $410.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $361.20.

Read Our Latest Stock Report on RBC

Shares of RBC Bearings stock traded down $4.85 during trading on Tuesday, reaching $340.87. 160,213 shares of the stock were exchanged, compared to its average volume of 142,820. The company has a quick ratio of 1.18, a current ratio of 3.43 and a debt-to-equity ratio of 0.34. The stock's fifty day moving average is $336.70 and its 200 day moving average is $315.43. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 46.82, a price-to-earnings-growth ratio of 4.42 and a beta of 1.72. RBC Bearings Incorporated has a 1 year low of $241.43 and a 1 year high of $372.83.

In other news, CFO Robert M. Sullivan sold 8,000 shares of RBC Bearings stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $362.25, for a total transaction of $2,898,000.00. Following the completion of the transaction, the chief financial officer now directly owns 11,382 shares in the company, valued at approximately $4,123,129.50. This trade represents a 41.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael H. Ambrose sold 400 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $362.89, for a total transaction of $145,156.00. Following the sale, the director now directly owns 6,728 shares of the company's stock, valued at $2,441,523.92. This trade represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,900 shares of company stock worth $3,963,031 over the last three months. Company insiders own 2.60% of the company's stock.

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.

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