Northwestern Mutual Wealth Management Co. Purchases 185,284 Shares of RBC Bearings Incorporated $RBC

Northwestern Mutual Wealth Management Co. boosted its position in RBC Bearings Incorporated (NYSE:RBC) by 39,846.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 185,749 shares of the industrial products company’s stock after acquiring an additional 185,284 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in RBC Bearings were worth $83,295,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RBC. Artisan Partners Limited Partnership raised its stake in RBC Bearings by 51.7% in the 3rd quarter. Artisan Partners Limited Partnership now owns 619,592 shares of the industrial products company’s stock valued at $241,821,000 after acquiring an additional 211,093 shares during the period. Invesco Ltd. raised its stake in RBC Bearings by 60.5% in the 3rd quarter. Invesco Ltd. now owns 381,161 shares of the industrial products company’s stock valued at $148,763,000 after acquiring an additional 143,710 shares during the period. First Trust Advisors LP raised its stake in RBC Bearings by 36.4% in the 3rd quarter. First Trust Advisors LP now owns 352,734 shares of the industrial products company’s stock valued at $137,669,000 after acquiring an additional 94,203 shares during the period. American Century Companies Inc. raised its stake in RBC Bearings by 34.8% in the 3rd quarter. American Century Companies Inc. now owns 207,604 shares of the industrial products company’s stock valued at $81,026,000 after acquiring an additional 53,622 shares during the period. Finally, Balyasny Asset Management L.P. raised its stake in RBC Bearings by 2,020.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 54,276 shares of the industrial products company’s stock valued at $21,183,000 after acquiring an additional 51,716 shares during the period.

RBC Bearings Stock Up 0.2%

RBC stock opened at $570.05 on Monday. The company has a current ratio of 2.18, a quick ratio of 0.78 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $573.65 and its 200 day moving average is $513.16. The stock has a market cap of $18.02 billion, a price-to-earnings ratio of 62.71, a price-to-earnings-growth ratio of 2.72 and a beta of 1.47. RBC Bearings Incorporated has a 1-year low of $350.58 and a 1-year high of $632.00.

RBC Bearings (NYSE:RBC) last posted its quarterly earnings data on Friday, May 15th. The industrial products company reported $3.62 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.31. The company had revenue of $518.00 million for the quarter, compared to analysts’ expectations of $505.90 million. RBC Bearings had a net margin of 15.37% and a return on equity of 11.35%. RBC Bearings’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.83 earnings per share. Sell-side analysts predict that RBC Bearings Incorporated will post 13.64 EPS for the current fiscal year.

RBC Bearings News Summary

Here are the key news stories impacting RBC Bearings this week:

• Positive Sentiment: RBC Bearings beat quarterly earnings and revenue estimates, with especially strong growth in aerospace and defense sales, which is supporting investor optimism. RBC Bearings Incorporated Announces Fiscal Fourth Quarter and Full Year 2026 Results
• Positive Sentiment: The company issued first-quarter FY2027 revenue guidance of $500 million to $510 million, above the market’s expectation of about $497.3 million, suggesting management sees continued demand momentum. RBC Bearings forecasts $500m-$510m Q1 FY2027 revenue while targeting marine revenue doubling in 24-36 months
• Positive Sentiment: Management said it is targeting a doubling of marine revenue over the next 24–36 months, pointing to a longer-term growth opportunity beyond the current quarter. RBC Bearings forecasts $500m-$510m Q1 FY2027 revenue while targeting marine revenue doubling in 24-36 months

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RBC shares. KeyCorp upped their price target on RBC Bearings from $595.00 to $680.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. The Goldman Sachs Group reiterated a “neutral” rating and set a $542.00 price target on shares of RBC Bearings in a research report on Monday, February 9th. Truist Financial upgraded RBC Bearings to a “strong-buy” rating in a research report on Friday, May 1st. Zacks Research upgraded RBC Bearings from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen cut RBC Bearings from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $574.67.

About RBC Bearings

RBC Bearings Incorporated is a global designer, manufacturer and marketer of highly engineered precision bearings and components for extreme applications. The company’s product portfolio includes cylindrical roller bearings, spherical plain bearings, ball bearings, track rollers, and engineered components such as metal-to-metal and polymer bearings. These products are tailored to meet the demanding requirements of aerospace, defense and industrial customers where reliability under severe conditions is critical.

The company’s bearings and components find application in aircraft engines, auxiliary power units, landing gear systems, space and missile programs, industrial gas turbines, oil and gas drilling equipment, and heavy machinery.