Posted by admin on Aug 12th, 2022
RBC Bearings Incorporated (NASDAQ:ROLLP – Get Rating) Director Edward Stewart sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $252.45, for a total value of $757,350.00. Following the completion of the transaction, the director now owns 25,083 shares of the company’s stock, valued at approximately $6,332,203.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
ROLLP stock opened at $124.30 on Friday. RBC Bearings Incorporated has a twelve month low of $81.01 and a twelve month high of $126.88. The company’s 50 day moving average is $103.63.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend was Thursday, June 30th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROLLP. Steward Partners Investment Advisory LLC bought a new stake in shares of RBC Bearings in the 1st quarter worth $40,000. Citigroup Inc. bought a new stake in shares of RBC Bearings in the 1st quarter worth $682,000. Van ECK Associates Corp increased its holdings in shares of RBC Bearings by 17.5% in the 2nd quarter. Van ECK Associates Corp now owns 61,351 shares of the company’s stock worth $5,790,000 after purchasing an additional 9,157 shares in the last quarter. Palisade Capital Management LLC NJ bought a new stake in shares of RBC Bearings in the 1st quarter worth $1,990,000. Finally, SG Americas Securities LLC bought a new stake in shares of RBC Bearings in the 1st quarter worth $3,291,000.
RBC Bearings Incorporated manufactures and markets engineered precision bearings and components 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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