Posted by admin on Aug 5th, 2022
Steward Partners Investment Advisory LLC bought a new position in shares of RBC Bearings Incorporated (NASDAQ:ROLLP – Get Rating) in the first quarter, Holdings Channel.com reports. The firm bought 400 shares of the company’s stock, valued at approximately $40,000.
Separately, SG Americas Securities LLC purchased a new stake in shares of RBC Bearings in the first quarter worth about $3,291,000.
Shares of RBC Bearings stock opened at $113.17 on Friday. RBC Bearings Incorporated has a 12-month low of $81.01 and a 12-month high of $126.88. The stock has a 50-day moving average price of $101.38.
The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend was Thursday, June 30th.
In related news, VP Richard J. Edwards sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $199.07, for a total value of $1,990,700.00. Following the sale, the vice president now directly owns 11,966 shares of the company’s stock, valued at $2,382,071.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other RBC Bearings news, VP Richard J. Edwards sold 10,000 shares of RBC Bearings stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $199.07, for a total transaction of $1,990,700.00. Following the transaction, the vice president now directly owns 11,966 shares of the company’s stock, valued at $2,382,071.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan B. Levine sold 1,600 shares of RBC Bearings stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $211.00, for a total transaction of $337,600.00. Following the transaction, the director now directly owns 20,027 shares in the company, valued at $4,225,697. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock valued at $2,408,320 over the last three months.
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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