Posted by admin on Jul 22nd, 2022
RBC Bearings Incorporated (NASDAQ:ROLLP – Get Rating) Director Alan B. Levine sold 1,600 shares of the business’s stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $211.00, for a total transaction of $337,600.00. Following the completion of the sale, the director now owns 20,027 shares in the company, valued at $4,225,697. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
RBC Bearings stock opened at $108.54 on Friday. The business has a 50-day simple moving average of $95.86. RBC Bearings Incorporated has a twelve month low of $81.01 and a twelve month high of $126.88.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 1st were issued a $1.25 dividend. The ex-dividend date was Thursday, June 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.61%.
Large investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new position in shares of RBC Bearings during the 1st quarter worth about $40,000. Citigroup Inc. purchased a new position in shares of RBC Bearings during the 1st quarter worth about $682,000. Palisade Capital Management LLC NJ purchased a new position in shares of RBC Bearings during the 1st quarter worth about $1,990,000. SG Americas Securities LLC purchased a new position in shares of RBC Bearings during the 1st quarter worth about $3,291,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of RBC Bearings during the 1st quarter worth about $3,319,000.
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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