Steven H. Kaplan Sells 500 Shares of RBC Bearings Incorporated (NASDAQ:ROLLP) Stock

RBC Bearings Incorporated (NASDAQ:ROLLPGet Rating) Director Steven H. Kaplan sold 500 shares of RBC Bearings stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $256.61, for a total transaction of $128,305.00. Following the sale, the director now owns 6,700 shares of the company’s stock, valued at $1,719,287. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

RBC Bearings Price Performance

Shares of ROLLP opened at $113.45 on Thursday. RBC Bearings Incorporated has a fifty-two week low of $81.01 and a fifty-two week high of $127.19. The business has a 50 day simple moving average of $115.67.

RBC Bearings Dividend Announcement

The firm also recently disclosed 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 4.41%.

Institutional Investors Weigh In On RBC Bearings

A number of hedge funds have recently made changes to their positions in ROLLP. State Street Corp raised its holdings in RBC Bearings by 4.1% during the 2nd quarter. State Street Corp now owns 75,750 shares of the company’s stock valued at $7,258,000 after buying an additional 3,000 shares during the last quarter. Wells Fargo & Company MN raised its holdings in RBC Bearings by 12.4% during the 2nd quarter. Wells Fargo & Company MN now owns 120,625 shares of the company’s stock valued at $11,385,000 after buying an additional 13,300 shares during the last quarter. FMR LLC raised its holdings in RBC Bearings by 23.4% during the 2nd quarter. FMR LLC now owns 177,600 shares of the company’s stock valued at $16,906,000 after buying an additional 33,700 shares during the last quarter. Van ECK Associates Corp raised its holdings in RBC Bearings by 17.5% during the 2nd quarter. Van ECK Associates Corp now owns 61,351 shares of the company’s stock valued at $5,790,000 after buying an additional 9,157 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its position in RBC Bearings by 32.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 408,956 shares of the company’s stock valued at $38,974,000 after purchasing an additional 99,244 shares during the period.

About RBC Bearings

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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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Insider Buying and Selling by Quarter for RBC Bearings (NASDAQ:ROLLP)

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