RBC Bearings Incorporated (
) is an international manufacturer and marketer of highly
engineered precision bearings and components. RBC Bearings
Incorporated has a market cap of $1.05 billion; its shares were
traded at around $47.64 with a P/E ratio of 21.3 and P/S ratio of
2.7. RBC Bearings Incorporated had an annual average earnings
growth of 3.3% over the past five years.
On July 9, 2012, President and CEO of RBC Bearings Incorporated (
) Michael J. Hartnett sold 29,000 shares at an average price of
$47.94. The total transaction amount is $1.4 million.
Michael J. Hartnett has been the CEO and president of ROLL since
April 1992 and chairman of the board since June 1993. Before
coming to RBC Bearings, Hartnett was the president and general
manager of the company's Industrial Tectonics Bearings Corp.
subsidiary from 1990. After that, he worked at Torrington Company
as vice president and general manager for 18 years.
Michael J. Hartnett has also sold 68,724 shares of ROLL stock in
June, May and July 3. Other directors and officers have also sold
shares. Corporate Controller Thomas M. Burigo sold 1,000 shares
of ROLL stock on May 30 at the average price $46.34. VP and
General Manager Richard J. Edwards sold 12,500 and Director
Richard R. Crowell sold 4,500 shares of ROLL stock on February
has reduced his position in RBC Bearings Inc. As of March 31, he
owns 515,600 shares of ROLL, a 21.59% decrease from the previous
On May 30, 2012, RBC Bearings Incorporated reported their 2012
fourth quarter fiscal results. The company reported net income of
$15.5 million and net sales of $111.3 million.
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