1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Articles (1311) 

President and CEO of RBC Bearings Michael J. Hartnett Sells 29,000 Shares

July 10, 2012 | About:

RBC Bearings Incorporated (NASDAQ:ROLL) 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 (NASDAQ:ROLL) 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 23.

GuruFocus Guru John Keeley 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 quarter.

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.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

» Take a Free Trial of Premium Membership

Rating: 1.7/5 (7 votes)


Please leave your comment:

Performances of the stocks mentioned by GuruFocus

User Generated Screeners

mkettler0217hunting grounds
wqecapitalscreening value growth
wqecapitalscreening 1 value growth
buddyswintAquirer's Multiple
HOLKLSUTrump Trade - Late Stage
HOLKLSUTrump Trade Group-Late Stage
jlhpersonalJason's Greenblatt - Updated L
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat