Ritholtz Wealth Management Purchases Shares of 6,529 Timken Company (The) $TKR

Ritholtz Wealth Management acquired a new position in shares of Timken Company (The) (NYSE:TKR) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 6,529 shares of the industrial products company’s stock, valued at approximately $657,000.

A number of other large investors also recently modified their holdings of the stock. UBS Group AG grew its holdings in Timken by 734.7% during the third quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after buying an additional 2,012,352 shares in the last quarter. Invesco Ltd. lifted its stake in Timken by 124.5% during the 3rd quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company’s stock valued at $102,106,000 after acquiring an additional 753,275 shares in the last quarter. Norges Bank bought a new position in Timken during the 4th quarter valued at $47,644,000. Alyeska Investment Group L.P. purchased a new position in Timken during the 4th quarter worth $44,421,000. Finally, Balyasny Asset Management L.P. grew its stake in shares of Timken by 235.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 735,354 shares of the industrial products company’s stock worth $61,865,000 after acquiring an additional 515,948 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a report on Monday, April 20th. DA Davidson initiated coverage on shares of Timken in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $130.00 price objective for the company. Oppenheimer boosted their target price on Timken from $137.00 to $147.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. KeyCorp upped their target price on Timken from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised Timken from a “neutral” rating to an “overweight” rating and increased their price target for the company from $130.00 to $150.00 in a research report on Tuesday, May 26th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $141.62.

Timken Stock Performance

Shares of TKR stock opened at $145.32 on Wednesday. The stock has a market capitalization of $10.10 billion, a P/E ratio of 33.03, a PEG ratio of 1.72 and a beta of 1.21. The firm’s 50 day moving average is $125.10 and its 200 day moving average is $107.31. Timken Company has a 12 month low of $70.57 and a 12 month high of $146.37. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.60.

Timken (NYSE:TKR) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. Timken had a return on equity of 11.84% and a net margin of 6.60%.The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company earned $1.40 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. On average, sell-side analysts anticipate that Timken Company will post 6.14 earnings per share for the current year.

Timken Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Timken’s previous quarterly dividend of $0.35. The ex-dividend date was Tuesday, May 19th. Timken’s dividend payout ratio (DPR) is 32.73%.

Insider Buying and Selling

In other Timken news, Director Ajita G. Rajendra sold 8,450 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $131.34, for a total value of $1,109,823.00. Following the transaction, the director directly owned 20,225 shares in the company, valued at $2,656,351.50. This represents a 29.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard G. Kyle sold 8,448 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $127.35, for a total value of $1,075,852.80. Following the completion of the sale, the director directly owned 197,361 shares in the company, valued at approximately $25,133,923.35. The trade was a 4.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 69,079 shares of company stock worth $8,296,144. Corporate insiders own 8.10% of the company’s stock.

About Timken

The Timken Company is a global manufacturer specializing in engineered bearings and mechanical power transmission products. Its core offerings include tapered and cylindrical roller bearings, spherical and plain bearings, mounted bearing units, and precision gear drives. Timken’s products serve a broad range of industries, from industrial machinery and aerospace to automotive, rail, wind energy and heavy equipment.

Beyond bearings, Timken’s portfolio extends to industrial chains, belts, couplings and related components designed to optimize power transmission systems.