Gabelli Funds LLC Sells 11,772 Shares of Timken Company (The) $TKR

Gabelli Funds LLC reduced its holdings in shares of Timken Company (The) (NYSE:TKR) by 4.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,568 shares of the industrial products company’s stock after selling 11,772 shares during the quarter. Gabelli Funds LLC’s holdings in Timken were worth $27,814,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC raised its holdings in Timken by 4.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,537 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 104 shares during the period. Parallel Advisors LLC lifted its position in shares of Timken by 4.1% during the first quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 116 shares in the last quarter. Uncommon Cents Investing LLC boosted its holdings in shares of Timken by 0.5% in the fourth quarter. Uncommon Cents Investing LLC now owns 27,465 shares of the industrial products company’s stock worth $2,311,000 after acquiring an additional 125 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Timken by 3.2% in the third quarter. Quadrant Capital Group LLC now owns 4,319 shares of the industrial products company’s stock worth $325,000 after acquiring an additional 132 shares during the period. Finally, Hilltop Holdings Inc. grew its position in shares of Timken by 3.7% in the third quarter. Hilltop Holdings Inc. now owns 3,997 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 142 shares in the last quarter. 89.08% of the stock is owned by institutional investors.

Timken Stock Up 0.3%

TKR opened at $141.30 on Friday. The company has a fifty day moving average price of $134.80 and a 200-day moving average price of $113.86. The firm has a market capitalization of $9.82 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 1.69 and a beta of 1.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.88 and a quick ratio of 1.55. Timken Company has a one year low of $70.57 and a one year high of $146.37.

Timken (NYSE:TKR) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.17. Timken had a net margin of 6.60% and a return on equity of 11.84%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the firm posted $1.40 earnings per share. The business’s quarterly revenue was up 8.0% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Equities research analysts expect that Timken Company will post 6.16 earnings per share for the current fiscal year.

Timken Increases Dividend

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

Insiders Place Their Bets

In other news, Director Ajita G. Rajendra sold 8,450 shares of Timken stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $131.34, for a total transaction of $1,109,823.00. Following the completion of the sale, the director owned 20,225 shares in the company, valued at approximately $2,656,351.50. This trade represents a 29.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John M. Timken, Jr. sold 15,000 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $116.51, for a total value of $1,747,650.00. Following the transaction, the director directly owned 264,744 shares of the company’s stock, valued at $30,845,323.44. The trade was a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 69,079 shares of company stock worth $8,296,144 in the last ninety days. 8.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Evercore reiterated an “outperform” rating and set a $158.00 price objective on shares of Timken in a research note on Monday, May 11th. The Goldman Sachs Group raised their target price on Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Morgan Stanley set a $140.00 target price on Timken in a report on Thursday, May 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research report on Friday, July 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $150.00.

Timken Profile

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.