13,221 Shares in Timken Company (The) $TKR Purchased by Maverick Capital Ltd.

Maverick Capital Ltd. purchased a new stake in shares of Timken Company (The) (NYSE:TKR) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,221 shares of the industrial products company’s stock, valued at approximately $1,330,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Timken during the fourth quarter valued at approximately $25,000. Clearstead Advisors LLC lifted its stake in Timken by 130.3% in the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 172 shares during the period. Eastern Bank purchased a new stake in Timken in the fourth quarter worth $27,000. V Square Quantitative Management LLC bought a new stake in Timken in the fourth quarter valued at $31,000. Finally, Kestra Investment Management LLC bought a new stake in Timken in the second quarter valued at $42,000. Institutional investors own 89.08% of the company’s stock.

Insider Buying and Selling

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

Timken Price Performance

TKR opened at $141.08 on Tuesday. The stock has a fifty day simple moving average of $135.37 and a two-hundred day simple moving average of $114.39. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.60. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 1.69 and a beta of 1.20. Timken Company has a 12-month low of $70.57 and a 12-month high of $146.37.

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

Timken Increases Dividend

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

Wall Street Analysts Forecast Growth

TKR has been the subject of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research note on Friday, July 17th. Evercore reiterated an “outperform” rating and set a $158.00 price target on shares of Timken in a research report on Monday, May 11th. The Goldman Sachs Group increased their price target on shares of Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Finally, KeyCorp raised their price objective on shares of Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $150.00.

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.