SummitTX Capital L.P. Purchases Shares of 42,754 Timken Company (The) $TKR

SummitTX Capital L.P. acquired a new stake in shares of Timken Company (The) (NYSE:TKR) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 42,754 shares of the industrial products company’s stock, valued at approximately $4,300,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TKR. Gordian Capital Singapore Pte Ltd purchased a new stake in Timken in the 4th quarter valued at $25,000. Clearstead Advisors LLC raised its position 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 bought a new stake in shares of Timken in the 4th quarter worth approximately $27,000. V Square Quantitative Management LLC purchased a new position in shares of Timken during the 4th quarter valued at $31,000. Finally, Kestra Investment Management LLC purchased a new stake in Timken during the second quarter valued at about $42,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Insider Activity at Timken

In related news, Director Richard G. Kyle sold 37,181 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $117.34, for a total transaction of $4,362,818.54. Following the completion of the transaction, the director directly owned 206,455 shares of the company’s stock, valued at approximately $24,225,429.70. This represents a 15.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John M. Timken, Jr. sold 15,000 shares of Timken stock in a transaction on Friday, May 8th. The stock was sold at an average price of $116.51, for a total transaction of $1,747,650.00. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 69,079 shares of company stock worth $8,296,144. 8.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TKR has been the topic of a number of recent research reports. Evercore reissued an “outperform” rating and set a $158.00 price objective on shares of Timken in a report on Monday, May 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research report on Friday, July 17th. Morgan Stanley set a $140.00 price target on shares of Timken in a research report on Thursday, May 21st. The Goldman Sachs Group raised their price objective on Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Finally, DA Davidson started coverage on shares of Timken in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $130.00 target price on the stock. Six investment 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.00.

Timken Price Performance

TKR opened at $141.08 on Tuesday. The stock has a 50-day moving average price of $135.37 and a 200-day moving average price of $114.39. The firm has a market cap of $9.81 billion, a PE ratio of 32.06, a P/E/G ratio of 1.69 and a beta of 1.20. Timken Company has a 1 year low of $70.57 and a 1 year high of $146.37. 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 (NYSE:TKR) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.50 by $0.17. Timken had a return on equity of 11.84% and a net margin of 6.60%.The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the firm posted $1.40 earnings per share. Timken’s revenue was up 8.0% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Sell-side analysts predict that Timken Company will post 6.16 earnings per share for the current fiscal year.

Timken Increases Dividend

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

Timken Company 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.