The Manufacturers Life Insurance Company Makes New Investment in Timken Company (The) $TKR

The Manufacturers Life Insurance Company purchased a new position in shares of Timken Company (The) (NYSE:TKR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 522,825 shares of the industrial products company’s stock, valued at approximately $75,977,000.

A number of other hedge funds have also recently modified their holdings of the business. Gordian Capital Singapore Pte Ltd bought a new position in Timken in the 4th quarter worth $25,000. Clearstead Advisors LLC grew its holdings in Timken by 130.3% during the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 172 shares during the period. Allworth Financial LP bought a new stake in Timken during the second quarter valued at about $37,000. Elevation Wealth Partners LLC increased its position in Timken by 420.0% in the second quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company’s stock worth $38,000 after buying an additional 210 shares in the last quarter. Finally, Trust Co. of Vermont bought a new position in shares of Timken in the second quarter worth about $41,000. Institutional investors own 89.08% of the company’s stock.

Wall Street Analyst Weigh In

TKR has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Morgan Stanley set a $140.00 target price on shares of Timken in a report on Thursday, May 21st. DA Davidson set a $130.00 target price on shares of Timken in a research note on Friday, August 14th. Evercore reaffirmed an “outperform” rating and set a $158.00 price target on shares of Timken in a report on Monday, May 11th. Finally, Citigroup upped their price target on shares of Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Timken has an average rating of “Moderate Buy” and a consensus price target of $150.00.

Timken Stock Down 0.2%

NYSE TKR opened at $122.52 on Wednesday. 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 3.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61. The stock has a market cap of $8.49 billion, a PE ratio of 33.20, a P/E/G ratio of 1.44 and a beta of 1.21. The stock’s 50 day moving average is $136.06 and its 200 day moving average is $119.93.

Timken (NYSE:TKR) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.21. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $1.12 EPS. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Research analysts predict that Timken Company will post 6.26 EPS for the current fiscal year.

Timken Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, August 18th. Timken’s payout ratio is currently 39.02%.

Insiders Place Their Bets

In other Timken news, Director Ajita G. Rajendra sold 8,450 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $131.34, for a total value of $1,109,823.00. Following the sale, the director owned 20,225 shares in the company, valued at $2,656,351.50. The trade was a 29.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard G. Kyle sold 13,637 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the transaction, the director directly owned 183,724 shares of the company’s stock, valued at $23,264,970.12. This trade represents a 6.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 8.10% of the company’s stock.

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.