747,946 Shares in Timken Company (The) $TKR Acquired by Nykredit A S

Nykredit A S purchased a new position in Timken Company (The) (NYSE:TKR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 747,946 shares of the industrial products company’s stock, valued at approximately $108,692,000.

A number of other hedge funds have also recently added to or reduced their stakes in TKR. BlackRock Inc. acquired a new position in shares of Timken during the second quarter worth approximately $869,997,000. Dimensional Fund Advisors LP grew its position in Timken by 8.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock valued at $290,320,000 after purchasing an additional 214,845 shares during the period. UBS Group AG grew its position in Timken by 734.7% in the 3rd quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock valued at $171,880,000 after purchasing an additional 2,012,352 shares during the period. Victory Capital Management Inc. increased its stake in Timken by 15.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,843,042 shares of the industrial products company’s stock valued at $155,055,000 after purchasing an additional 247,000 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Timken by 1.0% during the 4th quarter. Invesco Ltd. now owns 1,371,613 shares of the industrial products company’s stock valued at $115,394,000 after purchasing an additional 13,459 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Insider Buying and Selling at Timken

In related news, Director Richard G. Kyle sold 13,637 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $126.63, for a total value of $1,726,853.31. Following the completion of the transaction, the director directly owned 183,724 shares of the company’s stock, valued at approximately $23,264,970.12. This trade represents a 6.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ajita G. Rajendra sold 8,450 shares of Timken 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 completion of the transaction, the director owned 20,225 shares of the company’s stock, valued at approximately $2,656,351.50. This trade represents a 29.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 8.10% of the company’s stock.

Timken Price Performance

TKR opened at $120.29 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.10 and a quick ratio of 1.74. The company has a market capitalization of $8.34 billion, a price-to-earnings ratio of 32.60, a P/E/G ratio of 1.40 and a beta of 1.21. The firm’s fifty day moving average price is $133.87 and its two-hundred day moving average price is $120.55. Timken Company has a 1 year low of $70.57 and a 1 year high of $146.37.

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

Timken Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, August 18th. Timken’s dividend payout ratio (DPR) is currently 39.02%.

Wall Street Analysts Forecast Growth

TKR has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. KeyCorp upped their target price on shares of Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Morgan Stanley set a $140.00 price target on shares of Timken in a research report on Thursday, May 21st. Citigroup lifted their price target on Timken from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings raised Timken from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 20th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Timken presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.50.

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.