Timken Company (The) $TKR Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its holdings in shares of Timken Company (The) (NYSE:TKR) by 15.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 331,004 shares of the industrial products company’s stock after selling 61,633 shares during the quarter. Royce & Associates LP’s holdings in Timken were worth $27,847,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TKR. Royal Bank of Canada increased its holdings in shares of Timken by 44.2% during the first quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock valued at $6,508,000 after purchasing an additional 27,750 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Timken by 147.0% during the first quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock valued at $25,569,000 after purchasing an additional 211,718 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Timken by 7.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,872 shares of the industrial products company’s stock valued at $16,305,000 after purchasing an additional 16,000 shares during the period. Prudential Financial Inc. increased its holdings in shares of Timken by 18.7% during the second quarter. Prudential Financial Inc. now owns 6,815 shares of the industrial products company’s stock valued at $494,000 after purchasing an additional 1,075 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Timken by 241.7% during the second quarter. Invesco Ltd. now owns 604,879 shares of the industrial products company’s stock valued at $43,884,000 after purchasing an additional 427,879 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

Timken Price Performance

NYSE:TKR opened at $120.08 on Tuesday. The business’s 50-day moving average price is $106.88 and its 200 day moving average price is $96.97. The firm has a market cap of $8.35 billion, a P/E ratio of 27.29, a PEG ratio of 1.63 and a beta of 1.18. Timken Company has a 52-week low of $67.14 and a 52-week high of $123.67. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 0.60.

Timken (NYSE:TKR) last released its earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. Timken had a return on equity of 11.84% and a net margin of 6.60%.Timken’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 earnings per share. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, sell-side analysts predict that Timken Company will post 6.05 earnings per share for the current fiscal year.

Timken Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This is an increase from Timken’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. Timken’s dividend payout ratio is presently 32.73%.

Insiders Place Their Bets

In related news, Director John M. Timken, Jr. sold 15,000 shares of the stock in a transaction on 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 completion of the transaction, the director owned 264,744 shares in the company, valued at $30,845,323.44. This trade represents a 5.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard G. Kyle sold 37,181 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $117.34, for a total value of $4,362,818.54. Following the completion of the transaction, the director owned 206,455 shares of the company’s stock, valued at $24,225,429.70. This trade represents a 15.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 8.10% of the company’s stock.

Analyst Ratings Changes

TKR has been the topic of a number of research analyst reports. Wall Street Zen raised Timken from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Evercore reissued an “outperform” rating and set a $158.00 price target on shares of Timken in a report on Monday, May 11th. Morgan Stanley set a $140.00 target price on Timken in a report on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a report on Monday, April 20th. Finally, KeyCorp lifted their target price on Timken from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Timken presently has an average rating of “Moderate Buy” and an average target price of $136.63.

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.