Legal & General Group Plc Decreases Position in Timken Company (The) $TKR

Legal & General Group Plc lowered its stake in Timken Company (The) (NYSE:TKR) by 21.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 103,556 shares of the industrial products company’s stock after selling 28,814 shares during the quarter. Legal & General Group Plc’s holdings in Timken were worth $8,712,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Uncommon Cents Investing LLC lifted its position in Timken by 0.5% during the 4th quarter. Uncommon Cents Investing LLC now owns 27,465 shares of the industrial products company’s stock worth $2,311,000 after acquiring an additional 125 shares in the last quarter. Quadrant Capital Group LLC grew its position in Timken by 3.2% in the third quarter. Quadrant Capital Group LLC now owns 4,319 shares of the industrial products company’s stock valued at $325,000 after acquiring an additional 132 shares in the last quarter. Hilltop Holdings Inc. raised its stake in shares of Timken by 3.7% during the third quarter. Hilltop Holdings Inc. now owns 3,997 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 142 shares during the period. Winslow Asset Management Inc. raised its stake in shares of Timken by 2.5% during the third quarter. Winslow Asset Management Inc. now owns 6,114 shares of the industrial products company’s stock valued at $460,000 after purchasing an additional 150 shares during the period. Finally, AlphaQuest LLC lifted its position in shares of Timken by 11.4% during the third quarter. AlphaQuest LLC now owns 1,744 shares of the industrial products company’s stock worth $131,000 after purchasing an additional 178 shares in the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Timken Stock Up 1.4%

Shares of NYSE:TKR opened at $133.73 on Friday. The firm has a market cap of $9.29 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 1.58 and a beta of 1.21. The company has a fifty day simple moving average of $111.83 and a 200 day simple moving average of $99.84. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.60. Timken Company has a 12-month low of $69.25 and a 12-month high of $134.00.

Timken (NYSE:TKR) last posted its quarterly earnings data 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 the consensus estimate of $1.17 billion. Timken had a net margin of 6.60% and a return on equity of 11.84%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. On average, equities research analysts anticipate that Timken Company will post 6.13 EPS for the current fiscal year.

Timken Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This is a positive change from Timken’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. Timken’s dividend payout ratio is 32.73%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. KeyCorp upped their target price on shares of Timken from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised shares of Timken from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $130.00 to $150.00 in a research note on Tuesday, May 26th. Morgan Stanley set a $140.00 price objective on shares of Timken in a research report on Thursday, May 21st. DA Davidson raised their target price on Timken from $117.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, May 21st. Finally, Evercore reaffirmed an “outperform” rating and set a $158.00 target price on shares of Timken in a research report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $139.13.

Insider Transactions at Timken

In related news, Director Richard G. Kyle sold 37,181 shares of Timken stock in a transaction dated Friday, May 8th. The stock was 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 directly owned 206,455 shares in the company, valued at approximately $24,225,429.70. This trade represents a 15.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John M. Timken, Jr. sold 15,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $116.51, for a total value of $1,747,650.00. Following the completion of the sale, the director directly owned 264,744 shares of the company’s stock, valued at approximately $30,845,323.44. This represents a 5.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 60,629 shares of company stock valued at $7,186,321 over the last quarter. Insiders own 8.10% of the company’s stock.

Timken 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.