Sei Investments Co. Has $34.73 Million Stock Position in Timken Company (The) $TKR

Sei Investments Co. lessened its stake in shares of Timken Company (The) (NYSE:TKR) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,350 shares of the industrial products company’s stock after selling 4,457 shares during the quarter. Sei Investments Co. owned about 0.50% of Timken worth $34,732,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. UBS Group AG raised its position in shares of Timken by 734.7% during the third quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after purchasing an additional 2,012,352 shares during the period. Invesco Ltd. increased its stake in Timken by 124.5% during the 3rd quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company’s stock valued at $102,106,000 after purchasing an additional 753,275 shares in the last quarter. Norges Bank bought a new stake in Timken during the 4th quarter valued at $47,644,000. Alyeska Investment Group L.P. acquired a new position in Timken during the fourth quarter worth $44,421,000. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Timken by 235.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 735,354 shares of the industrial products company’s stock valued at $61,865,000 after buying an additional 515,948 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Oppenheimer raised their price target on shares of Timken from $147.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a report on Friday, July 17th. JPMorgan Chase & Co. increased their price objective on Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Citigroup raised their target price on Timken from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group lifted their target price on Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

Timken Stock Down 0.2%

TKR opened at $141.08 on Tuesday. Timken Company has a fifty-two week low of $70.57 and a fifty-two week high of $146.37. The firm has a market capitalization of $9.81 billion, a P/E ratio of 32.06, a PEG ratio of 1.69 and a beta of 1.20. The company’s 50-day moving average is $135.37 and its 200 day moving average is $114.39. 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 issued its quarterly earnings data 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. Timken had a net margin of 6.60% and a return on equity of 11.84%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm posted $1.40 EPS. The firm’s quarterly 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. Research analysts expect that Timken Company will post 6.16 earnings per share for the current fiscal year.

Timken Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were issued a $0.36 dividend. This is a boost from Timken’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, May 19th. Timken’s dividend payout ratio is currently 32.73%.

Insider Activity at Timken

In other Timken news, Director John M. Timken, Jr. sold 15,000 shares of the company’s 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 represents a 5.36% 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 8,448 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $127.35, for a total value of $1,075,852.80. Following the sale, the director directly owned 197,361 shares of the company’s stock, valued at approximately $25,133,923.35. This represents a 4.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 69,079 shares of company stock valued at $8,296,144. 8.10% of the stock is owned by insiders.

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.