4,336 Shares in Timken Company (The) $TKR Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC bought a new stake in shares of Timken Company (The) (NYSE:TKR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,336 shares of the industrial products company’s stock, valued at approximately $630,000.

A number of other large investors also recently added to or reduced their stakes in TKR. BlackRock Inc. purchased a new position in Timken in the 2nd quarter worth approximately $869,997,000. UBS Group AG grew its holdings in Timken by 734.7% during 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 buying an additional 2,012,352 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Timken during the second quarter valued at approximately $140,755,000. Invesco Ltd. raised its position in shares of Timken by 124.5% during the third quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company’s stock valued at $102,106,000 after buying an additional 753,275 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Timken in the fourth quarter worth $47,644,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Ajita G. Rajendra sold 8,450 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $131.34, for a total transaction of $1,109,823.00. Following the sale, the director directly owned 20,225 shares in the company, valued at approximately $2,656,351.50. This represents a 29.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 completion of the transaction, the director directly owned 183,724 shares of the company’s stock, valued at approximately $23,264,970.12. The trade was a 6.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,535 shares of company stock valued at $3,912,529 over the last three months. Corporate insiders own 8.10% of the company’s stock.

Timken Stock Up 0.4%

Shares of TKR opened at $125.07 on Friday. 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 stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 1.47 and a beta of 1.21. Timken Company has a 1 year low of $70.57 and a 1 year high of $146.37. The business’s 50 day simple moving average is $136.75 and its 200-day simple moving average is $119.40.

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

Timken Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TKR shares. JPMorgan Chase & Co. upped their target price on shares of Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. The Goldman Sachs Group lifted their price target on shares of Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Evercore reiterated an “outperform” rating and issued a $158.00 price target on shares of Timken in a research note on Monday, May 11th. DA Davidson set a $130.00 price objective on shares of Timken in a report on Friday, August 14th. Finally, KeyCorp raised their price objective on Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Six equities research 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, Timken currently has an average rating of “Moderate Buy” and an average price target of $150.00.

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.