Brasada Capital Management LP Purchases Shares of 4,900 Timken Company (The) $TKR

Brasada Capital Management LP acquired a new position in Timken Company (The) (NYSE:TKR) in the 2nd quarter, HoldingsChannel reports. The firm acquired 4,900 shares of the industrial products company’s stock, valued at approximately $712,000.

Several other institutional investors have also bought and sold shares of the stock. Royal Bank of Canada lifted its stake in Timken by 44.2% during the 1st quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock valued at $6,508,000 after acquiring an additional 27,750 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Timken by 147.0% during the first quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock worth $25,569,000 after purchasing an additional 211,718 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Timken by 7.6% in the 1st 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 worth $16,305,000 after purchasing an additional 16,000 shares in the last quarter. Prudential Financial Inc. increased its stake in Timken by 18.7% in the 2nd quarter. Prudential Financial Inc. now owns 6,815 shares of the industrial products company’s stock valued at $494,000 after buying an additional 1,075 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Timken by 241.7% in the 2nd quarter. Invesco Ltd. now owns 604,879 shares of the industrial products company’s stock worth $43,884,000 after buying an additional 427,879 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ajita G. Rajendra sold 8,450 shares of the business’s stock in a transaction on 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 completion of the transaction, the director directly owned 20,225 shares in the company, valued at $2,656,351.50. The trade was a 29.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard G. Kyle sold 13,637 shares of the company’s stock in a transaction on Monday, August 10th. The stock was 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 in the company, valued at approximately $23,264,970.12. The trade was a 6.91% decrease in their position. The SEC filing for this sale provides additional information. 8.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TKR. Evercore reiterated an “outperform” rating and set a $158.00 price target on shares of Timken in a report on Monday, May 11th. DA Davidson set a $130.00 price target on shares of Timken in a report on Friday, August 14th. KeyCorp raised their price objective on shares of Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Oppenheimer increased their target price 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. Finally, The Goldman Sachs Group upped their price objective on Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.00.

Timken Stock Performance

NYSE:TKR opened at $124.41 on Friday. The business’s fifty day moving average is $135.44 and its 200 day moving average is $120.23. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 1.48 and a beta of 1.21. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10. Timken Company has a 52-week low of $70.57 and a 52-week high of $146.37.

Timken (NYSE:TKR) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.62 by $0.21. Timken had a return on equity of 12.63% and a net margin of 5.43%.The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company earned $1.12 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Research analysts predict that Timken Company will post 6.25 EPS for the current year.

Timken Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a 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%.

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.