Timken Company (The) $TKR Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP decreased its position in Timken Company (The) (NYSE:TKR) by 8.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 308,070 shares of the industrial products company’s stock after selling 29,661 shares during the period. Cooke & Bieler LP’s holdings in Timken were worth $35,967,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Segall Bryant & Hamill LLC increased its holdings in shares of Timken by 29.9% in the first quarter. Segall Bryant & Hamill LLC now owns 451,516 shares of the industrial products company’s stock worth $45,409,000 after acquiring an additional 103,904 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new stake in shares of Timken during the second quarter worth about $4,506,000. Nykredit A S bought a new position in shares of Timken during the 2nd quarter valued at about $108,692,000. State of Wyoming bought a new position in shares of Timken during the 2nd quarter valued at about $1,466,000. Finally, Corient Private Wealth LP lifted its holdings in shares of Timken by 168.9% during the 2nd quarter. Corient Private Wealth LP now owns 51,894 shares of the industrial products company’s stock valued at $7,541,000 after purchasing an additional 32,598 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Analyst Ratings Changes

TKR has been the subject of several research analyst reports. DA Davidson set a $130.00 price objective on Timken in a research report on Friday, August 14th. Wall Street Zen downgraded shares of Timken from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Weiss Ratings raised shares of Timken from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 20th. JPMorgan Chase & Co. upped their price target on shares of Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Finally, Jefferies Financial Group set a $135.00 price objective on shares of Timken in a research report on Tuesday, September 1st. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

Timken Stock Performance

Shares of TKR stock opened at $114.95 on Thursday. The company’s fifty day simple moving average is $119.57 and its 200-day simple moving average is $124.08. The company has a quick ratio of 1.74, a current ratio of 3.10 and a debt-to-equity ratio of 0.61. The firm has a market cap of $7.97 billion, a PE ratio of 31.15, a P/E/G ratio of 1.26 and a beta of 1.18. Timken Company has a 12 month low of $73.62 and a 12 month high of $146.37.

Timken (NYSE:TKR) last announced 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. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Equities research analysts expect that Timken Company will post 6.25 EPS for the current fiscal year.

Timken Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.44 annualized dividend and a yield of 1.3%. Timken’s payout ratio is 39.02%.

Insider Buying and Selling

In other news, Director Richard 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 in the company, valued at $23,264,970.12. This represents a 6.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 8.10% of the stock is owned by company insiders.

Timken Company Profile

Timken is an industrial manufacturer that designs and produces engineered bearings and power transmission products. Its offerings include tapered and spherical roller bearings, precision bearings, seals, lubrication systems, gears, belts, chains, couplings, and other components used to manage friction, motion, and power transmission.

The company serves customers across a range of industries, including industrial machinery, renewable energy, transportation, aerospace, defense, agriculture, construction, and energy.