26,350 Shares in Timken Company (The) $TKR Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Timken Company (The) (NYSE:TKR) in the second quarter, Holdings Channel reports. The firm purchased 26,350 shares of the industrial products company’s stock, valued at approximately $3,829,000.

Other large investors have also added to or reduced their stakes in the company. California State Teachers Retirement System increased its position in shares of Timken by 14,043.7% in the second quarter. California State Teachers Retirement System now owns 11,063,648 shares of the industrial products company’s stock valued at $1,607,769,000 after acquiring an additional 10,985,425 shares during the period. BlackRock Inc. purchased a new stake in shares of Timken during the second quarter worth about $869,997,000. Dimensional Fund Advisors LP grew its stake in shares of Timken by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock worth $290,320,000 after purchasing an additional 214,845 shares during the last quarter. UBS Group AG grew its stake in shares of Timken by 734.7% in 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 last quarter. Finally, Victory Capital Management Inc. increased its holdings in Timken by 15.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,843,042 shares of the industrial products company’s stock valued at $155,055,000 after purchasing an additional 247,000 shares during the period. Institutional investors own 89.08% of the company’s stock.

Insider Transactions at Timken

In related news, Director Richard Kyle sold 13,637 shares of Timken 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 $23,264,970.12. This trade represents a 6.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. The Goldman Sachs Group increased their price objective on Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Morgan Stanley set a $140.00 target price on Timken in a report on Thursday, May 21st. Jefferies Financial Group set a $135.00 price target on Timken in a research note on Tuesday, September 1st. JPMorgan Chase & Co. lifted 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, KeyCorp upped 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. Seven 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.50.

Timken Trading Down 3.8%

TKR opened at $119.19 on Thursday. The company has a quick ratio of 1.74, a current ratio of 3.10 and a debt-to-equity ratio of 0.61. Timken Company has a 52 week low of $70.57 and a 52 week high of $146.37. The stock has a market cap of $8.26 billion, a PE ratio of 32.30, a PEG ratio of 1.37 and a beta of 1.21. The business has a 50 day moving average of $131.77 and a 200-day moving average of $121.09.

Timken (NYSE:TKR) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.21. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Timken had a return on equity of 12.63% and a net margin of 5.43%.The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Equities research analysts predict that Timken Company will post 6.26 earnings per share for the current fiscal year.

Timken Announces Dividend

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

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.