SG Americas Securities LLC Buys 67,193 Shares of Timken Company (The) $TKR

SG Americas Securities LLC raised its stake in Timken Company (The) (NYSE:TKR) by 714.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,598 shares of the industrial products company’s stock after acquiring an additional 67,193 shares during the period. SG Americas Securities LLC owned approximately 0.11% of Timken worth $6,444,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada raised its stake in Timken by 44.2% in the first quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock valued at $6,508,000 after purchasing an additional 27,750 shares in the last quarter. Goldman Sachs Group Inc. grew its stake 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 buying an additional 211,718 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Timken by 7.6% during the first 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 buying an additional 16,000 shares in the last quarter. Creative Planning increased its holdings in Timken by 15.2% in the 2nd quarter. Creative Planning now owns 10,351 shares of the industrial products company’s stock valued at $751,000 after buying an additional 1,366 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Timken by 2.4% in the 2nd quarter. Legal & General Group Plc now owns 141,314 shares of the industrial products company’s stock valued at $10,252,000 after buying an additional 3,323 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Timken

In related news, Director Richard G. Kyle sold 19,636 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $107.99, for a total transaction of $2,120,491.64. Following the sale, the director owned 243,636 shares in the company, valued at $26,310,251.64. The trade was a 7.46% 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.

Analyst Ratings Changes

A number of analysts have recently weighed in on TKR shares. Morgan Stanley upped their price target on shares of Timken from $116.00 to $119.00 and gave the stock an “overweight” rating in a report on Monday. DA Davidson boosted their price objective on shares of Timken from $86.00 to $108.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 target price on shares of Timken in a research note on Thursday, March 26th. Citigroup raised their target price on Timken from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Timken has an average rating of “Hold” and a consensus target price of $95.22.

Timken Trading Up 4.7%

Shares of Timken stock opened at $100.45 on Wednesday. The firm’s 50 day moving average is $101.62 and its 200 day moving average is $88.19. The firm has a market capitalization of $7.01 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.40 and a beta of 1.18. Timken Company has a 1 year low of $56.20 and a 1 year high of $111.39. The company has a current ratio of 2.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.56.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. Timken had a net margin of 6.29% and a return on equity of 11.52%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. Equities research analysts forecast that Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Tuesday, February 24th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. Timken’s dividend payout ratio (DPR) is 34.06%.

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.