Jefferies Financial Group Inc. purchased a new stake in Timken Company (The) (NYSE:TKR – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm purchased 12,798 shares of the industrial products company’s stock, valued at approximately $1,077,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Intrust Bank NA raised its stake in shares of Timken by 4.4% in the 4th quarter. Intrust Bank NA now owns 5,356 shares of the industrial products company’s stock valued at $451,000 after purchasing an additional 224 shares during the period. Covestor Ltd raised its stake in shares of Timken by 9.8% in the 4th quarter. Covestor Ltd now owns 2,456 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 219 shares during the period. Larson Financial Group LLC increased its position in shares of Timken by 259.7% in the fourth quarter. Larson Financial Group LLC now owns 633 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 457 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of Timken by 24.5% in the fourth quarter. Handelsbanken Fonder AB now owns 22,900 shares of the industrial products company’s stock valued at $1,927,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Integrated Investment Consultants LLC acquired a new stake in shares of Timken in the fourth quarter valued at about $218,000. Institutional investors and hedge funds own 89.08% of the company’s stock.
Insider Buying and Selling
In other news, Director John M. Timken, Jr. sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $116.51, for a total value of $1,747,650.00. Following the transaction, the director owned 264,744 shares of the company’s stock, valued at approximately $30,845,323.44. This represents a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard G. Kyle sold 37,181 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $117.34, for a total value of $4,362,818.54. Following the completion of the transaction, the director directly owned 206,455 shares in the company, valued at $24,225,429.70. The trade was a 15.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 8.10% of the company’s stock.
Timken News Roundup
- Positive Sentiment: Timken hit a 52-week high after Investor Day updates highlighted growth targets, margin expansion plans, and acquisitions as key drivers of future value. Timken Stock Hits 52-Week High: What’s Driving Its Performance?
- Positive Sentiment: Zacks Research raised multiple earnings estimates for Timken, including Q2 2026, Q1 2027, Q2 2027, FY2026, and FY2027, signaling improving analyst expectations for profitability.
- Positive Sentiment: One report also noted that Timken’s recent surge reflects strong momentum and a “real sense of urgency” among investors, while the stock’s fundamentals continue to support the move. The Timken Company: A Real Sense Of Urgency Is Driving Shares Here
- Neutral Sentiment: Some valuation commentary suggests the stock may now look expensive after its run higher, but that has not yet outweighed the positive earnings and strategy news. The Timken Co (TKR) Stock Up 6.2% but GF Value Says Overvalued
Timken Trading Down 0.4%
Timken stock opened at $126.68 on Friday. Timken Company has a 52 week low of $67.14 and a 52 week high of $128.31. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.55 and a current ratio of 2.88. The stock has a market capitalization of $8.80 billion, a P/E ratio of 28.79, a PEG ratio of 1.53 and a beta of 1.18. The stock has a 50-day simple moving average of $108.61 and a 200 day simple moving average of $97.99.
Timken (NYSE:TKR – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. Timken had a return on equity of 11.84% and a net margin of 6.60%.The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company posted $1.40 earnings per share. Timken’s quarterly revenue was up 8.0% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Analysts expect that Timken Company will post 6.13 earnings per share for the current year.
Timken Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.1%. This is a boost from Timken’s previous quarterly dividend of $0.35. The ex-dividend date is Tuesday, May 19th. Timken’s dividend payout ratio (DPR) is 32.73%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. The Goldman Sachs Group set a $128.00 target price on Timken in a research report on Friday, May 22nd. Evercore reaffirmed an “outperform” rating and issued a $158.00 target price on shares of Timken in a research report on Monday, May 11th. Wall Street Zen raised Timken from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. KeyCorp lifted their target price on Timken from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research report on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.13.
Check Out Our Latest Research Report on Timken
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.
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