Sanctuary Advisors LLC Purchases Shares of 12,175 Timken Company (The) $TKR

Sanctuary Advisors LLC acquired a new stake in Timken Company (The) (NYSE:TKRFree Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,175 shares of the industrial products company’s stock, valued at approximately $1,769,000.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Timken in the second quarter valued at approximately $869,997,000. Dimensional Fund Advisors LP raised its position in Timken by 8.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock worth $290,320,000 after buying an additional 214,845 shares during the last quarter. UBS Group AG raised its position in Timken by 734.7% during the 3rd quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after buying an additional 2,012,352 shares during the last quarter. Victory Capital Management Inc. lifted its stake 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 acquiring an additional 247,000 shares during the period. Finally, Invesco Ltd. lifted its stake in Timken by 1.0% during the 4th quarter. Invesco Ltd. now owns 1,371,613 shares of the industrial products company’s stock valued at $115,394,000 after acquiring an additional 13,459 shares during the period. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Ajita G. Rajendra sold 8,450 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $131.34, for a total value of $1,109,823.00. Following the completion of the transaction, the director owned 20,225 shares of the company’s stock, valued at approximately $2,656,351.50. This represents a 29.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard G. Kyle sold 13,637 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $126.63, for a total value of $1,726,853.31. Following the transaction, the director owned 183,724 shares in the company, valued at $23,264,970.12. This represents a 6.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.10% of the stock is owned by insiders.

Analyst Ratings Changes

TKR has been the topic of a number of research reports. Morgan Stanley set a $140.00 price objective on shares of Timken in a research note on Thursday, May 21st. KeyCorp upped their price target on shares of Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Oppenheimer increased their price target on Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their price objective on Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Finally, The Goldman Sachs Group boosted their price objective on Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $150.00.

Check Out Our Latest Analysis on TKR

Timken Stock Performance

TKR opened at $126.04 on Thursday. The firm has a fifty day moving average price of $135.79 and a 200 day moving average price of $120.10. Timken Company has a 1 year low of $70.57 and a 1 year high of $146.37. The stock has a market cap of $8.73 billion, a P/E ratio of 34.16, a P/E/G ratio of 1.44 and a beta of 1.21. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.10 and a quick ratio of 1.74.

Timken (NYSE:TKRGet Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.62 by $0.21. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates 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 last year, the business earned $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Equities research analysts anticipate that Timken Company will post 6.25 earnings per share for the current year.

Timken Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. Timken’s dividend payout ratio (DPR) is 39.02%.

About Timken

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Timken (NYSE:TKR)

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