New England Research & Management Inc. Buys 5,575 Shares of Timken Company (The) $TKR

New England Research & Management Inc. bought a new stake in Timken Company (The) (NYSE:TKR – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,575 shares of the industrial products company’s stock, valued at approximately $651,000.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Timken during the second quarter worth about $869,997,000. Dimensional Fund Advisors LP increased its stake in Timken by 8.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock valued at $290,320,000 after buying an additional 214,845 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Timken in the 2nd quarter worth approximately $140,755,000. William Blair Investment Management LLC bought a new position in shares of Timken in the second quarter valued at approximately $138,757,000. Finally, Nykredit A S purchased a new stake in shares of Timken during the second quarter valued at approximately $108,692,000. 89.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TKR. DA Davidson set a $130.00 price target on Timken in a report on Friday, August 14th. Oppenheimer restated an “outperform” rating and issued a $150.00 price objective on shares of Timken in a research note on Thursday, October 1st. Bank of America raised Timken from a “neutral” rating to a “buy” rating and raised their target price for the company from $129.00 to $135.00 in a research report on Tuesday, September 1st. The Goldman Sachs Group lifted their target price on Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Timken from $150.00 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 issued a Hold rating to the company’s stock. According to MarketBeat, Timken has a consensus rating of “Moderate Buy” and an average price target of $145.00.

View Our Latest Stock Analysis on TKR

Insider Buying and Selling at Timken

In related news, Director Richard Kyle sold 13,637 shares of Timken stock in a transaction dated 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 completion of the sale, the director owned 183,724 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Insiders own 8.10% of the company’s stock.

Timken Stock Performance

Shares of NYSE:TKR traded down $0.63 during mid-day trading on Friday, reaching $112.38. The company had a trading volume of 618,769 shares, compared to its average volume of 929,534. Timken Company has a one year low of $72.71 and a one year high of $146.37. The company has a current ratio of 3.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $120.45 and its 200-day moving average price is $123.61. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 1.25 and a beta of 1.18.

Timken (NYSE:TKR – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.21. Timken had a return on equity of 12.63% and a net margin of 5.43%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company earned $1.12 earnings per share. Timken’s revenue was up 7.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, equities research analysts anticipate that Timken Company will post 6.25 EPS for the current fiscal year.

Timken Dividend Announcement

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

Timken Company Profile

(Free Report)

Timken (NYSE: TKR) is an engineered bearings and industrial motion products company. Its offerings include tapered, spherical, cylindrical, needle and precision bearings, as well as seals and lubrication systems designed to reduce friction, manage loads and support the performance of mechanical equipment.

Through its Industrial Motion business, Timken also provides products such as mechanical power transmission components, chains, belts, couplings, linear motion systems and gear drives.

Further Reading

Institutional Ownership by Quarter for Timken (NYSE:TKR)

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