State of Wyoming Sells 6,931 Shares of Timken Company (The) $TKR

State of Wyoming trimmed its stake in shares of Timken Company (The) (NYSE:TKR – Free Report) by 68.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,160 shares of the industrial products company’s stock after selling 6,931 shares during the period. State of Wyoming’s holdings in Timken were worth $369,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Timken during the second quarter valued at about $869,997,000. Dimensional Fund Advisors LP lifted its position 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 buying an additional 214,845 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Timken in the second quarter worth about $140,755,000. William Blair Investment Management LLC purchased a new stake in shares of Timken in the second quarter worth about $138,757,000. Finally, Nykredit A S bought a new position in Timken during the second quarter valued at approximately $108,692,000. 89.08% of the stock is currently owned by institutional investors.

Key Stories Impacting Timken

Here are the key news stories impacting Timken this week:

  • Positive Sentiment: Adjusted EPS was $1.65, ahead of analyst estimates of about $1.47–$1.48 and up from $1.37 a year earlier. Timken also reported sales of $1.21 billion, up 4.7% year over year. Timken third-quarter results
  • Positive Sentiment: The company raised its 2026 outlook, now forecasting diluted EPS of $4.05–$4.20 and adjusted EPS of $6.35–$6.50. It generated $256 million in operating cash flow and $221 million in free cash flow during the quarter. Timken third-quarter results
  • Neutral Sentiment: Revenue was in line with the $1.21 billion consensus, so the earnings beat came from profitability rather than stronger-than-expected sales. Timken Q3 earnings estimates
  • Negative Sentiment: TKR traded lower despite the earnings beat and improved outlook. The provided reports do not cite a definitive negative catalyst; the muted sales surprise or investor expectations may have weighed on the reaction, but that remains uncertain.

Timken Stock Down 7.7%

Shares of NYSE TKR opened at $106.79 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.10 and a quick ratio of 1.74. The company has a market cap of $7.40 billion, a P/E ratio of 28.94, a PEG ratio of 1.28 and a beta of 1.19. Timken Company has a 1 year low of $73.62 and a 1 year high of $146.37. The firm has a 50-day simple moving average of $116.49 and a two-hundred day simple moving average of $117.36.

Timken (NYSE:TKR – Get Free Report) last released its earnings results on Wednesday, November 4th. The industrial products company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.17. Timken had a return on equity of 12.63% and a net margin of 5.43%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the firm posted $1.37 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Research analysts anticipate that Timken Company will post 6.25 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on TKR. Jefferies Financial Group set a $135.00 price target on Timken in a report on Tuesday, September 1st. JPMorgan Chase & Co. upped their price objective on Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Bank of America upgraded Timken from a “neutral” rating to a “buy” rating and increased their target price for the company from $129.00 to $135.00 in a research report on Tuesday, September 1st. Wall Street Zen raised shares of Timken from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Finally, Citigroup reduced their price target on shares of Timken from $160.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $145.00.

Read Our Latest Stock Report on Timken

Insider Buying and Selling

In other Timken news, Director Richard Kyle sold 13,637 shares of the stock in a transaction 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 sale, the director owned 183,724 shares in the company, valued at $23,264,970.12. This trade represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.10% of the stock is owned by company insiders.

About Timken

(Free Report)

Timken is an industrial manufacturer that designs and produces engineered bearings and power transmission products. Its offerings include tapered and spherical roller bearings, precision bearings, seals, lubrication systems, gears, belts, chains, couplings, and other components used to manage friction, motion, and power transmission.

The company serves customers across a range of industries, including industrial machinery, renewable energy, transportation, aerospace, defense, agriculture, construction, and energy.

See Also

Want to see what other hedge funds are holding TKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Timken Company (The) (NYSE:TKR – Free Report).

Institutional Ownership by Quarter for Timken (NYSE:TKR)

Receive News & Ratings for Timken Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Timken and related companies with MarketBeat.com's FREE daily email newsletter.