Public Employees Retirement System of Ohio bought a new position in Timken Company (The) (NYSE:TKR – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 19,933 shares of the industrial products company’s stock, valued at approximately $2,897,000.
A number of other large investors have also recently made changes to their positions in the company. Royal Bank of Canada raised its position in Timken by 44.2% in the 1st quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock worth $6,508,000 after purchasing an additional 27,750 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Timken by 147.0% during the first quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock valued at $25,569,000 after buying an additional 211,718 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of 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 valued at $16,305,000 after buying an additional 16,000 shares during the period. Prudential Financial Inc. grew its stake in shares of Timken by 18.7% during the second quarter. Prudential Financial Inc. now owns 6,815 shares of the industrial products company’s stock valued at $494,000 after buying an additional 1,075 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Timken by 241.7% in the second quarter. Invesco Ltd. now owns 604,879 shares of the industrial products company’s stock worth $43,884,000 after buying an additional 427,879 shares during the period. 89.08% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, Director Richard Kyle sold 13,637 shares of Timken stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the transaction, the director directly owned 183,724 shares of the company’s stock, valued at $23,264,970.12. This trade represents a 6.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 8.10% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Research Report on TKR
Timken Price Performance
TKR opened at $123.21 on Friday. Timken Company has a 12-month low of $70.57 and a 12-month 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 business’s fifty day simple moving average is $133.05 and its 200-day simple moving average is $120.67. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 1.34 and a beta of 1.21.
Timken (NYSE:TKR – Get Free Report) last released 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 firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the company posted $1.12 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, equities research analysts anticipate that Timken Company will post 6.26 earnings per share for the current fiscal year.
Timken Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, August 18th. Timken’s dividend payout ratio is presently 39.02%.
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.
Featured Stories
- Five stocks we like better than Timken
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
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).
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.
