TD Waterhouse Canada Inc. increased its position in shares of Timken Company (The) (NYSE:TKR – Free Report) by 79.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 320,882 shares of the industrial products company’s stock after purchasing an additional 142,376 shares during the period. TD Waterhouse Canada Inc.’s holdings in Timken were worth $38,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Timken during the 2nd quarter valued at approximately $869,997,000. Dimensional Fund Advisors LP grew its stake 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 purchasing an additional 214,845 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Timken during the second quarter valued at $140,755,000. William Blair Investment Management LLC acquired a new position in Timken during the 2nd quarter valued at about $138,757,000. Finally, Nykredit A S acquired a new position in shares of Timken during the second quarter valued at approximately $108,692,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Timken
In other Timken news, Director Richard Kyle sold 13,637 shares of the business’s 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 $23,264,970.12. The trade was a 6.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.10% of the stock is owned by corporate insiders.
Timken Stock Down 0.6%
Timken stock opened at $112.38 on Friday. Timken Company has a twelve month low of $72.71 and a twelve month high of $146.37. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10. The firm has a market cap of $7.79 billion, a PE ratio of 30.45, a P/E/G ratio of 1.25 and a beta of 1.18. The firm’s 50 day moving average price is $120.45 and its two-hundred day moving average price is $123.61.
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 (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.23 billion. During the same quarter last year, the firm earned $1.12 earnings per share. The business’s revenue for the quarter 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, research analysts predict that Timken Company will post 6.25 EPS for the current fiscal year.
Timken Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, August 18th. Timken’s payout ratio is presently 39.02%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. DA Davidson set a $130.00 target price on Timken in a report on Friday, August 14th. Oppenheimer reissued an “outperform” rating and issued a $150.00 price target on shares of Timken in a research note on Thursday, October 1st. KeyCorp lifted their price target on Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. The Goldman Sachs Group boosted their price objective on Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Finally, Weiss Ratings upgraded Timken from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 20th. 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.00.
Get Our Latest Analysis on Timken
Timken Company Profile
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.
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