89,004 Shares in Timken Company (The) $TKR Purchased by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in Timken Company (The) (NYSE:TKR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 89,004 shares of the industrial products company’s stock, valued at approximately $12,934,000. Legal & General Group Plc owned 0.13% of Timken as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Timken in the fourth quarter valued at approximately $25,000. Clearstead Advisors LLC increased its stake in Timken by 130.3% during the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 172 shares during the period. Allworth Financial LP bought a new position in Timken during the 2nd quarter worth $37,000. Elevation Wealth Partners LLC raised its holdings in Timken by 420.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 210 shares in the last quarter. Finally, Trust Co. of Vermont bought a new stake in shares of Timken during the 2nd quarter valued at $41,000. 89.08% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Timken news, Director Ajita G. Rajendra sold 8,450 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $131.34, for a total value of $1,109,823.00. Following the sale, the director owned 20,225 shares in the company, valued at $2,656,351.50. This trade represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard G. Kyle sold 13,637 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the sale, the director directly owned 183,724 shares in the company, valued at approximately $23,264,970.12. The trade was a 6.91% decrease in their position. The SEC filing for this sale provides additional information. 8.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on TKR shares. Oppenheimer increased their target price on Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. boosted their price target on Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Morgan Stanley set a $140.00 price objective on shares of Timken in a research report on Thursday, May 21st. Citigroup increased their price objective on shares of Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, KeyCorp raised their target price on shares of Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $150.00.

Timken Price Performance

Shares of TKR stock opened at $120.43 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 3.10 and a debt-to-equity ratio of 0.61. Timken Company has a twelve month low of $70.57 and a twelve month high of $146.37. The company has a market cap of $8.35 billion, a P/E ratio of 32.64, a P/E/G ratio of 1.42 and a beta of 1.21. The business has a fifty day simple moving average of $134.60 and a 200 day simple moving average of $120.39.

Timken (NYSE:TKR) last released its earnings results 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. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Timken had a return on equity of 12.63% and a net margin of 5.43%.The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, sell-side analysts forecast that Timken Company will post 6.25 EPS for the current fiscal year.

Timken Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. Timken’s payout ratio is 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.