Vanguard Group Inc. Sells 61,695 Shares of Timken Company (The) $TKR

Vanguard Group Inc. cut its holdings in Timken Company (The) (NYSE:TKR) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,548,063 shares of the industrial products company’s stock after selling 61,695 shares during the quarter. Vanguard Group Inc. owned 0.09% of Timken worth $492,283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund raised its stake in Timken by 6.3% during the 3rd quarter. New York State Common Retirement Fund now owns 461,129 shares of the industrial products company’s stock valued at $34,668,000 after purchasing an additional 27,515 shares during the period. Keybank National Association OH grew its holdings in Timken by 107.8% during the 3rd quarter. Keybank National Association OH now owns 727,777 shares of the industrial products company’s stock valued at $54,714,000 after buying an additional 377,607 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Timken by 34.8% during the third quarter. Bank of New York Mellon Corp now owns 1,493,167 shares of the industrial products company’s stock valued at $112,256,000 after buying an additional 385,389 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new position in shares of Timken in the third quarter worth $22,624,000. Finally, Massachusetts Financial Services Co. MA grew its stake in Timken by 5.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 466,499 shares of the industrial products company’s stock valued at $35,071,000 after acquiring an additional 25,235 shares in the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Timken

In other Timken news, Director Richard G. Kyle sold 19,636 shares of Timken stock in a transaction on Friday, February 20th. The stock was sold at an average price of $107.99, for a total transaction of $2,120,491.64. Following the completion of the sale, the director directly owned 243,636 shares of the company’s stock, valued at $26,310,251.64. The trade was a 7.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 8.70% of the company’s stock.

Timken Stock Performance

NYSE:TKR opened at $107.63 on Thursday. The firm has a market capitalization of $7.48 billion, a PE ratio of 26.19, a PEG ratio of 1.61 and a beta of 1.21. The stock’s fifty day moving average is $95.49 and its 200 day moving average is $84.10. Timken Company has a fifty-two week low of $56.20 and a fifty-two week high of $111.39. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.47 and a current ratio of 2.82.

Timken (NYSE:TKR) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Timken had a net margin of 6.29% and a return on equity of 11.52%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.16 earnings per share. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. On average, sell-side analysts anticipate that Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Tuesday, February 24th will be issued a dividend of $0.35 per share. The ex-dividend date is Tuesday, February 24th. This represents a $1.40 dividend on an annualized basis and a yield of 1.3%. Timken’s dividend payout ratio (DPR) is presently 34.06%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Timken from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Morgan Stanley increased their price target on Timken from $105.00 to $116.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Oppenheimer set a $108.00 price objective on Timken in a research note on Thursday, February 5th. DA Davidson increased their target price on Timken from $86.00 to $108.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Finally, Citigroup boosted their price target on shares of Timken from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Timken presently has an average rating of “Hold” and an average target price of $93.78.

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.