Concentric Capital Strategies LP Buys New Shares in Timken Company (The) $TKR

Concentric Capital Strategies LP bought a new position in shares of Timken Company (The) (NYSE:TKR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 124,316 shares of the industrial products company’s stock, valued at approximately $10,459,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TKR. UBS Group AG raised its position in Timken by 734.7% during the third quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock valued at $171,880,000 after acquiring an additional 2,012,352 shares in the last quarter. Invesco Ltd. boosted its holdings in Timken by 124.5% during the third quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company’s stock worth $102,106,000 after buying an additional 753,275 shares in the last quarter. Norges Bank purchased a new position in Timken in the fourth quarter valued at $47,644,000. Alyeska Investment Group L.P. acquired a new position in shares of Timken in the fourth quarter worth about $44,421,000. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Timken by 235.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 735,354 shares of the industrial products company’s stock worth $61,865,000 after acquiring an additional 515,948 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Timken news, Director John M. Timken, Jr. sold 15,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $116.51, for a total value of $1,747,650.00. Following the sale, the director directly owned 264,744 shares of the company’s stock, valued at approximately $30,845,323.44. This represents a 5.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard G. Kyle sold 37,181 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $117.34, for a total value of $4,362,818.54. Following the completion of the sale, the director owned 206,455 shares in the company, valued at approximately $24,225,429.70. This represents a 15.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 69,079 shares of company stock valued at $8,296,144 in the last three months. 8.10% of the stock is owned by corporate insiders.

Timken Trading Down 0.5%

TKR opened at $139.52 on Thursday. Timken Company has a one year low of $69.25 and a one year high of $143.56. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.55 and a current ratio of 2.88. The stock has a market capitalization of $9.70 billion, a PE ratio of 31.71, a P/E/G ratio of 1.68 and a beta of 1.21. The business’s 50 day moving average price is $118.56 and its 200 day moving average price is $103.57.

Timken (NYSE:TKR) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.17. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. Timken had a net margin of 6.60% and a return on equity of 11.84%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, equities research analysts expect that Timken Company will post 6.14 EPS for the current year.

Timken Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were paid a $0.36 dividend. The ex-dividend date was Tuesday, May 19th. This is an increase from Timken’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. Timken’s payout ratio is 32.73%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TKR. Morgan Stanley set a $140.00 target price on Timken in a research note on Thursday, May 21st. Evercore reaffirmed an “outperform” rating and set a $158.00 price objective on shares of Timken in a report on Monday, May 11th. KeyCorp boosted their target price on shares of Timken from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. DA Davidson started coverage on shares of Timken in a research note on Tuesday. They issued a “neutral” rating and a $130.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded Timken from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $130.00 to $150.00 in a research note on Tuesday, May 26th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.63.

Timken Company 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.