Ceredex Value Advisors LLC Invests $9.93 Million in Timken Company (The) $TKR

Ceredex Value Advisors LLC bought a new stake in Timken Company (The) (NYSE:TKR) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 68,300 shares of the industrial products company’s stock, valued at approximately $9,925,000. Ceredex Value Advisors LLC owned approximately 0.10% of Timken as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Segall Bryant & Hamill LLC boosted its position in Timken by 29.9% in the 1st quarter. Segall Bryant & Hamill LLC now owns 451,516 shares of the industrial products company’s stock valued at $45,409,000 after buying an additional 103,904 shares during the last quarter. Peregrine Investment Management Inc. bought a new stake in shares of Timken during the 1st quarter valued at about $7,040,000. Wealth High Governance Capital Ltda bought a new stake in shares of Timken during the 4th quarter valued at about $16,429,000. Regents Gate Capital LLP acquired a new stake in Timken during the fourth quarter worth about $9,126,000. Finally, Y Intercept Hong Kong Ltd raised its stake in Timken by 247.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 51,195 shares of the industrial products company’s stock worth $5,149,000 after acquiring an additional 36,455 shares during the period. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. The Goldman Sachs Group upped their target price on Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, July 10th. KeyCorp boosted their price objective on Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. upped their price objective on Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Evercore reaffirmed an “outperform” rating and issued a $158.00 target price on shares of Timken in a research report on Monday, May 11th. Finally, DA Davidson set a $130.00 target price on Timken in a research report on Friday, August 14th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $150.00.

Insiders Place Their Bets

In related news, Director Richard G. Kyle sold 13,637 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were 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. This represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ajita G. Rajendra sold 8,450 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $131.34, for a total transaction of $1,109,823.00. Following the completion of the transaction, the director owned 20,225 shares of the company’s stock, valued at $2,656,351.50. This represents a 29.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,535 shares of company stock worth $3,912,529 over the last three months. Corporate insiders own 8.10% of the company’s stock.

Timken Stock Performance

TKR opened at $125.07 on Friday. 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 50 day moving average is $136.75 and its 200-day moving average is $119.40. The stock has a market cap of $8.67 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 1.46 and a beta of 1.21. Timken Company has a twelve month low of $70.57 and a twelve month high of $146.37.

Timken (NYSE:TKR) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company posted $1.12 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, analysts predict that Timken Company will post 6.26 earnings per share for the current year.

Timken Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. Timken’s dividend payout ratio is presently 39.02%.

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.