iSAM Funds UK Ltd Sells 11,283 Shares of Timken Company (The) $TKR

iSAM Funds UK Ltd cut its holdings in Timken Company (The) (NYSE:TKR) by 78.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,100 shares of the industrial products company’s stock after selling 11,283 shares during the quarter. iSAM Funds UK Ltd’s holdings in Timken were worth $450,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Nykredit A S bought a new position in shares of Timken in the 2nd quarter worth $108,692,000. Moore Capital Management LP acquired a new position in Timken in the second quarter valued at about $6,874,000. Cookson Peirce & Co. Inc. boosted its holdings in Timken by 4.2% during the second quarter. Cookson Peirce & Co. Inc. now owns 16,085 shares of the industrial products company’s stock worth $2,337,000 after buying an additional 644 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Timken by 55.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,112 shares of the industrial products company’s stock worth $162,000 after buying an additional 397 shares during the last quarter. Finally, Sheets Smith Wealth Management grew its position in shares of Timken by 2.2% during the 2nd quarter. Sheets Smith Wealth Management now owns 6,079 shares of the industrial products company’s stock worth $883,000 after buying an additional 128 shares during the period. Institutional investors own 89.08% of the company’s stock.

Wall Street Analysts Forecast Growth

TKR has been the topic of a number of analyst reports. Morgan Stanley set a $140.00 price target on shares of Timken in a research report on Thursday, May 21st. The Goldman Sachs Group boosted their price objective on shares of Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Weiss Ratings raised shares of Timken from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 20th. Bank of America upgraded shares of Timken from a “neutral” rating to a “buy” rating and increased their target price for the stock from $129.00 to $135.00 in a report on Tuesday. Finally, KeyCorp boosted their price target on shares of Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Timken currently has a consensus rating of “Moderate Buy” and an average target price of $145.50.

Insider Buying and Selling at Timken

In other news, Director Ajita G. Rajendra sold 8,450 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $131.34, for a total value of $1,109,823.00. Following the sale, the director directly owned 20,225 shares in the company, valued at $2,656,351.50. The trade was a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard G. Kyle sold 13,637 shares of the company’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 transaction, the director directly 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 disclosure for this sale is available in the SEC filing. Insiders own 8.10% of the company’s stock.

Timken Price Performance

Shares of TKR opened at $120.29 on Thursday. 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 stock has a 50 day simple moving average of $133.87 and a 200 day simple moving average of $120.55. Timken Company has a 52-week low of $70.57 and a 52-week high of $146.37. The firm has a market capitalization of $8.34 billion, a PE ratio of 32.60, a P/E/G ratio of 1.40 and a beta of 1.21.

Timken (NYSE:TKR) last posted its earnings results 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 analysts’ expectations of $1.23 billion. During the same period in the prior year, the business earned $1.12 EPS. Timken’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. Sell-side analysts predict that Timken Company will post 6.26 EPS for the current fiscal year.

Timken Dividend Announcement

The business also recently disclosed 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. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, August 18th. Timken’s dividend payout ratio (DPR) 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.