Tribune Investment Group LP Takes $6.03 Million Position in Timken Company (The) $TKR

Tribune Investment Group LP purchased 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 and Exchange Commission. The firm purchased 41,520 shares of the industrial products company’s stock, valued at approximately $6,034,000. Timken accounts for approximately 2.4% of Tribune Investment Group LP’s investment portfolio, making the stock its 7th biggest position. Tribune Investment Group LP owned 0.06% of Timken as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of Timken in the second quarter worth about $1,769,000. Wealth High Governance Capital Ltda acquired a new position in Timken in the 2nd quarter worth approximately $16,050,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Timken during the 2nd quarter worth approximately $212,000. Twin Tree Management LP acquired a new stake in Timken during the 2nd quarter valued at $183,000. Finally, Bank of Nova Scotia acquired a new stake in Timken during the 2nd quarter valued at $22,879,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Price Performance

TKR opened at $121.10 on Friday. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 32.82, a PEG ratio of 1.33 and a beta of 1.21. Timken Company has a 1 year low of $70.57 and a 1 year high of $146.37. 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 stock has a fifty day moving average price of $133.41 and a 200 day moving average price of $120.65.

Timken (NYSE:TKR) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.21. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. Timken had a return on equity of 12.63% and a net margin of 5.43%.The business’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 EPS. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Analysts forecast that Timken Company will post 6.26 EPS for the current fiscal year.

Timken Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, August 18th. Timken’s dividend payout ratio (DPR) is presently 39.02%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TKR. JPMorgan Chase & Co. raised their target price on Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Citigroup increased their price objective on Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings upgraded Timken from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 20th. DA Davidson set a $130.00 target price on Timken in a research note on Friday, August 14th. Finally, Jefferies Financial Group set a $135.00 target price on Timken in a report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $145.50.

Insider Transactions at Timken

In other Timken news, Director Richard Kyle sold 13,637 shares of the business’s stock in a transaction that occurred on 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 directly owned 183,724 shares of the company’s stock, valued at $23,264,970.12. The trade was a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.10% of the stock is owned by company insiders.

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.