William Blair Investment Management LLC Acquires New Stake in Timken Company (The) $TKR

William Blair Investment Management LLC acquired a new stake in Timken Company (The) (NYSE:TKR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 954,839 shares of the industrial products company’s stock, valued at approximately $138,757,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Timken during the second quarter worth $869,997,000. UBS Group AG boosted its stake in shares of 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 purchasing an additional 2,012,352 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Timken in the second quarter worth about $140,755,000. Invesco Ltd. increased its stake in Timken by 124.5% in the 3rd 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 during the period. Finally, Norges Bank purchased a new position in Timken in the 4th quarter worth about $47,644,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Stock Performance

TKR stock opened at $125.07 on Friday. Timken Company has a 1-year low of $70.57 and a 1-year high of $146.37. The business has a 50-day moving average price of $136.75 and a 200 day moving average price of $119.40. The company has a market capitalization of $8.67 billion, a P/E ratio of 33.89, a PEG ratio of 1.46 and a beta of 1.21. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.10 and a quick ratio of 1.74.

Timken (NYSE:TKR) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) 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 analysts’ expectations of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.12 EPS. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, equities research analysts forecast that Timken Company will post 6.26 EPS for the current fiscal year.

Timken Announces Dividend

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 given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 18th. Timken’s dividend payout ratio is presently 39.02%.

Analyst Ratings Changes

Several equities research analysts have issued reports on TKR shares. Weiss Ratings raised shares of Timken from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. DA Davidson set a $130.00 target price on shares of Timken in a research report on Friday, August 14th. Morgan Stanley set a $140.00 price target on shares of Timken in a research note on Thursday, May 21st. Citigroup boosted their price target on Timken from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group increased their price objective on Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $150.00.

Insider Buying and Selling

In other Timken news, Director Richard G. Kyle sold 13,637 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the completion of the sale, the director owned 183,724 shares in the company, valued at $23,264,970.12. This represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ajita G. Rajendra sold 8,450 shares of the company’s stock in a transaction on 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 owned 20,225 shares of the company’s stock, valued at approximately $2,656,351.50. This represents a 29.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 30,535 shares of company stock worth $3,912,529. Insiders own 8.10% of the company’s stock.

About Timken

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.