Timken Company (The) $TKR Shares Sold by LSV Asset Management

LSV Asset Management lowered its stake in Timken Company (The) (NYSE:TKR) by 36.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 118,600 shares of the industrial products company’s stock after selling 67,948 shares during the quarter. LSV Asset Management’s holdings in Timken were worth $9,978,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Uncommon Cents Investing LLC grew its stake in Timken by 0.5% in the 4th quarter. Uncommon Cents Investing LLC now owns 27,465 shares of the industrial products company’s stock valued at $2,311,000 after acquiring an additional 125 shares during the period. Quadrant Capital Group LLC grew its stake in Timken by 3.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,319 shares of the industrial products company’s stock valued at $325,000 after acquiring an additional 132 shares during the period. Kornitzer Capital Management Inc. KS grew its stake in Timken by 1.3% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 10,889 shares of the industrial products company’s stock valued at $819,000 after acquiring an additional 139 shares during the period. Hilltop Holdings Inc. grew its stake in Timken by 3.7% in the 3rd quarter. Hilltop Holdings Inc. now owns 3,997 shares of the industrial products company’s stock valued at $300,000 after acquiring an additional 142 shares during the period. Finally, Winslow Asset Management Inc. grew its stake in Timken by 2.5% in the 3rd quarter. Winslow Asset Management Inc. now owns 6,114 shares of the industrial products company’s stock valued at $460,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Trading Up 0.1%

Shares of TKR stock opened at $120.08 on Tuesday. The stock’s fifty day moving average is $106.88 and its two-hundred day moving average is $96.97. 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 firm has a market capitalization of $8.35 billion, a P/E ratio of 27.29, a PEG ratio of 1.63 and a beta of 1.18. Timken Company has a fifty-two week low of $67.14 and a fifty-two week high of $123.67.

Timken (NYSE:TKR) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.17. Timken had a return on equity of 11.84% and a net margin of 6.60%.The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm posted $1.40 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Research analysts expect that Timken Company will post 6.05 earnings per share for the current fiscal year.

Timken Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, May 19th. This is a positive change from Timken’s previous quarterly dividend of $0.35. Timken’s dividend payout ratio is presently 32.73%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Evercore reissued an “outperform” rating and issued a $158.00 price target on shares of Timken in a research note on Monday, May 11th. Citigroup raised their price objective on Timken from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, May 7th. KeyCorp raised their price objective on Timken from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. The Goldman Sachs Group set a $128.00 price objective on Timken in a report on Friday. Finally, JPMorgan Chase & Co. upgraded Timken from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $110.00 to $130.00 in a report on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.63.

Insider Activity

In other news, Director John M. Timken, Jr. sold 15,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $116.51, for a total transaction of $1,747,650.00. Following the transaction, the director owned 264,744 shares of the company’s stock, valued at approximately $30,845,323.44. The trade was a 5.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard G. Kyle sold 37,181 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $117.34, for a total transaction of $4,362,818.54. Following the transaction, the director directly owned 206,455 shares in the company, valued at approximately $24,225,429.70. The trade was a 15.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 8.10% of the company’s stock.

Timken 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.