Timken Company (The) $TKR Stake Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in Timken Company (The) (NYSE:TKR) by 8.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,886,955 shares of the industrial products company’s stock after acquiring an additional 214,845 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Timken were worth $290,320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TKR. UBS Group AG boosted its position in 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 last quarter. Invesco Ltd. increased its position 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 purchasing an additional 753,275 shares during the last quarter. Norges Bank purchased a new stake in shares of Timken during the 4th quarter worth about $47,644,000. Alyeska Investment Group L.P. purchased a new stake in shares of Timken during the 4th quarter worth about $44,421,000. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Timken by 235.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 735,354 shares of the industrial products company’s stock valued at $61,865,000 after buying an additional 515,948 shares during the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Richard G. Kyle sold 8,448 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $127.35, for a total value of $1,075,852.80. Following the transaction, the director directly owned 197,361 shares in the company, valued at approximately $25,133,923.35. This trade represents a 4.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John M. Timken, Jr. sold 15,000 shares of Timken stock in a transaction on Friday, May 8th. The stock was sold at an average price of $116.51, for a total transaction of $1,747,650.00. Following the completion of the transaction, the director owned 264,744 shares in the company, valued at $30,845,323.44. This trade represents a 5.36% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 69,079 shares of company stock valued at $8,296,144. Company insiders own 8.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. The Goldman Sachs Group boosted their price target on Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. KeyCorp lifted their target price on shares of Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Citigroup boosted their target price on shares of Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. DA Davidson assumed coverage on shares of Timken in a research note on Tuesday, June 16th. They set a “neutral” rating and a $130.00 price target on the stock. Finally, Evercore restated an “outperform” rating and set a $158.00 price target on shares of Timken in a report on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $150.00.

Timken Stock Performance

Shares of NYSE TKR opened at $141.63 on Thursday. The business’s 50-day simple moving average is $133.79 and its 200-day simple moving average is $113.28. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.55 and a current ratio of 2.88. Timken Company has a 52 week low of $70.57 and a 52 week high of $146.37. The firm has a market cap of $9.84 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 1.66 and a beta of 1.20.

Timken (NYSE:TKR) last posted its earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.17. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.17 billion. Timken had a return on equity of 11.84% and a net margin of 6.60%.The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, equities research analysts expect that Timken Company will post 6.16 earnings per share for the current fiscal year.

Timken Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were paid a $0.36 dividend. The ex-dividend date was Tuesday, May 19th. This is a positive change from Timken’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. Timken’s dividend payout ratio is presently 32.73%.

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.