Ceredex Value Advisors LLC Takes Position in Timken Company (The) $TKR

Ceredex Value Advisors LLC acquired a new position in Timken Company (The) (NYSE:TKR) during the second quarter, Holdings Channel reports. The firm acquired 68,300 shares of the industrial products company’s stock, valued at approximately $9,925,000.

Several other institutional investors have also modified their holdings of the company. Gordian Capital Singapore Pte Ltd bought a new position in Timken during the fourth quarter valued at about $25,000. Clearstead Advisors LLC raised its position in Timken by 130.3% in the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 172 shares in the last quarter. Elevation Wealth Partners LLC raised its position in Timken by 420.0% in the second quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 210 shares in the last quarter. Trust Co. of Vermont acquired a new stake in Timken in the 2nd quarter valued at about $41,000. Finally, Kestra Investment Management LLC acquired a new stake in Timken in the 2nd quarter valued at about $42,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TKR shares. Evercore reaffirmed an “outperform” rating and issued a $158.00 price objective on shares of Timken in a research note on Monday, May 11th. KeyCorp increased 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. Weiss Ratings upgraded shares of Timken from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Morgan Stanley set a $140.00 price target on shares of Timken in a research report on Thursday, May 21st. Finally, Citigroup upped 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. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $150.00.

Insider Activity at Timken

In other Timken news, Director Richard G. Kyle sold 13,637 shares of Timken stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the transaction, the director directly owned 183,724 shares in the company, valued at approximately $23,264,970.12. The trade was a 6.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ajita G. Rajendra sold 8,450 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $131.34, for a total transaction of $1,109,823.00. Following the sale, the director directly owned 20,225 shares in the company, valued at approximately $2,656,351.50. This trade represents a 29.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 30,535 shares of company stock valued at $3,912,529. 8.10% of the stock is owned by insiders.

Timken Trading Up 0.4%

Shares of TKR opened at $125.07 on Friday. The business’s 50-day moving average price is $136.75 and its 200 day moving average price is $119.40. 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 market capitalization of $8.67 billion, a P/E ratio of 33.89, a P/E/G ratio of 1.46 and a beta of 1.21. Timken Company has a 1-year low of $70.57 and a 1-year high of $146.37.

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

Timken Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors 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 is Tuesday, August 18th. Timken’s dividend payout ratio is 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.