Tribune Investment Group LP Acquires New Holdings in Timken Company (The) $TKR

Tribune Investment Group LP bought a new position in Timken Company (The) (NYSE:TKR) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 41,520 shares of the industrial products company’s stock, valued at approximately $6,034,000. Timken accounts for about 2.4% of Tribune Investment Group LP’s investment portfolio, making the stock its 7th largest holding.

A number of other large investors have also recently added to or reduced their stakes in TKR. Sanctuary Advisors LLC bought a new position in shares of Timken in the second quarter valued at approximately $1,769,000. Wealth High Governance Capital Ltda acquired a new stake in shares of Timken in the second quarter worth $16,050,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Timken during the 2nd quarter worth $212,000. Twin Tree Management LP acquired a new position in Timken in the 2nd quarter valued at $183,000. Finally, Bank of Nova Scotia acquired a new position in Timken in the 2nd quarter valued at $22,879,000. Institutional investors own 89.08% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on TKR shares. The Goldman Sachs Group boosted their target price on shares of Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. JPMorgan Chase & Co. lifted their price objective on Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Oppenheimer set a $135.00 price objective on Timken in a research report on Tuesday. Weiss Ratings upgraded Timken from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 20th. Finally, Citigroup raised their target price on Timken from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Timken has an average rating of “Moderate Buy” and a consensus price target of $145.50.

Timken Price Performance

Shares of Timken stock opened at $121.10 on Friday. 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 Company has a fifty-two week low of $70.57 and a fifty-two week high of $146.37. The firm has a fifty day moving average price of $133.41 and a two-hundred day moving average price of $120.65. The company has a market cap of $8.39 billion, a PE ratio of 32.82, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21.

Timken (NYSE:TKR) last posted its quarterly 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 analyst estimates of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the business posted $1.12 EPS. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Analysts expect that Timken Company will post 6.26 EPS for the current year.

Timken Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. Timken’s dividend payout ratio (DPR) is 39.02%.

Insider Transactions at Timken

In other Timken news, Director Richard Kyle sold 13,637 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $126.63, for a total value of $1,726,853.31. Following the completion of the transaction, the director owned 183,724 shares of the company’s stock, valued at $23,264,970.12. This represents a 6.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 8.10% of the stock is owned by corporate insiders.

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.