Squarepoint Ops LLC Cuts Stake in Timken Company (The) $TKR

Squarepoint Ops LLC lessened its position in Timken Company (The) (NYSE:TKR) by 8.0% in the 2nd quarter, Holdings Channel reports. The fund owned 274,342 shares of the industrial products company’s stock after selling 23,967 shares during the period. Squarepoint Ops LLC’s holdings in Timken were worth $39,867,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in TKR. Segall Bryant & Hamill LLC raised its stake in shares of Timken by 29.9% during the 1st quarter. Segall Bryant & Hamill LLC now owns 451,516 shares of the industrial products company’s stock worth $45,409,000 after buying an additional 103,904 shares in the last quarter. Peregrine Investment Management Inc. purchased a new stake in shares of Timken in the first quarter valued at approximately $7,040,000. Regents Gate Capital LLP purchased a new stake in shares of Timken in the fourth quarter valued at approximately $9,126,000. State of Wyoming acquired a new position in Timken during the second quarter worth $1,466,000. Finally, Y Intercept Hong Kong Ltd grew its holdings in Timken by 247.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 51,195 shares of the industrial products company’s stock worth $5,149,000 after acquiring an additional 36,455 shares during the period. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Stock Performance

NYSE TKR opened at $124.03 on Wednesday. The business has a 50 day moving average price of $132.23 and a 200 day moving average price of $121.00. The company has a market capitalization of $8.60 billion, a P/E ratio of 33.61, a PEG ratio of 1.36 and a beta of 1.21. Timken Company has a 1-year low of $70.57 and a 1-year high of $146.37. 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 posted its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.21. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. Timken had a return on equity of 12.63% and a net margin of 5.43%.Timken’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Sell-side analysts expect that Timken Company will post 6.26 EPS for the current fiscal year.

Timken Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, August 18th. Timken’s dividend payout ratio is presently 39.02%.

Insider Buying and Selling

In other Timken news, Director Richard Kyle sold 13,637 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director directly owned 183,724 shares in the company, valued at approximately $23,264,970.12. This trade represents a 6.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Morgan Stanley set a $140.00 target price on Timken in a report on Thursday, May 21st. Citigroup upped their price target on shares of Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Oppenheimer set a $135.00 price target on shares of Timken in a report on Tuesday, September 1st. Bank of America upgraded shares of Timken from a “neutral” rating to a “buy” rating and raised their price objective for the company from $129.00 to $135.00 in a research note on Tuesday, September 1st. Finally, Weiss Ratings raised shares of Timken from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 20th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $145.50.

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.