Timken Company (The) $TKR Shares Bought by Moody National Bank Trust Division

Moody National Bank Trust Division raised its position in shares of Timken Company (The) (NYSE:TKR) by 14.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,690 shares of the industrial products company’s stock after purchasing an additional 5,195 shares during the quarter. Moody National Bank Trust Division owned 0.06% of Timken worth $4,867,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of TKR. Versant Capital Management Inc boosted its position in Timken by 12.7% in the third quarter. Versant Capital Management Inc now owns 1,425 shares of the industrial products company’s stock valued at $166,000 after buying an additional 161 shares during the last quarter. QRG Capital Management Inc. raised its position in Timken by 10.0% during the 2nd quarter. QRG Capital Management Inc. now owns 16,717 shares of the industrial products company’s stock worth $2,429,000 after buying an additional 1,520 shares during the last quarter. Security National Bank of Sioux City Iowa IA lifted its stake in Timken by 14.4% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 15,921 shares of the industrial products company’s stock valued at $2,314,000 after acquiring an additional 2,005 shares during the period. Tidal Investments LLC lifted its stake in Timken by 3.0% during the 2nd quarter. Tidal Investments LLC now owns 192,679 shares of the industrial products company’s stock valued at $28,000,000 after acquiring an additional 5,655 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in Timken during the 2nd quarter worth about $90,000. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Timken

In other news, Director Richard Kyle sold 13,637 shares of the firm’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 transaction, the director owned 183,724 shares in the company, valued at $23,264,970.12. This trade represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.10% of the stock is owned by insiders.

Timken Price Performance

NYSE TKR traded down $0.49 on Tuesday, hitting $119.50. The company had a trading volume of 680,413 shares, compared to its average volume of 912,565. The company has a market capitalization of $8.28 billion, a PE ratio of 32.39, a PEG ratio of 1.36 and a beta of 1.18. The company’s fifty day moving average price is $124.04 and its 200-day moving average price is $122.77. 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 12-month low of $70.57 and a 12-month high of $146.37.

Timken (NYSE:TKR) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.21. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, analysts predict that Timken Company will post 6.25 earnings per share for the current year.

Timken Announces Dividend

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

Analyst Upgrades and Downgrades

TKR has been the topic of a number of recent research reports. Oppenheimer restated an “outperform” rating and issued a $150.00 target price on shares of Timken in a research note on Thursday, October 1st. JPMorgan Chase & Co. upped their price objective on Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. DA Davidson set a $130.00 price objective on shares of Timken in a research note on Friday, August 14th. Citigroup boosted their target price on shares of Timken from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. 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 MarketBeat.com, Timken presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

About Timken

Timken (NYSE: TKR) is an engineered bearings and industrial motion products company. Its offerings include tapered, spherical, cylindrical, needle and precision bearings, as well as seals and lubrication systems designed to reduce friction, manage loads and support the performance of mechanical equipment.

Through its Industrial Motion business, Timken also provides products such as mechanical power transmission components, chains, belts, couplings, linear motion systems and gear drives.