Janney Montgomery Scott LLC Sells 3,577 Shares of Timken Company (The) $TKR

Janney Montgomery Scott LLC reduced its position in shares of Timken Company (The) (NYSE:TKR) by 2.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 128,908 shares of the industrial products company’s stock after selling 3,577 shares during the period. Janney Montgomery Scott LLC owned about 0.18% of Timken worth $12,964,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Timken by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,672,110 shares of the industrial products company’s stock valued at $224,813,000 after acquiring an additional 297,047 shares during the last quarter. UBS Group AG grew its position in Timken by 734.7% during the 3rd quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after acquiring an additional 2,012,352 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Timken by 15.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,843,042 shares of the industrial products company’s stock valued at $155,055,000 after purchasing an additional 247,000 shares in the last quarter. Invesco Ltd. increased its holdings in Timken by 1.0% during the 4th quarter. Invesco Ltd. now owns 1,371,613 shares of the industrial products company’s stock valued at $115,394,000 after purchasing an additional 13,459 shares in the last quarter. Finally, Brown Advisory Inc. raised its position in Timken by 5.6% in the 4th quarter. Brown Advisory Inc. now owns 1,273,668 shares of the industrial products company’s stock valued at $107,154,000 after purchasing an additional 67,573 shares during the last quarter. 89.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Citigroup increased their target price on Timken from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. DA Davidson assumed coverage on shares of Timken in a report on Tuesday, June 16th. They set a “neutral” rating and a $130.00 price objective on the stock. Evercore restated an “outperform” rating and issued a $158.00 price objective on shares of Timken in a research report on Monday, May 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research report on Monday, April 20th. Finally, KeyCorp increased their price target on shares of Timken from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Timken currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.62.

Timken Price Performance

Shares of TKR stock opened at $142.09 on Thursday. The firm has a market cap of $9.88 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 1.74 and a beta of 1.20. Timken Company has a 12 month low of $70.57 and a 12 month high of $146.37. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average price of $125.77 and a 200 day moving average price of $107.69.

Timken (NYSE:TKR) last released its earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.17. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. Timken had a net margin of 6.60% and a return on equity of 11.84%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Research analysts expect that Timken Company will post 6.14 EPS for the current year.

Timken Increases Dividend

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

Insider Buying and Selling at Timken

In other Timken news, Director Richard G. Kyle sold 37,181 shares of Timken stock in a transaction on Friday, May 8th. The shares were sold at an average price of $117.34, for a total transaction of $4,362,818.54. Following the completion of the sale, the director owned 206,455 shares of the company’s stock, valued at approximately $24,225,429.70. The trade was a 15.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John M. Timken, Jr. sold 15,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $116.51, for a total transaction of $1,747,650.00. Following the sale, the director owned 264,744 shares of the company’s stock, valued at $30,845,323.44. The trade was a 5.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 69,079 shares of company stock valued at $8,296,144. 8.10% of the stock is currently owned by insiders.

About Timken

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.