Castleark Management LLC Takes $10.96 Million Position in Timken Company (The) $TKR

Castleark Management LLC bought a new position in Timken Company (The) (NYSE:TKR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 75,400 shares of the industrial products company’s stock, valued at approximately $10,957,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in Timken by 44.2% in the 1st quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock worth $6,508,000 after acquiring an additional 27,750 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Timken by 147.0% during the first quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock valued at $25,569,000 after acquiring an additional 211,718 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Timken by 7.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,872 shares of the industrial products company’s stock worth $16,305,000 after purchasing an additional 16,000 shares during the period. Prudential Financial Inc. grew its stake in shares of Timken by 18.7% in the second quarter. Prudential Financial Inc. now owns 6,815 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 1,075 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Timken by 241.7% in the second quarter. Invesco Ltd. now owns 604,879 shares of the industrial products company’s stock worth $43,884,000 after purchasing an additional 427,879 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors.

Timken Price Performance

Shares of TKR stock opened at $122.52 on Wednesday. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 1.44 and a beta of 1.21. The business’s fifty day moving average is $136.06 and its 200 day moving average is $119.93. Timken Company has a twelve month low of $70.57 and a twelve month high of $146.37. The company has a quick ratio of 1.74, a current ratio of 3.10 and a debt-to-equity ratio of 0.61.

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

Timken Dividend Announcement

The firm 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 dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 18th. Timken’s dividend payout ratio (DPR) is 39.02%.

Insider Activity

In other news, Director Ajita G. Rajendra sold 8,450 shares of Timken stock in a transaction that occurred 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard G. Kyle sold 13,637 shares of the business’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 sale, the director directly owned 183,724 shares in the company, valued at approximately $23,264,970.12. This represents a 6.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 8.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TKR. Weiss Ratings raised Timken from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 20th. Citigroup lifted their price objective on Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. DA Davidson set a $130.00 target price on Timken in a report on Friday, August 14th. Oppenheimer lifted their price target on shares of Timken from $147.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st. Finally, The Goldman Sachs Group boosted their price objective on shares of Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Timken currently has an average rating of “Moderate Buy” and an average target price of $150.00.

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.