Moore Capital Management LP Makes New Investment in Timken Company (The) $TKR

Moore Capital Management LP acquired a new stake in shares of Timken Company (The) (NYSE:TKR) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 47,300 shares of the industrial products company’s stock, valued at approximately $6,874,000.

Several other hedge funds and other institutional investors have also bought and sold shares of TKR. Fifth Third Wealth Advisors LLC raised its stake in shares of Timken by 4.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,537 shares of the industrial products company’s stock worth $255,000 after acquiring an additional 104 shares in the last quarter. Parallel Advisors LLC boosted its position in Timken by 4.1% during the first quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock valued at $299,000 after buying an additional 116 shares during the period. Sheets Smith Wealth Management boosted its position in Timken by 2.2% during the second quarter. Sheets Smith Wealth Management now owns 6,079 shares of the industrial products company’s stock valued at $883,000 after buying an additional 128 shares during the period. Parvin Asset Management LLC grew its stake in shares of Timken by 16.5% during the first quarter. Parvin Asset Management LLC now owns 920 shares of the industrial products company’s stock valued at $93,000 after buying an additional 130 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of Timken by 3.2% in the third quarter. Quadrant Capital Group LLC now owns 4,319 shares of the industrial products company’s stock worth $325,000 after buying an additional 132 shares during the period. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Insider Transactions at Timken

In other Timken news, Director Richard G. 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 value of $1,726,853.31. Following the completion of the sale, the director directly 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $1,109,823.00. Following the sale, the director directly owned 20,225 shares in the company, valued at approximately $2,656,351.50. The trade was a 29.47% 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.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TKR shares. DA Davidson set a $130.00 target price on Timken in a research note on Friday, August 14th. KeyCorp lifted their price target on Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Citigroup increased their price objective on Timken from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. raised their target price on shares of Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Finally, Evercore reiterated an “outperform” rating and set a $158.00 price target on shares of Timken in a report on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $150.00.

Timken Price Performance

Shares of TKR stock opened at $121.05 on Monday. The firm has a market cap of $8.39 billion, a P/E ratio of 32.80, a P/E/G ratio of 1.42 and a beta of 1.21. Timken Company has a fifty-two week low of $70.57 and a fifty-two week high of $146.37. The business’s 50 day moving average price is $135.03 and its 200-day moving average price is $120.31. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10.

Timken (NYSE:TKR) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.21. Timken had a return on equity of 12.63% and a net margin of 5.43%.The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company earned $1.12 earnings per share. The firm’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. On average, equities research analysts anticipate that Timken Company will post 6.25 earnings per share for the current year.

Timken Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, August 18th. Timken’s dividend payout ratio (DPR) is currently 39.02%.

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.