Legal & General Group Plc Buys Shares of 89,004 Timken Company (The) $TKR

Legal & General Group Plc purchased a new stake in shares of Timken Company (The) (NYSE:TKR) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 89,004 shares of the industrial products company’s stock, valued at approximately $12,934,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Timken in the second quarter valued at approximately $869,997,000. Dimensional Fund Advisors LP boosted its position in Timken by 8.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock worth $290,320,000 after buying an additional 214,845 shares during the period. UBS Group AG grew its holdings 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. grew 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 worth $155,055,000 after acquiring an additional 247,000 shares during the last quarter. Finally, Invesco Ltd. increased its position in Timken by 1.0% in the 4th quarter. Invesco Ltd. now owns 1,371,613 shares of the industrial products company’s stock valued at $115,394,000 after acquiring an additional 13,459 shares during the period. 89.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TKR has been the subject of several analyst reports. Citigroup raised their price target 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. The Goldman Sachs Group increased their price objective on Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Weiss Ratings raised Timken from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 20th. Oppenheimer lifted their target price on Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Finally, DA Davidson set a $130.00 price target on Timken in a research report on Friday, August 14th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $150.00.

Insider Transactions at Timken

In related news, Director Richard G. Kyle sold 13,637 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the sale, the director owned 183,724 shares in the company, valued at $23,264,970.12. This represents a 6.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ajita G. Rajendra sold 8,450 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was 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 of the company’s stock, valued at $2,656,351.50. This represents a 29.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 8.10% of the company’s stock.

Timken Stock Down 0.3%

Timken stock opened at $120.43 on Tuesday. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 1.42 and a beta of 1.21. Timken Company has a 52-week low of $70.57 and a 52-week high of $146.37. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10. The firm has a 50 day moving average price of $134.60 and a two-hundred day moving average price of $120.39.

Timken (NYSE:TKR) last posted its quarterly earnings data 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 net margin of 5.43% and a return on equity of 12.63%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm posted $1.12 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Equities analysts predict that Timken Company will post 6.25 EPS for the current year.

Timken Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were issued 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 was Tuesday, August 18th. Timken’s dividend payout ratio (DPR) is presently 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.