Wellington Management Group LLP Invests $28.86 Million in Timken Company (The) $TKR

Wellington Management Group LLP purchased a new stake in Timken Company (The) (NYSE:TKR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 198,604 shares of the industrial products company’s stock, valued at approximately $28,861,000. Wellington Management Group LLP owned 0.29% of Timken at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC lifted its holdings 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 buying an additional 104 shares in the last quarter. Parallel Advisors LLC increased 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 worth $299,000 after acquiring an additional 116 shares during the period. Parvin Asset Management LLC raised its stake in Timken by 16.5% in the 1st quarter. Parvin Asset Management LLC now owns 920 shares of the industrial products company’s stock worth $93,000 after purchasing an additional 130 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Timken by 3.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,319 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 132 shares during the period. Finally, Hilltop Holdings Inc. boosted its holdings in Timken by 3.7% in the 3rd quarter. Hilltop Holdings Inc. now owns 3,997 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 142 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TKR has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their price target 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. Citigroup lifted their price objective on Timken from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded Timken from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 20th. Bank of America raised Timken from a “neutral” rating to a “buy” rating and increased their target price for the stock from $129.00 to $135.00 in a report on Tuesday. Finally, Oppenheimer set a $135.00 price target on Timken in a research note on Tuesday. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Timken has an average rating of “Moderate Buy” and a consensus price target of $145.50.

Timken Stock Performance

Shares of NYSE:TKR opened at $123.21 on Friday. Timken Company has a 1 year low of $70.57 and a 1 year high of $146.37. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 1.34 and a beta of 1.21. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.10 and a quick ratio of 1.74. The company’s 50 day simple moving average is $133.05 and its 200 day simple moving average is $120.67.

Timken (NYSE:TKR) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share 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 firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the business posted $1.12 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, research analysts predict that Timken Company will post 6.26 EPS for the current fiscal year.

Timken Dividend Announcement

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

Insider Transactions at Timken

In other Timken news, Director Richard Kyle sold 13,637 shares of Timken stock in a transaction dated 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. The trade was a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 8.10% of the stock is currently owned by corporate 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.