Tidal Investments LLC Has $28 Million Stake in Timken Company (The) $TKR

Tidal Investments LLC raised its position in Timken Company (The) (NYSE:TKR) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,679 shares of the industrial products company’s stock after purchasing an additional 5,655 shares during the quarter. Tidal Investments LLC owned 0.28% of Timken worth $28,000,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd acquired a new stake in Timken in the fourth quarter valued at $25,000. Clearstead Advisors LLC boosted its holdings in Timken by 130.3% in the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 172 shares during the last quarter. Allworth Financial LP bought a new stake in shares of Timken in the 2nd quarter valued at $37,000. Elevation Wealth Partners LLC lifted its holdings in Timken by 420.0% in the second quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company’s stock valued at $38,000 after buying an additional 210 shares during the period. Finally, Trust Co. of Vermont bought a new stake in Timken during the second quarter valued at $41,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Trading Down 3.8%

NYSE:TKR opened at $119.19 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.10 and a quick ratio of 1.74. Timken Company has a one year low of $70.57 and a one year high of $146.37. The company has a market cap of $8.26 billion, a PE ratio of 32.30, a PEG ratio of 1.37 and a beta of 1.21. The firm has a 50-day moving average of $131.77 and a 200-day moving average of $121.09.

Timken (NYSE:TKR) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (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 business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the business earned $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. As a group, equities research analysts expect that Timken Company will post 6.26 EPS for the current fiscal year.

Timken Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, August 18th. Timken’s payout ratio is presently 39.02%.

Insider Activity

In related news, Director Richard Kyle sold 13,637 shares of Timken stock in a transaction on 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 directly owned 183,724 shares in the company, valued at approximately $23,264,970.12. This trade represents a 6.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TKR has been the topic of several recent analyst reports. Bank of America raised Timken from a “neutral” rating to a “buy” rating and boosted their price target for the company from $129.00 to $135.00 in a research note on Tuesday, September 1st. KeyCorp increased their target price on shares of Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. lifted their price target on shares of Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. The Goldman Sachs Group upped their price objective on shares of Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Finally, Jefferies Financial Group set a $135.00 target price on Timken in a research note on Tuesday, September 1st. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.50.

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.