Fox Run Management L.L.C. Purchases New Stake in Timken Company (The) $TKR

Fox Run Management L.L.C. purchased a new stake in shares of Timken Company (The) (NYSE:TKR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,609 shares of the industrial products company’s stock, valued at approximately $422,000.

Several other large investors also recently made changes to their positions in the business. American Century Companies Inc. raised its stake in shares of Timken by 13.4% in the 2nd quarter. American Century Companies Inc. now owns 3,845,175 shares of the industrial products company’s stock valued at $278,968,000 after acquiring an additional 455,050 shares during the period. Invesco Ltd. increased its holdings in Timken by 241.7% in the 2nd quarter. Invesco Ltd. now owns 604,879 shares of the industrial products company’s stock valued at $43,884,000 after purchasing an additional 427,879 shares in the last quarter. Bank of New York Mellon Corp raised its position in Timken by 57.3% in the second quarter. Bank of New York Mellon Corp now owns 1,107,778 shares of the industrial products company’s stock valued at $80,369,000 after purchasing an additional 403,629 shares during the period. Brandes Investment Partners LP raised its position in Timken by 358.8% in the second quarter. Brandes Investment Partners LP now owns 513,641 shares of the industrial products company’s stock valued at $37,265,000 after purchasing an additional 401,694 shares during the period. Finally, Keybank National Association OH lifted its stake in shares of Timken by 107.8% during the third quarter. Keybank National Association OH now owns 727,777 shares of the industrial products company’s stock worth $54,714,000 after purchasing an additional 377,607 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Price Performance

TKR opened at $108.19 on Monday. The company has a market capitalization of $7.52 billion, a P/E ratio of 26.32, a PEG ratio of 1.59 and a beta of 1.17. The company has a 50-day moving average of $96.45 and a 200-day moving average of $84.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.47 and a current ratio of 2.82. Timken Company has a 1-year low of $56.20 and a 1-year high of $111.39.

Timken (NYSE:TKR) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. Timken had a return on equity of 11.52% and a net margin of 6.29%.The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm earned $1.16 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. Equities analysts expect that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Tuesday, February 24th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, February 24th. Timken’s payout ratio is currently 34.06%.

Insider Buying and Selling

In other Timken news, Director Richard G. Kyle sold 19,636 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $107.99, for a total transaction of $2,120,491.64. Following the completion of the sale, the director owned 243,636 shares in the company, valued at $26,310,251.64. The trade was a 7.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TKR. Morgan Stanley raised their target price on Timken from $105.00 to $116.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. DA Davidson increased their price objective on shares of Timken from $86.00 to $108.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research note on Wednesday, January 21st. Finally, Citigroup upped their price objective on shares of Timken from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $93.78.

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.