Royce & Associates LP Sells 25,776 Shares of Timken Company (The) $TKR

Royce & Associates LP decreased its position in shares of Timken Company (The) (NYSE:TKR) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 392,637 shares of the industrial products company’s stock after selling 25,776 shares during the quarter. Royce & Associates LP owned approximately 0.56% of Timken worth $29,518,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd increased its stake in shares of Timken by 246.2% in the third quarter. Aster Capital Management DIFC Ltd now owns 1,513 shares of the industrial products company’s stock valued at $114,000 after buying an additional 1,076 shares during the period. Erste Asset Management GmbH grew its stake in shares of Timken by 51.8% in the third quarter. Erste Asset Management GmbH now owns 21,817 shares of the industrial products company’s stock worth $1,641,000 after purchasing an additional 7,444 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Timken by 55.9% in the third quarter. Handelsbanken Fonder AB now owns 18,400 shares of the industrial products company’s stock valued at $1,383,000 after purchasing an additional 6,600 shares during the period. Choreo LLC lifted its holdings in Timken by 106.2% during the 3rd quarter. Choreo LLC now owns 8,593 shares of the industrial products company’s stock worth $646,000 after buying an additional 4,425 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in shares of Timken in the 3rd quarter valued at about $422,000. 89.08% of the stock is currently owned by institutional investors.

Timken Stock Down 1.5%

TKR stock opened at $108.19 on Monday. 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 fifty-two week low of $56.20 and a fifty-two week high of $111.39. The stock’s 50 day simple moving average is $96.45 and its 200 day simple moving average is $84.59. The company has a market cap of $7.52 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 1.59 and a beta of 1.17.

Timken (NYSE:TKR) last issued its earnings results on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share 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 company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. Timken’s revenue for the quarter was up 3.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. On average, research analysts expect that Timken Company will post 5.62 earnings per share 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 paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, February 24th. Timken’s dividend payout ratio (DPR) is 34.06%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TKR. Morgan Stanley raised their price objective on Timken from $105.00 to $116.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Oppenheimer set a $108.00 price target on shares of Timken in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research note on Wednesday, January 21st. DA Davidson increased their price objective on shares of Timken from $86.00 to $108.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Finally, Citigroup boosted their target price on shares of Timken from $105.00 to $115.00 and gave the company a “buy” rating in a 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $93.78.

Insider Activity

In other news, Director Richard G. Kyle sold 19,636 shares of the business’s stock in a transaction dated 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 directly owned 243,636 shares of the company’s stock, 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 legal filing with the SEC, which is available at this link. 8.37% of the stock is 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.