Handelsbanken Fonder AB Grows Stock Position in Timken Company (The) $TKR

Handelsbanken Fonder AB grew its position in shares of Timken Company (The) (NYSE:TKR) by 55.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,400 shares of the industrial products company’s stock after buying an additional 6,600 shares during the period. Handelsbanken Fonder AB’s holdings in Timken were worth $1,383,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TKR. Mather Group LLC. bought a new stake in Timken in the 3rd quarter valued at about $25,000. SJS Investment Consulting Inc. raised its position in shares of Timken by 4,512.5% in the third quarter. SJS Investment Consulting Inc. now owns 369 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 361 shares during the period. CWM LLC raised its position in shares of Timken by 31.4% in the second quarter. CWM LLC now owns 527 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 126 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Timken during the 2nd quarter valued at approximately $42,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Timken by 1,954.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 719 shares of the industrial products company’s stock worth $52,000 after buying an additional 684 shares during the period. Institutional investors own 89.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TKR shares. DA Davidson boosted their target price on shares of Timken from $86.00 to $108.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Citigroup boosted their price objective on Timken from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a research note on Wednesday, January 21st. Morgan Stanley lifted 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. Finally, JPMorgan Chase & Co. increased their price target on shares of Timken from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $93.78.

Timken Price Performance

Shares of NYSE TKR opened at $105.66 on Thursday. The firm has a market capitalization of $7.35 billion, a P/E ratio of 25.71, a P/E/G ratio of 1.57 and a beta of 1.18. The company has a quick ratio of 1.47, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. The stock’s 50-day simple moving average is $97.73 and its two-hundred day simple moving average is $85.19. Timken Company has a twelve month low of $56.20 and a twelve month high of $111.39.

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

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Tuesday, February 24th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, February 24th. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. Timken’s dividend payout ratio (DPR) is 34.06%.

Insider Activity

In other Timken news, Director Richard G. Kyle sold 19,636 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $107.99, for a total transaction of $2,120,491.64. Following the sale, the director owned 243,636 shares in the company, valued at $26,310,251.64. This trade represents a 7.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 8.70% of the company’s stock.

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.