Victory Capital Management Inc. Has $119.99 Million Position in Timken Company (The) $TKR

Victory Capital Management Inc. trimmed its holdings in Timken Company (The) (NYSE:TKR) by 15.4% during the third quarter, Holdings Channel reports. The firm owned 1,596,042 shares of the industrial products company’s stock after selling 290,738 shares during the quarter. Victory Capital Management Inc.’s holdings in Timken were worth $119,990,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Mather Group LLC. acquired a new position in Timken in the third quarter valued at approximately $25,000. SJS Investment Consulting Inc. grew its holdings in Timken by 4,512.5% in the third quarter. SJS Investment Consulting Inc. now owns 369 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 361 shares during the period. CWM LLC increased its stake in 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 in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Timken during the second quarter valued at about $42,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Timken by 1,954.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 719 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 684 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Insider Transactions at Timken

In related news, Director Richard G. Kyle sold 19,636 shares of the firm’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 owned 243,636 shares in the company, valued at approximately $26,310,251.64. This trade represents a 7.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 8.70% of the company’s stock.

Timken Trading Down 0.9%

NYSE:TKR opened at $105.66 on Thursday. Timken Company has a 52 week low of $56.20 and a 52 week high of $111.39. The firm has a 50-day moving average price of $97.73 and a two-hundred day moving average price of $85.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.47 and a current ratio of 2.82. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 1.57 and a beta of 1.18.

Timken (NYSE:TKR) last released its earnings results on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating 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 quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 earnings per share. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. On average, equities analysts expect that Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors 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 dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, February 24th. Timken’s payout ratio is 34.06%.

Analyst Ratings Changes

A number of brokerages recently commented on TKR. DA Davidson boosted their target price on Timken from $86.00 to $108.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Citigroup increased their target price on Timken from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a report on Wednesday, January 21st. Finally, Morgan Stanley lifted their price target on Timken from $105.00 to $116.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.