Timken Company (The) $TKR Shares Sold by Earnest Partners LLC

Earnest Partners LLC lessened its holdings in Timken Company (The) (NYSE:TKR) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,252,710 shares of the industrial products company’s stock after selling 47,239 shares during the period. Earnest Partners LLC owned approximately 1.80% of Timken worth $94,179,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TKR. Royal Bank of Canada boosted its holdings in Timken by 44.2% in the first quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock valued at $6,508,000 after purchasing an additional 27,750 shares during the period. Goldman Sachs Group Inc. increased its holdings in Timken by 147.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock worth $25,569,000 after purchasing an additional 211,718 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Timken by 7.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,872 shares of the industrial products company’s stock valued at $16,305,000 after purchasing an additional 16,000 shares in the last quarter. ProShare Advisors LLC acquired a new stake in Timken in the 2nd quarter valued at about $205,000. Finally, Boston Partners boosted its stake in shares of Timken by 4.8% in the 2nd quarter. Boston Partners now owns 10,086 shares of the industrial products company’s stock valued at $732,000 after buying an additional 458 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Price Performance

TKR opened at $97.45 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.82 and a quick ratio of 1.47. The company’s 50 day simple moving average is $99.86 and its 200-day simple moving average is $86.33. Timken Company has a one year low of $56.20 and a one year high of $111.39. The stock has a market capitalization of $6.78 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 1.43 and a beta of 1.18.

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

Timken Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Tuesday, February 24th were issued a $0.35 dividend. The ex-dividend date was Tuesday, February 24th. This represents a $1.40 annualized dividend and a yield of 1.4%. Timken’s dividend payout ratio (DPR) is currently 34.06%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TKR shares. DA Davidson upped their target price on shares of Timken from $86.00 to $108.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Oppenheimer set a $108.00 price target on shares of Timken in a research note on Thursday, February 5th. Morgan Stanley increased their price objective on shares of Timken from $105.00 to $116.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Citigroup lifted their price objective on shares of Timken from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Four research 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 stock currently has an average rating of “Hold” and a consensus target price of $94.89.

Insider Buying and Selling

In related news, Director Richard G. Kyle sold 19,636 shares of Timken stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $107.99, for a total value of $2,120,491.64. Following the completion of the sale, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.70% of the stock is currently owned by 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.