UBS Group AG Reduces Holdings in Timken Company (The) $TKR

UBS Group AG reduced its holdings in shares of Timken Company (The) (NYSE:TKR) by 68.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 719,562 shares of the industrial products company’s stock after selling 1,566,688 shares during the period. UBS Group AG’s holdings in Timken were worth $60,537,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TKR. Mather Group LLC. purchased a new position in Timken during the 3rd quarter valued at about $25,000. Eastern Bank purchased a new position in Timken during the 4th quarter valued at about $27,000. SJS Investment Consulting Inc. increased its holdings in Timken by 4,512.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 369 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 361 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Timken during the 4th quarter valued at about $31,000. Finally, Kestra Investment Management LLC purchased a new position in Timken during the 2nd quarter valued at about $42,000. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on TKR. Oppenheimer raised their target price on shares of Timken from $108.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. DA Davidson raised 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. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 target price on shares of Timken in a report on Thursday, March 26th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a report on Monday, April 20th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $105.86.

Timken Price Performance

TKR opened at $107.03 on Tuesday. The company’s 50 day simple moving average is $103.63 and its 200 day simple moving average is $92.79. 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 $65.49 and a 1 year high of $111.64. The stock has a market capitalization of $7.47 billion, a PE ratio of 26.04, a P/E/G ratio of 1.59 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, topping the consensus estimate of $1.09 by $0.05. Timken had a net margin of 6.29% and a return on equity of 11.52%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the company earned $1.16 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, sell-side analysts expect that Timken Company will post 5.9 EPS for the current year.

Timken Dividend Announcement

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

Insiders Place Their Bets

In other Timken news, Director Richard G. Kyle sold 19,636 shares of Timken stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.10% of the stock is currently owned by company insiders.

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.