Thrivent Financial for Lutherans Has $97.37 Million Position in Timken Company (The) $TKR

Thrivent Financial for Lutherans lowered its stake in shares of Timken Company (The) (NYSE:TKR) by 11.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,157,344 shares of the industrial products company’s stock after selling 149,183 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Timken were worth $97,367,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Presper Financial Architects LLC acquired a new stake in Timken during the fourth quarter worth approximately $217,000. Independent Advisor Alliance acquired a new stake in Timken during the fourth quarter worth approximately $221,000. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Timken by 31.3% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 14,050 shares of the industrial products company’s stock worth $1,182,000 after buying an additional 3,350 shares in the last quarter. First Eagle Investment Management LLC grew its position in Timken by 1.4% during the fourth quarter. First Eagle Investment Management LLC now owns 87,203 shares of the industrial products company’s stock worth $7,336,000 after buying an additional 1,200 shares in the last quarter. Finally, Crestwood Advisors Group LLC acquired a new stake in Timken during the fourth quarter worth approximately $225,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Price Performance

Timken stock opened at $117.05 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.55 and a current ratio of 2.88. Timken Company has a 52 week low of $67.14 and a 52 week high of $123.67. The stock has a market capitalization of $8.13 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 1.59 and a beta of 1.18. The stock has a fifty day moving average of $104.91 and a 200-day moving average of $95.08.

Timken (NYSE:TKR) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. Timken had a return on equity of 11.84% and a net margin of 6.60%.The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the firm earned $1.40 EPS. Timken’s revenue was up 8.0% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. On average, sell-side analysts expect that Timken Company will post 6 earnings per share for the current fiscal year.

Timken Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be issued a dividend of $0.36 per share. This is a positive change from Timken’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. Timken’s dividend payout ratio (DPR) is 32.73%.

Insider Buying and Selling at Timken

In related news, Director Richard G. Kyle sold 37,181 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $117.34, for a total transaction of $4,362,818.54. Following the sale, the director owned 206,455 shares of the company’s stock, valued at $24,225,429.70. This trade represents a 15.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John M. Timken, Jr. sold 15,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $116.51, for a total value of $1,747,650.00. Following the sale, the director directly owned 264,744 shares in the company, valued at approximately $30,845,323.44. This trade represents a 5.36% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 81,817 shares of company stock worth $9,298,160. 8.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on TKR. KeyCorp increased their price target on Timken from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Wall Street Zen raised Timken from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. The Goldman Sachs Group reissued a “neutral” rating and set a $117.00 price target on shares of Timken in a report on Wednesday. Morgan Stanley reissued an “overweight” rating and set a $125.00 price target on shares of Timken in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. boosted their price target on Timken from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $129.88.

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.