Vulcan Value Partners LLC Has $11.65 Million Stake in Timken Company (The) $TKR

Vulcan Value Partners LLC reduced its stake in Timken Company (The) (NYSE:TKR) by 44.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 138,434 shares of the industrial products company’s stock after selling 110,166 shares during the quarter. Vulcan Value Partners LLC’s holdings in Timken were worth $11,646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. New York State Common Retirement Fund raised its position in Timken by 6.3% in the 3rd quarter. New York State Common Retirement Fund now owns 461,129 shares of the industrial products company’s stock valued at $34,668,000 after buying an additional 27,515 shares during the last quarter. Keybank National Association OH raised its position in Timken by 107.8% in the 3rd quarter. Keybank National Association OH now owns 727,777 shares of the industrial products company’s stock valued at $54,714,000 after buying an additional 377,607 shares during the last quarter. Bank of New York Mellon Corp raised its position in Timken by 34.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,493,167 shares of the industrial products company’s stock valued at $112,256,000 after buying an additional 385,389 shares during the last quarter. Phocas Financial Corp. raised its position in Timken by 81.2% in the 4th quarter. Phocas Financial Corp. now owns 88,967 shares of the industrial products company’s stock valued at $7,485,000 after buying an additional 39,871 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Timken in the 3rd quarter valued at $1,678,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Timken

In related news, Director John M. Timken, Jr. sold 15,000 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $116.51, for a total transaction of $1,747,650.00. Following the sale, the director owned 264,744 shares of the company’s stock, valued at approximately $30,845,323.44. This represents a 5.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard G. Kyle sold 37,181 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $117.34, for a total value of $4,362,818.54. Following the sale, the director directly owned 206,455 shares in the company, valued at $24,225,429.70. This trade represents a 15.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 8.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TKR shares. KeyCorp increased their price target on Timken from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Citigroup increased their price target on Timken from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Evercore reiterated an “outperform” rating and set a $158.00 price target on shares of Timken in a research note on Monday, May 11th. JPMorgan Chase & Co. upgraded Timken from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $130.00 to $150.00 in a research note on Tuesday. Finally, Morgan Stanley set a $140.00 price target on Timken in a research note on Thursday, May 21st. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $139.13.

Timken Stock Performance

Shares of TKR opened at $127.19 on Thursday. The stock’s 50-day simple moving average is $108.05 and its 200 day simple moving average is $97.66. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 1.53 and a beta of 1.18. 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 $128.31.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Timken had a return on equity of 11.84% and a net margin of 6.60%.The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Research analysts forecast that Timken Company will post 6.13 EPS for the current fiscal year.

Timken Increases Dividend

The business 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 dividend on an annualized basis and a yield of 1.1%. Timken’s payout ratio is currently 32.73%.

Timken 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.