Verition Fund Management LLC Has $13.37 Million Stock Holdings in Timken Company (The) $TKR

Verition Fund Management LLC lessened its position in shares of Timken Company (The) (NYSE:TKR) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,873 shares of the industrial products company’s stock after selling 6,122 shares during the quarter. Verition Fund Management LLC’s holdings in Timken were worth $13,366,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Timken during the fourth quarter valued at $25,000. Clearstead Advisors LLC lifted its stake in shares of Timken by 130.3% during the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 172 shares during the period. Eastern Bank acquired a new position in shares of Timken during the fourth quarter valued at $27,000. V Square Quantitative Management LLC acquired a new position in Timken in the fourth quarter valued at about $31,000. Finally, Kestra Investment Management LLC acquired a new position in Timken in the second quarter valued at about $42,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Analysts Set New Price Targets

TKR has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a report on Monday, April 20th. DA Davidson raised their target price on Timken from $117.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, May 21st. Citigroup raised their target price on Timken from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Wall Street Zen upgraded Timken from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Finally, KeyCorp raised their target price on Timken from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.38.

Insider Activity at Timken

In related news, Director Ajita G. Rajendra sold 8,450 shares of Timken stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $131.34, for a total value of $1,109,823.00. Following the sale, the director owned 20,225 shares of the company’s stock, valued at approximately $2,656,351.50. This trade represents a 29.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John M. Timken, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $116.51, for a total value of $1,747,650.00. Following the transaction, the director directly owned 264,744 shares in the company, valued at $30,845,323.44. This trade represents a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 69,079 shares of company stock valued at $8,296,144. 8.10% of the stock is owned by insiders.

Timken Trading Up 1.4%

NYSE TKR opened at $139.02 on Tuesday. The firm has a market cap of $9.66 billion, a P/E ratio of 31.59, a P/E/G ratio of 1.64 and a beta of 1.21. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.88 and a quick ratio of 1.55. The stock’s 50-day moving average is $116.91 and its 200-day moving average is $102.74. Timken Company has a one year low of $69.25 and a one year high of $142.92.

Timken (NYSE:TKR) last announced its earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm earned $1.40 EPS. Timken’s revenue for the quarter was up 8.0% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Sell-side analysts anticipate that Timken Company will post 6.13 earnings per share for the current fiscal year.

Timken Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. This is a boost from Timken’s previous quarterly dividend of $0.35. Timken’s payout ratio is 32.73%.

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.