Fifth Third Bancorp Purchases 55,465 Shares of Timken Company (The) $TKR

Fifth Third Bancorp boosted its position in shares of Timken Company (The) (NYSE:TKR) by 692.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,473 shares of the industrial products company’s stock after purchasing an additional 55,465 shares during the quarter. Fifth Third Bancorp’s holdings in Timken were worth $6,383,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. UBS Group AG boosted its position in shares of Timken by 734.7% during the third quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after purchasing an additional 2,012,352 shares in the last quarter. Invesco Ltd. increased its position in shares of Timken by 124.5% in the 3rd quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company’s stock valued at $102,106,000 after buying an additional 753,275 shares in the last quarter. Norges Bank bought a new stake in shares of Timken in the 4th quarter valued at $47,644,000. Alyeska Investment Group L.P. acquired a new stake in Timken during the 4th quarter worth $44,421,000. Finally, Balyasny Asset Management L.P. raised its stake in Timken by 235.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 735,354 shares of the industrial products company’s stock worth $61,865,000 after buying an additional 515,948 shares during the period. Institutional investors own 89.08% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TKR. DA Davidson assumed coverage on Timken in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $130.00 target price for the company. JPMorgan Chase & Co. raised their price target on Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday. KeyCorp lifted their price objective on Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research report on Monday, April 20th. Finally, Citigroup increased their target price on Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $149.62.

Insider Transactions at Timken

In other news, Director Ajita G. Rajendra sold 8,450 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director owned 20,225 shares in the company, valued at $2,656,351.50. This trade represents a 29.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard G. Kyle sold 37,181 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $117.34, for a total value of $4,362,818.54. Following the completion of the transaction, the director owned 206,455 shares of the company’s stock, valued at $24,225,429.70. The trade was a 15.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 69,079 shares of company stock worth $8,296,144 in the last three months. Insiders own 8.10% of the company’s stock.

Timken Price Performance

NYSE TKR opened at $137.49 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 0.60. Timken Company has a 12-month low of $70.57 and a 12-month high of $146.37. The company has a market capitalization of $9.56 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 1.67 and a beta of 1.20. The firm’s 50 day moving average is $132.10 and its 200-day moving average is $111.78.

Timken (NYSE:TKR) last announced its earnings results on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.50 by $0.17. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Timken had a net margin of 6.60% and a return on equity of 11.84%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.40 earnings per share. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Equities research analysts anticipate that Timken Company will post 6.14 earnings per share for the current fiscal year.

Timken Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were given a dividend of $0.36 per share. This is a boost from Timken’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.44 annualized dividend and a yield of 1.0%. Timken’s payout ratio is presently 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.