Pinnbrook Capital Management LP Takes $16.49 Million Position in Timken Company (The) $TKR

Pinnbrook Capital Management LP purchased a new stake in shares of Timken Company (The) (NYSE:TKR) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 113,500 shares of the industrial products company’s stock, valued at approximately $16,494,000. Timken makes up 1.8% of Pinnbrook Capital Management LP’s holdings, making the stock its 14th largest position.

A number of other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Timken during the 2nd quarter valued at approximately $869,997,000. Dimensional Fund Advisors LP grew its holdings in shares of Timken by 8.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock worth $290,320,000 after acquiring an additional 214,845 shares during the period. UBS Group AG raised its position in shares of Timken by 734.7% in the 3rd quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after acquiring an additional 2,012,352 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Timken by 15.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,843,042 shares of the industrial products company’s stock worth $155,055,000 after acquiring an additional 247,000 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Timken by 1.0% in the 4th quarter. Invesco Ltd. now owns 1,371,613 shares of the industrial products company’s stock valued at $115,394,000 after purchasing an additional 13,459 shares during the period. 89.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TKR has been the topic of several research reports. Weiss Ratings upgraded Timken from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. KeyCorp increased their price objective on Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Evercore reissued an “outperform” rating and set a $158.00 price objective on shares of Timken in a research report on Monday, May 11th. The Goldman Sachs Group boosted their target price on shares of Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Finally, Citigroup upped their target price on shares of Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $150.00.

Timken Stock Up 0.4%

TKR stock opened at $125.07 on Friday. Timken Company has a twelve month low of $70.57 and a twelve month high of $146.37. The company has a quick ratio of 1.74, a current ratio of 3.10 and a debt-to-equity ratio of 0.61. The firm has a market cap of $8.67 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 1.47 and a beta of 1.21. The business has a 50 day moving average of $136.75 and a 200 day moving average of $119.40.

Timken (NYSE:TKR) last released its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.62 by $0.21. Timken had a return on equity of 12.63% and a net margin of 5.43%.The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, research analysts forecast that Timken Company will post 6.26 EPS for the current fiscal year.

Timken Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 18th. Timken’s payout ratio is currently 39.02%.

Insider Transactions at Timken

In related news, Director Richard G. Kyle sold 13,637 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $126.63, for a total value of $1,726,853.31. Following the transaction, the director owned 183,724 shares in the company, valued at $23,264,970.12. The trade was a 6.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ajita G. Rajendra sold 8,450 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $131.34, for a total transaction of $1,109,823.00. Following the sale, the director directly owned 20,225 shares in the company, valued at $2,656,351.50. This trade represents a 29.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 30,535 shares of company stock worth $3,912,529. 8.10% of the stock is currently owned by company insiders.

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.