Timken Company (The) $TKR Shares Sold by Cambria Investment Management L.P.

Cambria Investment Management L.P. lowered its position in Timken Company (The) (NYSE:TKR) by 6.6% in the third quarter, HoldingsChannel reports. The fund owned 111,733 shares of the industrial products company’s stock after selling 7,904 shares during the quarter. Cambria Investment Management L.P.’s holdings in Timken were worth $8,400,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. American Century Companies Inc. grew its position in shares of Timken by 13.4% during the 2nd quarter. American Century Companies Inc. now owns 3,845,175 shares of the industrial products company’s stock valued at $278,968,000 after acquiring an additional 455,050 shares during the period. UBS Group AG increased its stake 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 valued at $171,880,000 after purchasing an additional 2,012,352 shares in the last quarter. Bank of New York Mellon Corp raised its holdings 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 worth $112,256,000 after purchasing an additional 385,389 shares during the period. Cooke & Bieler LP boosted its position in Timken by 28.6% during the third quarter. Cooke & Bieler LP now owns 1,423,361 shares of the industrial products company’s stock worth $107,008,000 after purchasing an additional 316,380 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Timken by 124.5% during the third quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company’s stock worth $102,106,000 after purchasing an additional 753,275 shares in the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Timken

In other news, Director Richard G. Kyle sold 19,636 shares of Timken stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $107.99, for a total transaction of $2,120,491.64. Following the sale, the director owned 243,636 shares of the company’s stock, valued at approximately $26,310,251.64. The trade was a 7.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.70% of the company’s stock.

Timken Stock Down 0.3%

NYSE TKR opened at $98.25 on Thursday. The business’s fifty day simple moving average is $100.42 and its 200-day simple moving average is $86.76. The company has a quick ratio of 1.47, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. The firm has a market cap of $6.83 billion, a PE ratio of 23.90, a P/E/G ratio of 1.45 and a beta of 1.18. Timken Company has a 52 week low of $56.20 and a 52 week high of $111.39.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. Timken had a net margin of 6.29% and a return on equity of 11.52%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business earned $1.16 earnings per share. Timken’s revenue was up 3.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, equities analysts anticipate that Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Tuesday, February 24th were issued a dividend of $0.35 per share. The ex-dividend date was Tuesday, February 24th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. Timken’s dividend payout ratio (DPR) is currently 34.06%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley boosted their price objective on Timken from $105.00 to $116.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a research note on Wednesday, January 21st. Citigroup boosted their price target on shares of Timken from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. upped their price objective on shares of Timken from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. Finally, Oppenheimer set a $108.00 price objective on shares of Timken in a report on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Timken currently has a consensus rating of “Hold” and an average price target of $94.89.

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.