Vanguard Group Inc. Sells 62,784 Shares of Timken Company (The) $TKR

Vanguard Group Inc. decreased its holdings in Timken Company (The) (NYSE:TKR) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,485,279 shares of the industrial products company’s stock after selling 62,784 shares during the period. Vanguard Group Inc. owned 0.09% of Timken worth $545,607,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TKR. Mather Group LLC. purchased a new stake in shares of Timken in the third quarter worth about $25,000. Eastern Bank purchased a new stake in shares of Timken in the fourth quarter worth about $27,000. SJS Investment Consulting Inc. lifted its position in shares of Timken by 4,512.5% in the third quarter. SJS Investment Consulting Inc. now owns 369 shares of the industrial products company’s stock worth $28,000 after buying an additional 361 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Timken in the fourth quarter worth about $31,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of Timken in the second quarter worth about $42,000. Institutional investors own 89.08% of the company’s stock.

Timken Trading Down 1.8%

Shares of NYSE TKR opened at $107.03 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.47 and a current ratio of 2.82. The business’s 50 day moving average price is $103.63 and its 200-day moving average price is $92.79. Timken Company has a fifty-two week low of $65.49 and a fifty-two week high of $111.64. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 1.59 and a beta of 1.18.

Timken (NYSE:TKR) last issued its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. Timken had a return on equity of 11.52% and a net margin of 6.29%.The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. On average, sell-side analysts expect that Timken Company will post 5.9 earnings per share for the current year.

Timken Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Tuesday, February 24th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, February 24th. Timken’s dividend payout ratio is presently 34.06%.

Insider Buying and Selling at Timken

In other news, Director Richard G. Kyle sold 19,636 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $107.99, for a total value of $2,120,491.64. Following the sale, the director directly owned 243,636 shares in the company, valued at approximately $26,310,251.64. This represents a 7.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Timken from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research report on Monday, April 20th. Morgan Stanley boosted their target price on Timken from $116.00 to $119.00 and gave the stock an “overweight” rating in a research report on Monday, March 30th. Oppenheimer boosted their target price on Timken from $108.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Finally, Citigroup upped their price objective on Timken from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $105.86.

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.