Brandes Investment Partners LP Acquires 81,288 Shares of Timken Company (The) $TKR

Brandes Investment Partners LP increased its holdings in shares of Timken Company (The) (NYSE:TKR) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 667,166 shares of the industrial products company’s stock after purchasing an additional 81,288 shares during the period. Brandes Investment Partners LP’s holdings in Timken were worth $56,129,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Uncommon Cents Investing LLC lifted its holdings in shares of Timken by 0.5% during the 4th quarter. Uncommon Cents Investing LLC now owns 27,465 shares of the industrial products company’s stock valued at $2,311,000 after purchasing an additional 125 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Timken by 3.2% during the 3rd quarter. Quadrant Capital Group LLC now owns 4,319 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 132 shares in the last quarter. Hilltop Holdings Inc. lifted its holdings in shares of Timken by 3.7% during the 3rd quarter. Hilltop Holdings Inc. now owns 3,997 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 142 shares in the last quarter. Winslow Asset Management Inc. lifted its holdings in shares of Timken by 2.5% during the 3rd quarter. Winslow Asset Management Inc. now owns 6,114 shares of the industrial products company’s stock valued at $460,000 after purchasing an additional 150 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in shares of Timken by 130.3% during the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 172 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

Insider Transactions at Timken

In other news, Director Richard G. Kyle sold 8,448 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $127.35, for a total transaction of $1,075,852.80. Following the sale, the director owned 197,361 shares in the company, valued at $25,133,923.35. This represents a 4.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ajita G. Rajendra sold 8,450 shares of the company’s 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 in the company, valued at approximately $2,656,351.50. This represents a 29.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 69,079 shares of company stock worth $8,296,144 in the last 90 days. Corporate insiders own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TKR. Citigroup lifted their price objective on Timken from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Evercore restated an “outperform” rating and issued a $158.00 target price on shares of Timken in a research note on Monday, May 11th. Morgan Stanley set a $140.00 target price on Timken in a research note on Thursday, May 21st. Wall Street Zen upgraded Timken from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a research note on Monday, April 20th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $140.38.

Timken Price Performance

NYSE:TKR opened at $137.23 on Wednesday. Timken Company has a 52-week low of $69.25 and a 52-week high of $139.43. The company has a market cap of $9.54 billion, a P/E ratio of 31.19, a P/E/G ratio of 1.62 and a beta of 1.21. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.55 and a current ratio of 2.88. The stock’s 50-day simple moving average is $113.94 and its 200 day simple moving average is $101.10.

Timken (NYSE:TKR) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.50 by $0.17. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Timken had a return on equity of 11.84% and a net margin of 6.60%.The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.40 earnings per share. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, sell-side analysts forecast that Timken Company will post 6.13 EPS for the current fiscal year.

Timken Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.36 per share. The ex-dividend date was Tuesday, May 19th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Timken’s previous quarterly dividend of $0.35. Timken’s dividend payout ratio (DPR) is currently 32.73%.

Timken Company 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.