Tema ETFs LLC Acquires 5,782 Shares of Timken Company (The) $TKR

Tema ETFs LLC increased its holdings in shares of Timken Company (The) (NYSE:TKR) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 169,397 shares of the industrial products company’s stock after acquiring an additional 5,782 shares during the period. Tema ETFs LLC’s holdings in Timken were worth $24,617,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Gordian Capital Singapore Pte Ltd acquired a new position in Timken in the fourth quarter worth about $25,000. Clearstead Advisors LLC boosted its holdings in Timken by 130.3% during the fourth 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. V Square Quantitative Management LLC acquired a new stake in Timken during the fourth quarter valued at approximately $31,000. Elevation Wealth Partners LLC grew its stake in shares of Timken by 420.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 210 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in shares of Timken in the 2nd quarter worth approximately $42,000. Institutional investors own 89.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TKR. Weiss Ratings lowered Timken from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group increased their price objective on Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. 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 shares of Timken in a report on Thursday, May 21st. Finally, Oppenheimer increased their target price on shares of Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $150.00.

Insider Transactions at Timken

In other Timken news, Director Richard G. Kyle sold 13,637 shares of the business’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 completion of the transaction, the director directly owned 183,724 shares of the company’s stock, valued at approximately $23,264,970.12. The trade was a 6.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction of $1,109,823.00. Following the transaction, the director owned 20,225 shares in the company, valued at $2,656,351.50. The trade was a 29.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 30,535 shares of company stock valued at $3,912,529. Insiders own 8.10% of the company’s stock.

Timken Stock Up 1.6%

NYSE TKR opened at $128.57 on Wednesday. The stock’s 50 day simple moving average is $137.61 and its 200 day simple moving average is $117.60. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.10 and a quick ratio of 1.74. Timken Company has a one year low of $70.57 and a one year high of $146.37. The firm has a market cap of $8.91 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 1.49 and a beta of 1.21.

Timken (NYSE:TKR) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.21. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. Timken had a return on equity of 12.63% and a net margin of 5.43%.The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, sell-side analysts forecast that Timken Company will post 6.23 earnings per share for the current fiscal year.

Timken Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, August 18th. Timken’s dividend payout ratio (DPR) is presently 39.02%.

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.