Erste Asset Management GmbH Acquires 6,463 Shares of Timken Company (The) $TKR

Erste Asset Management GmbH boosted its holdings in Timken Company (The) (NYSE:TKR) by 29.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 28,280 shares of the industrial products company’s stock after purchasing an additional 6,463 shares during the period. Erste Asset Management GmbH’s holdings in Timken were worth $2,441,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Phocas Financial Corp. increased its position in shares of Timken by 81.2% in the fourth quarter. Phocas Financial Corp. now owns 88,967 shares of the industrial products company’s stock valued at $7,485,000 after acquiring an additional 39,871 shares during the period. Wealth High Governance Capital Ltda purchased a new position in shares of Timken in the fourth quarter valued at about $16,429,000. Oliver Luxxe Assets LLC purchased a new position in shares of Timken in the fourth quarter valued at about $1,990,000. Segall Bryant & Hamill LLC purchased a new position in shares of Timken in the third quarter valued at about $8,107,000. Finally, Deprince Race & Zollo Inc. increased its position in shares of Timken by 90.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 573,069 shares of the industrial products company’s stock valued at $48,212,000 after acquiring an additional 272,135 shares during the period. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TKR shares. Morgan Stanley set a $140.00 price objective on shares of Timken in a research report on Thursday, May 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a research report on Monday, April 20th. The Goldman Sachs Group set a $128.00 price objective on shares of Timken in a research report on Friday, May 22nd. Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Finally, DA Davidson boosted their price target on shares of Timken from $117.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $140.38.

Timken Price Performance

Shares of NYSE TKR opened at $137.23 on Wednesday. Timken Company has a 1 year low of $69.25 and a 1 year high of $139.43. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.88 and a quick ratio of 1.55. The company’s 50-day moving average is $113.94 and its 200 day moving average is $101.10. The stock has a market capitalization 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.

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

Timken Increases Dividend

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

Insiders Place Their Bets

In other Timken news, Director Richard G. Kyle sold 8,448 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $127.35, for a total value of $1,075,852.80. Following the sale, the director owned 197,361 shares in the company, valued at approximately $25,133,923.35. This represents a 4.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ajita G. Rajendra sold 8,450 shares of the company’s stock in a transaction dated 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 completion of the sale, the director owned 20,225 shares in the company, valued at approximately $2,656,351.50. This trade represents a 29.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 69,079 shares of company stock worth $8,296,144. 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.