The Manufacturers Life Insurance Company Sells 106,646 Shares of Timken Company (The) $TKR

The Manufacturers Life Insurance Company lowered its holdings in Timken Company (The) (NYSE:TKR) by 17.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 518,544 shares of the industrial products company’s stock after selling 106,646 shares during the period. The Manufacturers Life Insurance Company’s holdings in Timken were worth $52,150,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Timken during the fourth quarter worth about $25,000. Clearstead Advisors LLC raised its stake in Timken by 130.3% in 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. Eastern Bank purchased a new stake in Timken in the fourth quarter valued at approximately $27,000. V Square Quantitative Management LLC bought a new stake in Timken during the fourth quarter valued at approximately $31,000. Finally, Kestra Investment Management LLC bought a new stake in Timken during the second quarter valued at approximately $42,000. Institutional investors own 89.08% of the company’s stock.

Timken Stock Down 5.6%

Shares of NYSE TKR opened at $132.13 on Thursday. The stock has a market capitalization of $9.18 billion, a P/E ratio of 30.03, a PEG ratio of 1.67 and a beta of 1.20. Timken Company has a one year low of $70.57 and a one year high of $146.37. The firm’s 50 day simple moving average is $136.28 and its two-hundred day simple moving average is $115.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.88 and a quick ratio of 1.55.

Timken (NYSE:TKR) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. Timken had a net margin of 6.60% and a return on equity of 11.84%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business posted $1.40 EPS. The business’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. As a group, analysts expect that Timken Company will post 6.16 EPS for the current fiscal year.

Timken Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were paid a $0.36 dividend. This is a boost from Timken’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, May 19th. Timken’s payout ratio is presently 32.73%.

Analysts Set New Price Targets

TKR has been the topic of a number of research analyst reports. Oppenheimer increased their price target on shares of Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. DA Davidson started coverage on shares of Timken in a report on Tuesday, June 16th. They set a “neutral” rating and a $130.00 price objective for the company. The Goldman Sachs Group upped their target price on shares of Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a research note on Friday, July 17th. Finally, Evercore restated an “outperform” rating and set a $158.00 price target on shares of Timken in a research report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $150.00.

Insiders Place Their Bets

In other news, Director John M. Timken, Jr. sold 15,000 shares of Timken stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $116.51, for a total value of $1,747,650.00. Following the transaction, the director owned 264,744 shares in the company, valued at approximately $30,845,323.44. The trade was a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard G. Kyle sold 8,448 shares of the business’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 completion of the sale, the director directly owned 197,361 shares of the company’s stock, valued at approximately $25,133,923.35. This trade represents a 4.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 69,079 shares of company stock valued at $8,296,144 over the last three months. Insiders own 8.10% of the company’s stock.

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.