iSAM Funds UK Ltd Sells 11,283 Shares of Timken Company (The) $TKR

iSAM Funds UK Ltd decreased its holdings in Timken Company (The) (NYSE:TKR) by 78.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,100 shares of the industrial products company’s stock after selling 11,283 shares during the quarter. iSAM Funds UK Ltd’s holdings in Timken were worth $450,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Segall Bryant & Hamill LLC lifted its position in shares of Timken by 29.9% during the 1st quarter. Segall Bryant & Hamill LLC now owns 451,516 shares of the industrial products company’s stock worth $45,409,000 after buying an additional 103,904 shares during the period. Peregrine Investment Management Inc. bought a new stake in Timken in the first quarter valued at $7,040,000. Regents Gate Capital LLP acquired a new position in Timken during the fourth quarter worth $9,126,000. Y Intercept Hong Kong Ltd raised its stake in Timken by 247.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 51,195 shares of the industrial products company’s stock worth $5,149,000 after acquiring an additional 36,455 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Timken during the second quarter valued at $1,466,000. 89.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley set a $140.00 target price on shares of Timken in a research note on Thursday, May 21st. Jefferies Financial Group set a $135.00 price target on shares of Timken in a report on Tuesday. Citigroup boosted their price target on shares of Timken from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. KeyCorp upped their price objective on shares of Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Finally, DA Davidson set a $130.00 price objective on shares of Timken in a report on Friday, August 14th. Seven 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 an average rating of “Moderate Buy” and an average target price of $145.50.

Insider Activity at Timken

In related news, Director Richard G. Kyle sold 13,637 shares of the firm’s stock in a transaction that occurred on 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 sale, the director owned 183,724 shares of the company’s stock, valued at $23,264,970.12. This trade represents a 6.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ajita G. Rajendra sold 8,450 shares of the business’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 completion of the transaction, the director owned 20,225 shares of the company’s stock, valued at $2,656,351.50. This trade represents a 29.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 8.10% of the stock is owned by corporate insiders.

Timken Price Performance

Shares of TKR stock opened at $120.29 on Thursday. The stock’s fifty day moving average is $133.87 and its 200-day moving average is $120.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10. The stock has a market capitalization of $8.34 billion, a PE ratio of 32.60, a PEG ratio of 1.40 and a beta of 1.21. Timken Company has a 52 week low of $70.57 and a 52 week high of $146.37.

Timken (NYSE:TKR) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.21. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Timken had a return on equity of 12.63% and a net margin of 5.43%.The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Equities research analysts expect that Timken Company will post 6.26 EPS for the current fiscal year.

Timken Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, August 18th. Timken’s dividend payout ratio 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.