Timken Company (The) $TKR Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its holdings in Timken Company (The) (NYSE:TKR) by 7.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 396,519 shares of the industrial products company’s stock after acquiring an additional 27,991 shares during the quarter. Quantinno Capital Management LP’s holdings in Timken were worth $39,878,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Royal Bank of Canada increased its position in shares of Timken by 44.2% during the first quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock worth $6,508,000 after acquiring an additional 27,750 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Timken by 147.0% in the first quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock valued at $25,569,000 after purchasing an additional 211,718 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Timken by 7.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,872 shares of the industrial products company’s stock worth $16,305,000 after purchasing an additional 16,000 shares in the last quarter. Prudential Financial Inc. grew its stake in Timken by 18.7% during the 2nd quarter. Prudential Financial Inc. now owns 6,815 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 1,075 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Timken by 241.7% during the 2nd quarter. Invesco Ltd. now owns 604,879 shares of the industrial products company’s stock worth $43,884,000 after purchasing an additional 427,879 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Stock Up 2.8%

Shares of NYSE TKR opened at $135.94 on Friday. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 30.90, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20. 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 business has a 50-day moving average of $136.62 and a two-hundred day moving average of $115.36. Timken Company has a 1 year low of $70.57 and a 1 year high of $146.37.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.17. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. Timken had a return on equity of 11.84% and a net margin of 6.60%.The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. On average, analysts forecast that Timken Company will post 6.16 earnings per share 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 given a dividend of $0.36 per share. The ex-dividend date was Tuesday, May 19th. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. This is a boost from Timken’s previous quarterly dividend of $0.35. Timken’s payout ratio is presently 32.73%.

Insider Activity

In related news, Director Richard G. Kyle sold 37,181 shares of Timken stock in a transaction on Friday, May 8th. The shares were sold at an average price of $117.34, for a total transaction of $4,362,818.54. Following the sale, the director directly owned 206,455 shares in the company, valued at $24,225,429.70. This trade represents a 15.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ajita G. Rajendra sold 8,450 shares of the business’s stock in a transaction on Friday, June 5th. The shares were 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 directly owned 20,225 shares of the company’s stock, valued at approximately $2,656,351.50. This trade represents a 29.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 69,079 shares of company stock worth $8,296,144. Corporate insiders own 8.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on TKR. DA Davidson initiated coverage on Timken in a research report on Tuesday, June 16th. They issued a “neutral” rating and a $130.00 price target on the stock. JPMorgan Chase & Co. upped their target price on shares of Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Morgan Stanley set a $140.00 target price on shares of Timken in a report on Thursday, May 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research note on Friday, July 17th. Finally, The Goldman Sachs Group boosted their price target on shares of Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $150.00.

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.