Timken Company (The) $TKR Stake Lessened by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lessened its holdings in Timken Company (The) (NYSE:TKR) by 13.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,483 shares of the industrial products company’s stock after selling 23,893 shares during the period. Wedge Capital Management L L P NC’s holdings in Timken were worth $21,432,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TKR. Segall Bryant & Hamill LLC boosted its position in 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 acquiring an additional 103,904 shares during the period. Peregrine Investment Management Inc. acquired a new position in shares of Timken in the 1st quarter valued at about $7,040,000. Wealth High Governance Capital Ltda acquired a new position in shares of Timken in the 4th quarter valued at about $16,429,000. Regents Gate Capital LLP purchased a new stake in shares of Timken in the fourth quarter worth approximately $9,126,000. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of Timken by 247.3% in 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 purchasing an additional 36,455 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Trading Up 1.6%

Shares of Timken stock opened at $128.57 on Wednesday. Timken Company has a 1 year low of $70.57 and a 1 year high of $146.37. The company’s fifty day simple moving average is $137.61 and its 200-day simple moving average is $117.60. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 1.49 and a beta of 1.21. The company has a current ratio of 3.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61.

Timken (NYSE:TKR) last released its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.62 by $0.21. Timken had a net margin of 5.43% and a return on equity of 12.63%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the company earned $1.12 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, sell-side analysts expect that Timken Company will post 6.23 EPS for the current year.

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. Timken’s dividend payout ratio is currently 39.02%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TKR. Citigroup boosted their price objective 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. Weiss Ratings lowered shares of Timken from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. boosted their price target on shares of Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. KeyCorp upped their price target 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, Evercore reissued an “outperform” rating and set a $158.00 price objective on shares of Timken in a research report on Monday, May 11th. Six investment 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.00.

Insider Activity

In other Timken news, Director Richard G. Kyle sold 13,637 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was 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 owned 183,724 shares of the company’s stock, valued at $23,264,970.12. This represents a 6.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ajita G. Rajendra sold 8,450 shares of the firm’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 value of $1,109,823.00. Following the completion of the sale, the director owned 20,225 shares of the company’s stock, valued at $2,656,351.50. This represents a 29.47% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 30,535 shares of company stock valued at $3,912,529. 8.10% of the stock is owned by corporate insiders.

Timken 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.