State of Wyoming Purchases Shares of 10,091 Timken Company (The) $TKR

State of Wyoming acquired a new position in Timken Company (The) (NYSE:TKR) in the 2nd quarter, HoldingsChannel reports. The firm acquired 10,091 shares of the industrial products company’s stock, valued at approximately $1,466,000.

A number of other large investors have also recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC increased its stake in shares of Timken by 4.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,537 shares of the industrial products company’s stock valued at $255,000 after buying an additional 104 shares during the period. Parallel Advisors LLC lifted its stake in Timken by 4.1% in the first quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 116 shares during the period. Parvin Asset Management LLC lifted its stake in Timken by 16.5% in the first quarter. Parvin Asset Management LLC now owns 920 shares of the industrial products company’s stock worth $93,000 after acquiring an additional 130 shares during the period. Quadrant Capital Group LLC boosted its holdings in Timken by 3.2% in the third quarter. Quadrant Capital Group LLC now owns 4,319 shares of the industrial products company’s stock valued at $325,000 after acquiring an additional 132 shares in the last quarter. Finally, Hilltop Holdings Inc. boosted its holdings in Timken by 3.7% in the third quarter. Hilltop Holdings Inc. now owns 3,997 shares of the industrial products company’s stock valued at $300,000 after acquiring an additional 142 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on TKR. Morgan Stanley set a $140.00 price objective on shares of Timken in a report on Thursday, May 21st. DA Davidson set a $130.00 target price on shares of Timken in a research note on Friday. KeyCorp boosted their price target on shares of Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Citigroup increased their price target on shares of Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Oppenheimer raised their price objective on shares of Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Timken presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

Insider Transactions at Timken

In related news, Director Richard G. Kyle sold 13,637 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the sale, the director owned 183,724 shares of the company’s stock, valued at $23,264,970.12. The trade was a 6.91% decrease in their ownership of the stock. 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 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 three months, insiders have sold 30,535 shares of company stock valued at $3,912,529. 8.10% of the stock is currently owned by corporate insiders.

Timken Price Performance

Shares of TKR stock opened at $133.37 on Friday. The business’s fifty day moving average is $137.56 and its 200 day moving average is $118.22. The company has a quick ratio of 1.74, a current ratio of 3.10 and a debt-to-equity ratio of 0.61. The stock has a market cap of $9.24 billion, a price-to-earnings ratio of 36.14, a PEG ratio of 1.57 and a beta of 1.21. Timken Company has a twelve month low of $70.57 and a twelve month high of $146.37.

Timken (NYSE:TKR) last announced its quarterly earnings data 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 return on equity of 12.63% and a net margin of 5.43%.The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $1.12 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Research analysts expect that Timken Company will post 6.23 EPS for the current fiscal year.

Timken Dividend Announcement

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