William Blair Investment Management LLC Takes Position in Timken Company (The) $TKR

William Blair Investment Management LLC bought a new position in shares of Timken Company (The) (NYSE:TKR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 954,839 shares of the industrial products company’s stock, valued at approximately $138,757,000. William Blair Investment Management LLC owned about 1.38% of Timken as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of TKR. Fifth Third Wealth Advisors LLC increased its holdings in Timken by 4.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,537 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 104 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Timken by 4.1% during the first quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock valued at $299,000 after purchasing an additional 116 shares in the last quarter. Parvin Asset Management LLC grew its position in shares of Timken by 16.5% during the first quarter. Parvin Asset Management LLC now owns 920 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 130 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Timken by 3.2% in the third quarter. Quadrant Capital Group LLC now owns 4,319 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 132 shares during the last quarter. Finally, Hilltop Holdings Inc. lifted its position in shares of Timken by 3.7% in the third quarter. Hilltop Holdings Inc. now owns 3,997 shares of the industrial products company’s stock worth $300,000 after buying an additional 142 shares in the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Timken

In related news, Director Richard G. Kyle sold 13,637 shares of the firm’s stock in a transaction 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 sale, the director directly owned 183,724 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ajita G. Rajendra sold 8,450 shares of Timken stock in a transaction 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 transaction, the director directly owned 20,225 shares of the company’s stock, valued at $2,656,351.50. The trade was a 29.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,535 shares of company stock worth $3,912,529 in the last 90 days. 8.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TKR has been the subject of a number of research reports. Oppenheimer increased their price target on Timken from $147.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Evercore reaffirmed an “outperform” rating and set a $158.00 price objective on shares of Timken in a report on Monday, May 11th. DA Davidson set a $130.00 target price on Timken in a research report on Friday, August 14th. The Goldman Sachs Group increased their target price on Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Timken presently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

Timken Stock Up 0.4%

Shares of NYSE:TKR opened at $125.07 on Friday. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 1.46 and a beta of 1.21. Timken Company has a 12 month low of $70.57 and a 12 month high of $146.37. The company has a current ratio of 3.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $136.75 and a 200 day moving average price of $119.40.

Timken (NYSE:TKR) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.21. The company had revenue of $1.26 billion for 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% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, equities research analysts predict that Timken Company will post 6.26 earnings per share for the current year.

Timken Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Tuesday, August 18th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.2%. The ex-dividend date is 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.