Gallo Partners LP Makes New $1.11 Million Investment in Timken Company (The) $TKR

Gallo Partners LP bought a new stake in Timken Company (The) (NYSE:TKR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,637 shares of the industrial products company’s stock, valued at approximately $1,110,000. Timken comprises approximately 2.5% of Gallo Partners LP’s portfolio, making the stock its 15th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of TKR. Segall Bryant & Hamill LLC grew its holdings in Timken by 29.9% during the first quarter. Segall Bryant & Hamill LLC now owns 451,516 shares of the industrial products company’s stock valued at $45,409,000 after purchasing an additional 103,904 shares during the period. Peregrine Investment Management Inc. bought a new stake in shares of Timken in the first quarter valued at $7,040,000. Wealth High Governance Capital Ltda bought a new stake in shares of Timken in the fourth quarter valued at $16,429,000. Regents Gate Capital LLP purchased a new position in shares of Timken during the 4th quarter valued at $9,126,000. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Timken by 247.3% during the 1st 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 during the period. 89.08% of the stock is owned by institutional investors.

Timken Stock Performance

NYSE:TKR opened at $125.07 on Monday. The business’s fifty day moving average is $136.75 and its 200 day moving average is $119.58. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 1.47 and a beta of 1.21. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10. Timken Company has a 52-week low of $70.57 and a 52-week high of $146.37.

Timken (NYSE:TKR) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.62 by $0.21. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. Timken had a return on equity of 12.63% and a net margin of 5.43%.The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 EPS. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Research analysts predict that Timken Company will post 6.26 EPS for the current year.

Timken Dividend Announcement

The company 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 $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, August 18th. Timken’s dividend payout ratio (DPR) is 39.02%.

Insider Buying and Selling

In related news, Director Richard G. Kyle sold 13,637 shares of the company’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 transaction of $1,726,853.31. Following the sale, the director owned 183,724 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, Director Ajita G. Rajendra sold 8,450 shares of the 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 sale, the director owned 20,225 shares in the company, valued at $2,656,351.50. This represents a 29.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 30,535 shares of company stock valued at $3,912,529 over the last 90 days. 8.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TKR has been the subject of several recent research reports. Morgan Stanley set a $140.00 price objective on Timken in a report on Thursday, May 21st. KeyCorp increased their target price on shares of Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Oppenheimer lifted their target price on shares of Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. The Goldman Sachs Group boosted their price target on shares of Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. Finally, Citigroup upped their price target on shares of Timken from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $150.00.

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.