Moore Capital Management LP Invests $6.87 Million in Timken Company (The) $TKR

Moore Capital Management LP bought a new position in Timken Company (The) (NYSE:TKR) during the second quarter, according to its most recent filing with the SEC. The firm bought 47,300 shares of the industrial products company’s stock, valued at approximately $6,874,000. Moore Capital Management LP owned approximately 0.07% of Timken as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TKR. BlackRock Inc. bought a new stake in Timken during the 2nd quarter worth approximately $869,997,000. Dimensional Fund Advisors LP grew its position in Timken by 8.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock worth $290,320,000 after purchasing an additional 214,845 shares in the last quarter. UBS Group AG grew its position in Timken by 734.7% in the 3rd quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after purchasing an additional 2,012,352 shares in the last quarter. Victory Capital Management Inc. increased its stake in Timken by 15.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,843,042 shares of the industrial products company’s stock valued at $155,055,000 after buying an additional 247,000 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Timken by 1.0% during the 4th quarter. Invesco Ltd. now owns 1,371,613 shares of the industrial products company’s stock worth $115,394,000 after buying an additional 13,459 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

Insider Buying and Selling

In other news, Director Richard G. Kyle sold 13,637 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $126.63, for a total value of $1,726,853.31. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ajita G. Rajendra sold 8,450 shares of Timken stock in a transaction on Friday, June 5th. The shares were sold at an average price of $131.34, for a total value of $1,109,823.00. Following the sale, the director directly 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 disclosure for this sale is available in the SEC filing. Corporate insiders own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TKR. Oppenheimer boosted their price objective on Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. raised their price objective on shares of Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Evercore reissued an “outperform” rating and set a $158.00 target price on shares of Timken in a research report on Monday, May 11th. KeyCorp raised 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, Citigroup lifted their price target on shares of Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Timken has a consensus rating of “Moderate Buy” and an average price target of $150.00.

Timken Trading Up 0.2%

Shares of TKR stock opened at $121.05 on Monday. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 1.42 and a beta of 1.21. The company’s fifty day simple moving average is $135.03 and its two-hundred day simple moving average is $120.31. Timken Company has a 1 year low of $70.57 and a 1 year high of $146.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.10 and a quick ratio of 1.74.

Timken (NYSE:TKR) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.21. The company had revenue of $1.26 billion during 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 quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, analysts anticipate that Timken Company will post 6.25 earnings per share for the current year.

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were 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 was Tuesday, August 18th. Timken’s dividend payout ratio (DPR) is 39.02%.

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.