Timken Company (The) $TKR Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its stake in Timken Company (The) (NYSE:TKR) by 1.3% in the third quarter, Holdings Channel.com reports. The fund owned 3,796,526 shares of the industrial products company’s stock after selling 48,649 shares during the quarter. American Century Companies Inc. owned about 0.05% of Timken worth $285,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Cooke & Bieler LP increased its position in shares of Timken by 341.0% during the second quarter. Cooke & Bieler LP now owns 1,106,981 shares of the industrial products company’s stock worth $80,311,000 after purchasing an additional 855,961 shares in the last quarter. Invesco Ltd. boosted its position in shares of Timken by 241.7% in the 2nd quarter. Invesco Ltd. now owns 604,879 shares of the industrial products company’s stock valued at $43,884,000 after purchasing an additional 427,879 shares during the period. Bank of New York Mellon Corp grew its stake in Timken by 57.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,107,778 shares of the industrial products company’s stock worth $80,369,000 after buying an additional 403,629 shares during the last quarter. Brandes Investment Partners LP grew its stake in Timken by 358.8% during the 2nd quarter. Brandes Investment Partners LP now owns 513,641 shares of the industrial products company’s stock worth $37,265,000 after buying an additional 401,694 shares during the last quarter. Finally, Keybank National Association OH increased its position in Timken by 107.8% during the third quarter. Keybank National Association OH now owns 727,777 shares of the industrial products company’s stock worth $54,714,000 after buying an additional 377,607 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

Insider Buying and Selling

In other Timken news, Director Richard G. Kyle sold 19,636 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $107.99, for a total value of $2,120,491.64. Following the sale, the director owned 243,636 shares of the company’s stock, valued at approximately $26,310,251.64. This represents a 7.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.70% of the company’s stock.

Timken Stock Down 1.5%

Shares of NYSE TKR opened at $108.19 on Friday. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 1.61 and a beta of 1.21. Timken Company has a 52 week low of $56.20 and a 52 week high of $111.39. The firm has a 50-day moving average price of $96.45 and a 200 day moving average price of $84.51. The company has a quick ratio of 1.47, a current ratio of 2.82 and a debt-to-equity ratio of 0.56.

Timken (NYSE:TKR) last issued its earnings results on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. Timken had a net margin of 6.29% and a return on equity of 11.52%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. Equities research analysts anticipate that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Tuesday, February 24th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $1.40 annualized dividend and a yield of 1.3%. Timken’s payout ratio is currently 34.06%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TKR. Oppenheimer set a $108.00 price objective on Timken in a report on Thursday, February 5th. Morgan Stanley lifted their target price on shares of Timken from $105.00 to $116.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research note on Wednesday, January 21st. JPMorgan Chase & Co. raised their price objective on shares of Timken from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Finally, Wall Street Zen lowered shares of Timken from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $93.78.

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.