Cambria Investment Management L.P. Sells 7,904 Shares of Timken Company (The) $TKR

Cambria Investment Management L.P. reduced its stake in shares of Timken Company (The) (NYSE:TKR) by 6.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,733 shares of the industrial products company’s stock after selling 7,904 shares during the quarter. Cambria Investment Management L.P. owned approximately 0.16% of Timken worth $8,400,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. UBS Group AG raised its holdings in Timken by 734.7% in the third 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. Invesco Ltd. boosted its holdings in shares of Timken by 124.5% in the 3rd quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company’s stock valued at $102,106,000 after buying an additional 753,275 shares in the last quarter. American Century Companies Inc. grew its position in shares of Timken by 13.4% in the 2nd quarter. American Century Companies Inc. now owns 3,845,175 shares of the industrial products company’s stock worth $278,968,000 after buying an additional 455,050 shares during the last quarter. Brandes Investment Partners LP grew its position in shares of Timken by 358.8% in 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, Bank of New York Mellon Corp raised its stake in shares of Timken by 34.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,493,167 shares of the industrial products company’s stock worth $112,256,000 after acquiring an additional 385,389 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

Insider Transactions at Timken

In other Timken news, Director Richard G. Kyle sold 19,636 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $26,310,251.64. This represents a 7.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 8.70% of the company’s stock.

Analyst Upgrades and Downgrades

TKR has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a research note on Wednesday, January 21st. JPMorgan Chase & Co. upped their price target on Timken from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. Oppenheimer set a $108.00 price objective on Timken in a report on Thursday, February 5th. DA Davidson raised their price objective on Timken from $86.00 to $108.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Finally, Morgan Stanley boosted their target price on Timken from $105.00 to $116.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $94.89.

Timken Price Performance

NYSE:TKR opened at $98.25 on Thursday. The firm’s fifty day moving average is $100.42 and its two-hundred day moving average is $86.76. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 1.45 and a beta of 1.18. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.47 and a current ratio of 2.82. Timken Company has a one year low of $56.20 and a one year high of $111.39.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Timken had a return on equity of 11.52% and a net margin of 6.29%.The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business posted $1.16 EPS. The company’s revenue was up 3.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. Research analysts expect that Timken Company will post 5.62 EPS for the current year.

Timken Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Tuesday, February 24th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. Timken’s payout ratio is presently 34.06%.

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.