Hudson Bay Capital Management LP Buys New Position in Timken Company (The) $TKR

Hudson Bay Capital Management LP bought a new position in Timken Company (The) (NYSE:TKR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 38,294 shares of the industrial products company’s stock, valued at approximately $2,879,000.

Several other institutional investors have also recently added to or reduced their stakes in TKR. Mather Group LLC. bought a new stake in shares of Timken in the 3rd quarter valued at $25,000. SJS Investment Consulting Inc. lifted its position in shares of Timken by 4,512.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 369 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 361 shares during the period. Kestra Investment Management LLC bought a new position in Timken during the second quarter worth $42,000. Danske Bank A S bought a new position in Timken during the third quarter worth $45,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Timken by 1,954.3% in the second quarter. EverSource Wealth Advisors LLC now owns 719 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 684 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Richard G. Kyle sold 19,636 shares of Timken stock in a transaction on Friday, February 20th. The stock was sold at an average price of $107.99, for a total transaction of $2,120,491.64. Following the sale, the director directly owned 243,636 shares in the company, valued at $26,310,251.64. The trade was a 7.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

Timken Price Performance

Shares of NYSE TKR opened at $95.27 on Friday. The company has a market capitalization of $6.65 billion, a PE ratio of 23.18, a PEG ratio of 1.40 and a beta of 1.18. The company has a quick ratio of 1.47, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average price is $100.64 and its 200-day moving average price is $87.03. Timken Company has a twelve month low of $56.20 and a twelve month high of $111.39.

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

Timken Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Tuesday, February 24th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, February 24th. Timken’s dividend payout ratio is 34.06%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TKR shares. Oppenheimer set a $108.00 price objective on shares of Timken in a report on Thursday, February 5th. DA Davidson raised their target price on Timken from $86.00 to $108.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Citigroup boosted their target price on Timken from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. 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 note on Monday, March 9th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Timken has an average rating of “Hold” and an average price target of $94.89.

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.