JPMorgan Chase & Co. Increases Position in Timken Company (The) $TKR

JPMorgan Chase & Co. grew its position in Timken Company (The) (NYSE:TKR) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 188,791 shares of the industrial products company’s stock after purchasing an additional 8,691 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.27% of Timken worth $14,193,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada increased its holdings in Timken by 44.2% in the first quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock valued at $6,508,000 after buying an additional 27,750 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Timken by 147.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock worth $25,569,000 after buying an additional 211,718 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Timken by 7.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,872 shares of the industrial products company’s stock worth $16,305,000 after acquiring an additional 16,000 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Timken in the 2nd quarter valued at about $545,000. Finally, Creative Planning increased its holdings in shares of Timken by 15.2% in the 2nd quarter. Creative Planning now owns 10,351 shares of the industrial products company’s stock valued at $751,000 after acquiring an additional 1,366 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Timken Stock Down 2.8%

Timken stock opened at $99.00 on Friday. The company has a market capitalization of $6.91 billion, a P/E ratio of 24.09, a PEG ratio of 1.50 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 fifty-two week low of $56.20 and a fifty-two week high of $111.39. The stock has a 50-day simple moving average of $101.30 and a 200-day simple moving average of $87.61.

Timken (NYSE:TKR) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. Timken had a return on equity of 11.52% and a net margin of 6.29%.The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. The firm’s revenue 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 expect that Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TKR shares. DA Davidson boosted their target price on Timken from $86.00 to $108.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Oppenheimer set a $108.00 price target on shares of Timken in a research note on Thursday, February 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 target price on shares of Timken in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Timken has an average rating of “Hold” and a consensus target price of $94.89.

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.