6,529 Shares in Timken Company (The) $TKR Bought by Ritholtz Wealth Management

Ritholtz Wealth Management bought a new position in shares of Timken Company (The) (NYSE:TKR) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 6,529 shares of the industrial products company’s stock, valued at approximately $657,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Timken by 12.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,672,110 shares of the industrial products company’s stock worth $224,813,000 after acquiring an additional 297,047 shares during the last quarter. UBS Group AG boosted 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 valued at $171,880,000 after acquiring an additional 2,012,352 shares during the last quarter. Victory Capital Management Inc. increased its position in Timken by 15.5% during 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 purchasing an additional 247,000 shares during the period. Invesco Ltd. increased its position in Timken by 1.0% during the 4th quarter. Invesco Ltd. now owns 1,371,613 shares of the industrial products company’s stock valued at $115,394,000 after purchasing an additional 13,459 shares during the period. Finally, Brown Advisory Inc. raised its holdings in Timken by 5.6% during the 4th quarter. Brown Advisory Inc. now owns 1,273,668 shares of the industrial products company’s stock worth $107,154,000 after purchasing an additional 67,573 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TKR. JPMorgan Chase & Co. raised shares of Timken from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $130.00 to $150.00 in a research note on Tuesday, May 26th. Morgan Stanley set a $140.00 target price on shares of Timken in a research note on Thursday, May 21st. KeyCorp boosted their target price on shares of Timken from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research report on Monday, April 20th. Finally, Oppenheimer lifted their price objective on Timken from $137.00 to $147.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.62.

Insider Activity at Timken

In related news, Director Ajita G. Rajendra sold 8,450 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $131.34, for a total transaction of $1,109,823.00. Following the transaction, the director directly owned 20,225 shares of the company’s stock, valued at approximately $2,656,351.50. This represents a 29.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John M. Timken, Jr. sold 15,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $116.51, for a total value of $1,747,650.00. Following the completion of the transaction, the director owned 264,744 shares in the company, valued at approximately $30,845,323.44. The trade was a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 69,079 shares of company stock valued at $8,296,144 in the last three months. Corporate insiders own 8.10% of the company’s stock.

Timken Stock Performance

NYSE:TKR opened at $145.32 on Wednesday. The company has a fifty day moving average of $125.10 and a 200-day moving average of $107.31. The firm has a market capitalization of $10.10 billion, a P/E ratio of 33.03, a P/E/G ratio of 1.72 and a beta of 1.21. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 0.60. Timken Company has a twelve month low of $70.57 and a twelve month high of $146.37.

Timken (NYSE:TKR) last issued its earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.17. Timken had a net margin of 6.60% and a return on equity of 11.84%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the firm earned $1.40 earnings per share. Timken’s revenue was up 8.0% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, sell-side analysts anticipate that Timken Company will post 6.14 EPS for the current year.

Timken Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were paid a $0.36 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. This is a boost from Timken’s previous quarterly dividend of $0.35. Timken’s dividend payout ratio (DPR) is 32.73%.

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.