Bank of New York Mellon Corp Reduces Holdings in Timken Company (The) $TKR

Bank of New York Mellon Corp reduced its position in Timken Company (The) (NYSE:TKR) by 7.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,034,111 shares of the industrial products company’s stock after selling 88,242 shares during the period. Bank of New York Mellon Corp’s holdings in Timken were worth $104,001,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TKR. Gordian Capital Singapore Pte Ltd purchased a new stake in Timken during the 4th quarter worth approximately $25,000. Clearstead Advisors LLC boosted its stake in shares of Timken by 130.3% during the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock valued at $26,000 after buying an additional 172 shares during the last quarter. Eastern Bank acquired a new stake in shares of Timken during the fourth quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new stake in shares of Timken during the fourth quarter worth approximately $31,000. Finally, Kestra Investment Management LLC acquired a new position in Timken during the 2nd quarter worth $42,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TKR. KeyCorp boosted their price objective on Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. The Goldman Sachs Group increased their target price on shares of Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Citigroup raised their price target on Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Oppenheimer raised their price target on shares of Timken from $137.00 to $147.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Finally, DA Davidson initiated coverage on shares of Timken in a research note on Tuesday, June 16th. They set a “neutral” rating and a $130.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $149.62.

Timken Price Performance

NYSE TKR opened at $134.32 on Tuesday. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.60. The company has a market cap of $9.34 billion, a PE ratio of 30.53, a PEG ratio of 1.64 and a beta of 1.20. Timken Company has a 1 year low of $70.57 and a 1 year high of $146.37. The stock’s 50-day moving average price is $132.83 and its two-hundred day moving average price is $112.49.

Timken (NYSE:TKR) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.17. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Timken had a net margin of 6.60% and a return on equity of 11.84%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. On average, analysts predict that Timken Company will post 6.16 EPS for the current year.

Timken Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were issued a dividend of $0.36 per share. This is an increase from Timken’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, May 19th. Timken’s dividend payout ratio is 32.73%.

Insider Activity at Timken

In other Timken news, Director Ajita G. Rajendra sold 8,450 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $131.34, for a total value of $1,109,823.00. Following the completion of the sale, the director owned 20,225 shares in the company, valued at $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 is available through this hyperlink. Also, Director Richard G. Kyle sold 37,181 shares of Timken stock in a transaction on Friday, May 8th. The shares were sold at an average price of $117.34, for a total transaction of $4,362,818.54. Following the sale, the director directly owned 206,455 shares of the company’s stock, valued at $24,225,429.70. This trade represents a 15.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 69,079 shares of company stock valued at $8,296,144. Corporate insiders own 8.10% of the company’s stock.

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.