Erste Asset Management GmbH Acquires 6,463 Shares of Timken Company (The) $TKR

Erste Asset Management GmbH boosted its holdings in Timken Company (The) (NYSE:TKR) by 29.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,280 shares of the industrial products company’s stock after acquiring an additional 6,463 shares during the quarter. Erste Asset Management GmbH’s holdings in Timken were worth $2,441,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TKR. Clearstead Advisors LLC lifted its position 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 worth $26,000 after buying an additional 172 shares in the last quarter. Eastern Bank purchased a new stake in shares of Timken during the 4th quarter worth approximately $27,000. V Square Quantitative Management LLC purchased a new stake in shares of Timken during the 4th quarter worth approximately $31,000. Kestra Investment Management LLC purchased a new stake in shares of Timken during the 2nd quarter worth approximately $42,000. Finally, Danske Bank A S purchased a new stake in shares of Timken during the 3rd quarter worth approximately $45,000. Institutional investors own 89.08% of the company’s stock.

Timken Stock Performance

NYSE TKR opened at $137.23 on Wednesday. Timken Company has a 52-week low of $69.25 and a 52-week high of $139.43. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.55 and a current ratio of 2.88. The company has a market capitalization of $9.54 billion, a P/E ratio of 31.19, a P/E/G ratio of 1.62 and a beta of 1.21. The company has a fifty day moving average of $113.94 and a 200-day moving average of $101.10.

Timken (NYSE:TKR) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. Timken had a net margin of 6.60% and a return on equity of 11.84%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm posted $1.40 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, equities research analysts predict that Timken Company will post 6.13 EPS for the current fiscal year.

Timken Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Timken’s previous quarterly dividend of $0.35. Timken’s payout ratio is presently 32.73%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Evercore restated an “outperform” rating and set a $158.00 price target on shares of Timken in a research note on Monday, May 11th. Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Morgan Stanley set a $140.00 price target on shares of Timken in a research note on Thursday, May 21st. Oppenheimer raised their price target on shares of Timken from $137.00 to $147.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, The Goldman Sachs Group set a $128.00 price target on shares of Timken in a research note on Friday, May 22nd. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $140.38.

Insider Transactions at Timken

In other news, Director Ajita G. Rajendra sold 8,450 shares of Timken stock in a transaction on Friday, June 5th. The shares were sold at an average price of $131.34, for a total transaction of $1,109,823.00. Following the completion of the sale, the director directly owned 20,225 shares of the company’s stock, valued at approximately $2,656,351.50. The trade was a 29.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard G. Kyle sold 8,448 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $127.35, for a total transaction of $1,075,852.80. Following the completion of the sale, the director directly owned 197,361 shares of the company’s stock, valued at $25,133,923.35. This represents a 4.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 69,079 shares of company stock valued at $8,296,144. Insiders own 8.10% of the company’s stock.

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.