First Eagle Investment Management LLC Purchases 18,503 Shares of Timken Company (The) $TKR

First Eagle Investment Management LLC increased its position in Timken Company (The) (NYSE:TKR) by 27.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 86,003 shares of the industrial products company’s stock after buying an additional 18,503 shares during the quarter. First Eagle Investment Management LLC’s holdings in Timken were worth $6,466,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC purchased a new position in Timken during the third quarter valued at $8,107,000. Aster Capital Management DIFC Ltd increased its position in Timken by 246.2% during the third quarter. Aster Capital Management DIFC Ltd now owns 1,513 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 1,076 shares during the last quarter. Erste Asset Management GmbH grew its holdings in Timken by 51.8% during the 3rd quarter. Erste Asset Management GmbH now owns 21,817 shares of the industrial products company’s stock valued at $1,641,000 after purchasing an additional 7,444 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Timken by 55.9% in the third quarter. Handelsbanken Fonder AB now owns 18,400 shares of the industrial products company’s stock worth $1,383,000 after buying an additional 6,600 shares during the period. Finally, Choreo LLC increased its stake in Timken by 106.2% in the third quarter. Choreo LLC now owns 8,593 shares of the industrial products company’s stock worth $646,000 after purchasing an additional 4,425 shares during the period. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Trading Down 0.9%

TKR stock opened at $105.66 on Thursday. The firm has a market cap of $7.35 billion, a P/E ratio of 25.71, a PEG ratio of 1.57 and a beta of 1.18. The company’s 50-day simple moving average is $97.73 and its 200-day simple moving average is $85.19. The company has a quick ratio of 1.47, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. Timken Company has a 52-week low of $56.20 and a 52-week high of $111.39.

Timken (NYSE:TKR) last posted its quarterly earnings data 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. Timken had a return on equity of 11.52% and a net margin of 6.29%.The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the business earned $1.16 earnings per share. The business’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. As a group, equities analysts forecast that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Tuesday, February 24th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, February 24th. Timken’s payout ratio is presently 34.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TKR shares. Morgan Stanley raised their target price on shares of Timken from $105.00 to $116.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a report on Sunday. Citigroup increased their price objective on Timken from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, February 5th. DA Davidson increased their price objective on shares of Timken from $86.00 to $108.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Finally, Oppenheimer set a $108.00 target price on Timken in a research note on Thursday, February 5th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $93.78.

Insider Activity

In related news, Director Richard G. Kyle sold 19,636 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $107.99, for a total value of $2,120,491.64. Following the completion of the transaction, the director directly owned 243,636 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 8.70% of the stock is owned by corporate insiders.

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.