Wedge Capital Management L L P NC Cuts Stock Holdings in Timken Company (The) $TKR

Wedge Capital Management L L P NC cut its holdings in shares of Timken Company (The) (NYSE:TKR) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,626 shares of the industrial products company’s stock after selling 12,113 shares during the period. Wedge Capital Management L L P NC owned approximately 0.26% of Timken worth $15,196,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. New York State Common Retirement Fund raised its position in shares of Timken by 6.3% during the 3rd quarter. New York State Common Retirement Fund now owns 461,129 shares of the industrial products company’s stock valued at $34,668,000 after purchasing an additional 27,515 shares during the period. Keybank National Association OH boosted its position in shares of Timken by 107.8% during the 3rd quarter. Keybank National Association OH now owns 727,777 shares of the industrial products company’s stock valued at $54,714,000 after acquiring an additional 377,607 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Timken by 34.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,493,167 shares of the industrial products company’s stock worth $112,256,000 after buying an additional 385,389 shares in the last quarter. Deprince Race & Zollo Inc. bought a new stake in Timken during the third quarter worth approximately $22,624,000. Finally, Segall Bryant & Hamill LLC purchased a new stake in Timken during the 3rd quarter valued at $8,107,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Wall Street Analyst Weigh In

TKR has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Timken from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Morgan Stanley increased their price target on shares of Timken from $105.00 to $116.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. DA Davidson raised their price target on Timken from $86.00 to $108.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Citigroup raised their price objective on Timken from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $94.89.

Timken Trading Down 1.5%

Shares of Timken stock opened at $97.54 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.47 and a current ratio of 2.82. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.45 and a beta of 1.18. The stock has a 50 day moving average of $101.38 and a 200 day moving average of $87.75. Timken Company has a fifty-two week low of $56.20 and a fifty-two 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. Timken had a return on equity of 11.52% and a net margin of 6.29%.The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.16 EPS. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, research analysts predict that Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

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

Insider Activity

In other Timken news, Director Richard G. Kyle sold 19,636 shares of Timken 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 transaction, the director directly owned 243,636 shares in the company, valued at approximately $26,310,251.64. The trade was a 7.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 8.70% 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.