Timken Company (The) $TKR Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in Timken Company (The) (NYSE:TKR) by 7.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 690,546 shares of the industrial products company’s stock after selling 54,434 shares during the quarter. Principal Financial Group Inc.’s holdings in Timken were worth $58,098,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mather Group LLC. acquired a new position in Timken in the third quarter valued at about $25,000. Eastern Bank acquired a new stake in shares of Timken during the fourth quarter worth about $27,000. V Square Quantitative Management LLC acquired a new stake in shares of Timken during the fourth quarter worth about $31,000. Kestra Investment Management LLC acquired a new stake in shares of Timken during the second quarter worth about $42,000. Finally, Danske Bank A S acquired a new stake in shares of Timken during the third quarter worth about $45,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Stock Performance

Shares of TKR opened at $117.97 on Friday. The company has a current ratio of 2.88, a quick ratio of 1.47 and a debt-to-equity ratio of 0.60. The firm has a market cap of $8.20 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.67 and a beta of 1.18. The company’s 50 day simple moving average is $104.05 and its 200-day simple moving average is $93.67. Timken Company has a 12-month low of $67.14 and a 12-month high of $123.67.

Timken (NYSE:TKR) last issued its quarterly earnings results 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. Timken had a return on equity of 11.84% and a net margin of 6.60%.The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the company earned $1.40 earnings per share. The company’s revenue for the quarter 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, equities analysts predict that Timken Company will post 5.97 EPS for the current year.

Timken Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be issued a dividend of $0.36 per share. This is a boost from Timken’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, May 19th. Timken’s dividend payout ratio is 31.82%.

Insider Buying and Selling at Timken

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 transaction of $2,120,491.64. Following the completion of the sale, the director directly owned 243,636 shares of the company’s stock, valued at $26,310,251.64. This trade represents a 7.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Oppenheimer increased their price target on shares of Timken from $117.00 to $132.00 and gave the stock an “outperform” rating in a research report on Thursday. Citigroup increased their price target on shares of Timken from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley restated an “overweight” rating and set a $125.00 target price on shares of Timken in a research note on Friday. DA Davidson upped their target price on shares of Timken from $86.00 to $108.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a research note on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $115.88.

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.