Regents Gate Capital LLP Sells 6,718 Shares of Timken Company (The) $TKR

Regents Gate Capital LLP reduced its position in Timken Company (The) (NYSE:TKR) by 6.2% in the first quarter, Holdings Channel.com reports. The firm owned 101,754 shares of the industrial products company’s stock after selling 6,718 shares during the quarter. Timken makes up 2.2% of Regents Gate Capital LLP’s holdings, making the stock its 23rd biggest holding. Regents Gate Capital LLP’s holdings in Timken were worth $10,233,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of TKR. California Public Employees Retirement System boosted its stake in Timken by 13.3% in the first quarter. California Public Employees Retirement System now owns 142,285 shares of the industrial products company’s stock worth $14,310,000 after buying an additional 16,735 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Timken by 4.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 256,726 shares of the industrial products company’s stock valued at $26,201,000 after acquiring an additional 12,101 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in shares of Timken during the first quarter worth approximately $1,078,000. Checchi Capital Advisers LLC bought a new stake in shares of Timken in the 1st quarter worth approximately $235,000. Finally, Calamos Advisors LLC bought a new stake in shares of Timken in the 1st quarter worth approximately $299,000. 89.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Timken

In other Timken news, Director Ajita G. Rajendra sold 8,450 shares of the business’s stock in a transaction dated 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 transaction, the director owned 20,225 shares in the company, valued at approximately $2,656,351.50. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard G. Kyle sold 37,181 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 206,455 shares of the company’s stock, valued at approximately $24,225,429.70. This trade represents a 15.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 69,079 shares of company stock worth $8,296,144. 8.10% of the stock is currently owned by company insiders.

Timken Stock Performance

NYSE:TKR opened at $137.76 on Friday. The firm has a market cap of $9.57 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 1.65 and a beta of 1.20. Timken Company has a fifty-two week low of $70.57 and a fifty-two week high of $146.37. 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 business has a 50 day moving average price of $132.49 and a 200-day moving average price of $111.97.

Timken (NYSE:TKR) last issued its earnings results on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm earned $1.40 earnings per share. The firm’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. Equities research analysts predict that Timken Company will post 6.16 earnings per share for the current year.

Timken Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TKR shares. KeyCorp upped their price objective on shares of Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. The Goldman Sachs Group lifted their target price on shares of Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. DA Davidson initiated coverage on shares of Timken in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $130.00 price target for the company. Evercore restated an “outperform” rating and set a $158.00 price target on shares of Timken in a research report on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research note on Monday, April 20th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Timken has an average rating of “Moderate Buy” and an average price target of $149.62.

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.