Sei Investments Co. Reduces Stake in Timken Company (The) $TKR

Sei Investments Co. reduced its stake in shares of Timken Company (The) (NYSE:TKR) by 1.3% in the first quarter, Holdings Channel reports. The fund owned 345,350 shares of the industrial products company’s stock after selling 4,457 shares during the quarter. Sei Investments Co.’s holdings in Timken were worth $34,732,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of TKR. Fifth Third Wealth Advisors LLC raised its holdings in shares of Timken by 4.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,537 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 104 shares during the period. Parallel Advisors LLC increased its position in Timken by 4.1% in the first quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock worth $299,000 after buying an additional 116 shares during the last quarter. Uncommon Cents Investing LLC increased its position in Timken by 0.5% in the fourth quarter. Uncommon Cents Investing LLC now owns 27,465 shares of the industrial products company’s stock worth $2,311,000 after buying an additional 125 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Timken by 3.2% in the third quarter. Quadrant Capital Group LLC now owns 4,319 shares of the industrial products company’s stock valued at $325,000 after buying an additional 132 shares during the period. Finally, Hilltop Holdings Inc. lifted its position in shares of Timken by 3.7% during the 3rd quarter. Hilltop Holdings Inc. now owns 3,997 shares of the industrial products company’s stock valued at $300,000 after buying an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Price Performance

Timken stock opened at $141.08 on Tuesday. The firm has a market capitalization of $9.81 billion, a P/E ratio of 32.06, a PEG ratio of 1.69 and a beta of 1.20. Timken Company has a one year low of $70.57 and a one year high of $146.37. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.88 and a quick ratio of 1.55. The business has a fifty day moving average price of $135.37 and a 200-day moving average price of $114.39.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.17. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. Timken had a return on equity of 11.84% and a net margin of 6.60%.The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, equities research analysts forecast that Timken Company will post 6.16 EPS for the current year.

Timken Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were given 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 1.0%. The ex-dividend date was Tuesday, May 19th. Timken’s dividend payout ratio (DPR) is currently 32.73%.

Insider Activity

In other news, Director John M. Timken, Jr. sold 15,000 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $116.51, for a total value of $1,747,650.00. Following the sale, the director directly owned 264,744 shares of the company’s stock, valued at approximately $30,845,323.44. This represents a 5.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ajita G. Rajendra sold 8,450 shares of the stock in a transaction dated Friday, June 5th. The stock was 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 in the company, valued at approximately $2,656,351.50. The trade was a 29.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,079 shares of company stock worth $8,296,144 over the last ninety days. Company insiders own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TKR shares. The Goldman Sachs Group increased their price target on Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. JPMorgan Chase & Co. upped their price objective on shares of Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Oppenheimer increased their target price on shares of Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Citigroup lifted their target price on shares of Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a research report on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Timken presently has an average rating of “Moderate Buy” and an average target price of $150.00.

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.