Gallo Partners LP Makes New $1.11 Million Investment in Timken Company (The) $TKR

Gallo Partners LP bought a new stake in Timken Company (The) (NYSE:TKR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,637 shares of the industrial products company’s stock, valued at approximately $1,110,000. Timken comprises approximately 2.5% of Gallo Partners LP’s investment portfolio, making the stock its 15th biggest position.

A number of other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Timken in the second quarter valued at approximately $869,997,000. UBS Group AG grew its holdings in Timken by 734.7% during the 3rd quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after acquiring an additional 2,012,352 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Timken in the 2nd quarter valued at approximately $140,755,000. William Blair Investment Management LLC acquired a new position in Timken in the 2nd quarter valued at approximately $138,757,000. Finally, Invesco Ltd. raised its stake in shares of Timken by 124.5% during the third quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company’s stock valued at $102,106,000 after acquiring an additional 753,275 shares during the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on TKR shares. Evercore reissued an “outperform” rating and issued a $158.00 price objective on shares of Timken in a research note on Monday, May 11th. Oppenheimer raised their target price on Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their target price on Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Citigroup upped their price target on Timken from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, The Goldman Sachs Group raised their price target on shares of Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $150.00.

Insider Transactions at Timken

In other news, Director Ajita G. Rajendra sold 8,450 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was 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 $2,656,351.50. The trade was a 29.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard G. Kyle sold 13,637 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $126.63, for a total value of $1,726,853.31. Following the sale, the director directly owned 183,724 shares of the company’s stock, valued at $23,264,970.12. The trade was a 6.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 30,535 shares of company stock valued at $3,912,529 over the last ninety days. 8.10% of the stock is currently owned by insiders.

Timken Price Performance

TKR stock opened at $125.07 on Monday. The company has a market capitalization of $8.67 billion, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 1.47 and a beta of 1.21. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10. Timken Company has a 52-week low of $70.57 and a 52-week high of $146.37. The business has a 50-day simple moving average of $136.75 and a two-hundred day simple moving average of $119.58.

Timken (NYSE:TKR) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.21. Timken had a return on equity of 12.63% and a net margin of 5.43%.The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm posted $1.12 EPS. Timken’s quarterly revenue was up 7.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Research analysts expect that Timken Company will post 6.26 EPS for the current fiscal year.

Timken Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Tuesday, August 18th will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.44 annualized dividend and a yield of 1.2%. Timken’s payout ratio is 39.02%.

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.