Vulcan Value Partners LLC Sells 110,166 Shares of Timken Company (The) $TKR

Vulcan Value Partners LLC lessened its holdings in Timken Company (The) (NYSE:TKR) by 44.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 138,434 shares of the industrial products company’s stock after selling 110,166 shares during the quarter. Vulcan Value Partners LLC’s holdings in Timken were worth $11,646,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Timken in the fourth quarter valued at about $25,000. Clearstead Advisors LLC grew its position in shares of Timken by 130.3% during the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 172 shares in the last quarter. Eastern Bank purchased a new stake in shares of Timken during the fourth quarter worth about $27,000. V Square Quantitative Management LLC bought a new stake in Timken during the 4th quarter valued at approximately $31,000. Finally, Kestra Investment Management LLC bought a new stake in Timken during the 2nd quarter valued at approximately $42,000. 89.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Morgan Stanley set a $140.00 price target on Timken in a research note on Thursday, May 21st. Oppenheimer lifted their price objective on shares of Timken from $137.00 to $147.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Wall Street Zen raised shares of Timken from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. The Goldman Sachs Group set a $128.00 target price on shares of Timken in a research report on Friday, May 22nd. Finally, DA Davidson started coverage on shares of Timken in a research report on Tuesday, June 16th. They set a “neutral” rating and a $130.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $141.62.

Insider Buying and Selling

In related news, Director John M. Timken, Jr. sold 15,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $116.51, for a total transaction of $1,747,650.00. Following the sale, the director owned 264,744 shares of the company’s stock, valued at $30,845,323.44. This represents a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ajita G. Rajendra sold 8,450 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $131.34, for a total transaction of $1,109,823.00. Following the transaction, the director owned 20,225 shares of the company’s stock, valued at $2,656,351.50. This trade represents a 29.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 69,079 shares of company stock worth $8,296,144. Insiders own 8.10% of the company’s stock.

Timken Price Performance

Shares of Timken stock opened at $141.71 on Friday. The firm has a market cap of $9.85 billion, a PE ratio of 32.21, a PEG ratio of 1.70 and a beta of 1.21. The stock has a 50 day moving average of $120.12 and a 200 day moving average of $104.26. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.60. Timken Company has a 12 month low of $69.25 and a 12 month high of $143.56.

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, topping analysts’ consensus estimates of $1.50 by $0.17. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. Timken had a return on equity of 11.84% and a net margin of 6.60%.The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. On average, research analysts expect that Timken Company will post 6.14 EPS for the current fiscal year.

Timken Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were given a $0.36 dividend. This is a boost from Timken’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, May 19th. Timken’s dividend payout ratio (DPR) is presently 32.73%.

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.