GHP Investment Advisors Inc. Buys 4,031 Shares of Timken Company (The) $TKR

GHP Investment Advisors Inc. raised its position in Timken Company (The) (NYSE:TKR) by 20.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,941 shares of the industrial products company’s stock after acquiring an additional 4,031 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Timken were worth $2,408,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. UBS Group AG increased its holdings in shares of 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. Invesco Ltd. lifted its holdings in Timken by 124.5% during the 3rd quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company’s stock valued at $102,106,000 after purchasing an additional 753,275 shares during the last quarter. Norges Bank bought a new position in Timken during the fourth quarter worth $47,644,000. Alyeska Investment Group L.P. acquired a new position in shares of Timken in the fourth quarter valued at $44,421,000. Finally, Balyasny Asset Management L.P. increased its holdings in shares of Timken by 235.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 735,354 shares of the industrial products company’s stock valued at $61,865,000 after purchasing an additional 515,948 shares during the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Richard G. Kyle sold 8,448 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $127.35, for a total transaction of $1,075,852.80. Following the completion of the transaction, the director directly owned 197,361 shares of the company’s stock, valued at $25,133,923.35. This trade represents a 4.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John M. Timken, Jr. sold 15,000 shares of Timken stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $116.51, for a total value of $1,747,650.00. Following the completion of the transaction, the director directly owned 264,744 shares in the company, valued at approximately $30,845,323.44. This represents a 5.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 69,079 shares of company stock worth $8,296,144 in the last ninety days. Company insiders own 8.10% of the company’s stock.

Timken Stock Performance

NYSE TKR opened at $141.22 on Friday. Timken Company has a 1 year low of $70.57 and a 1 year high of $145.61. The firm’s 50 day simple moving average is $123.56 and its 200 day simple moving average is $106.32. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $9.81 billion, a price-to-earnings ratio of 32.10, a P/E/G ratio of 1.72 and a beta of 1.21.

Timken (NYSE:TKR) last announced its quarterly earnings data 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. The business had revenue of $1.23 billion during 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%.Timken’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, research analysts expect that Timken Company will post 6.14 earnings per share for the current fiscal year.

Timken Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors 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 was Tuesday, May 19th. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. Timken’s dividend payout ratio (DPR) is 32.73%.

Wall Street Analysts Forecast Growth

TKR has been the subject of several research analyst reports. The Goldman Sachs Group set a $128.00 target price on shares of Timken in a report on Friday, May 22nd. JPMorgan Chase & Co. upgraded Timken from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $130.00 to $150.00 in a research note on Tuesday, May 26th. Morgan Stanley set a $140.00 price target on Timken in a report on Thursday, May 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a report on Monday, April 20th. Finally, DA Davidson began coverage on Timken in a research report on Tuesday, June 16th. They set a “neutral” rating and a $130.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Timken presently has a consensus rating of “Moderate Buy” and an average price target of $141.62.

Timken 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.