18,400 Shares in Timken Company (The) $TKR Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in Timken Company (The) (NYSE:TKR) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,400 shares of the industrial products company’s stock, valued at approximately $1,850,000.

Other institutional investors have also added to or reduced their stakes in the company. UBS Group AG lifted its stake in Timken by 734.7% during the third quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after purchasing an additional 2,012,352 shares during the last quarter. Invesco Ltd. increased its stake in shares of Timken by 124.5% in 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 acquired a new position in shares of Timken during the 4th quarter worth $47,644,000. Alyeska Investment Group L.P. acquired a new position in shares of Timken during the 4th quarter worth $44,421,000. Finally, Balyasny Asset Management L.P. lifted its position in shares of Timken by 235.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 735,354 shares of the industrial products company’s stock worth $61,865,000 after buying an additional 515,948 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TKR has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research note on Monday, April 20th. Morgan Stanley set a $140.00 target price on shares of Timken in a report on Thursday, May 21st. KeyCorp raised their price target on shares of Timken from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Oppenheimer lifted their price target on shares of Timken from $137.00 to $147.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Finally, DA Davidson began coverage on shares of Timken in a research report on Tuesday, June 16th. They set a “neutral” rating and a $130.00 price objective for the company. Six 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 company has an average rating of “Moderate Buy” and an average price target of $141.62.

Insiders Place Their Bets

In other news, Director Ajita G. Rajendra sold 8,450 shares of the firm’s 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 transaction, the director directly owned 20,225 shares in the company, valued at $2,656,351.50. This trade represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard G. Kyle sold 37,181 shares of Timken stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $117.34, for a total value of $4,362,818.54. Following the completion of the transaction, the director directly owned 206,455 shares in the company, valued at approximately $24,225,429.70. This represents a 15.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 69,079 shares of company stock valued at $8,296,144. 8.10% of the stock is currently owned by company insiders.

Timken Trading Up 1.3%

Shares of NYSE TKR opened at $145.32 on Wednesday. The firm has a 50 day moving average price of $125.10 and a two-hundred day moving average price of $107.31. The stock has a market cap of $10.10 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. Timken Company has a 52-week low of $70.57 and a 52-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.

Timken (NYSE:TKR) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.17 billion. During the same quarter in the previous year, the business earned $1.40 earnings per share. Timken’s revenue was up 8.0% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, equities analysts forecast that Timken Company will post 6.14 EPS for the current year.

Timken Increases Dividend

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