California Public Employees Retirement System Acquires 16,735 Shares of Timken Company (The) $TKR

California Public Employees Retirement System increased its holdings in Timken Company (The) (NYSE:TKR) by 13.3% in the first quarter, Holdings Channel.com reports. The firm owned 142,285 shares of the industrial products company’s stock after acquiring an additional 16,735 shares during the period. California Public Employees Retirement System’s holdings in Timken were worth $14,310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS Group AG increased its stake in Timken by 734.7% in the 3rd 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 period. 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. Norges Bank bought a new position in shares of Timken during the fourth quarter valued at about $47,644,000. Alyeska Investment Group L.P. purchased a new stake in shares of Timken during the fourth quarter worth about $44,421,000. Finally, Balyasny Asset Management L.P. grew its stake 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 worth $61,865,000 after purchasing an additional 515,948 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TKR shares. Oppenheimer boosted their target price on Timken from $147.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday. The Goldman Sachs Group boosted their price target on shares of Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. JPMorgan Chase & Co. increased their price target on shares of Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a report on Friday, July 17th. Finally, DA Davidson initiated 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 investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $150.00.

Timken Trading Up 0.3%

Timken stock opened at $141.30 on Friday. The business has a 50-day simple moving average of $134.80 and a two-hundred day simple moving average of $113.86. Timken Company has a 52-week low of $70.57 and a 52-week high of $146.37. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 0.60. The company has a market cap of $9.82 billion, a P/E ratio of 32.11, a P/E/G ratio of 1.68 and a beta of 1.20.

Timken (NYSE:TKR) last posted 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 company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. Timken had a net margin of 6.60% and a return on equity of 11.84%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.40 earnings per share. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Analysts predict 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. Shareholders of record on Tuesday, May 19th were given a $0.36 dividend. The ex-dividend date was Tuesday, May 19th. This is a positive change from Timken’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. Timken’s dividend payout ratio (DPR) is currently 32.73%.

Insider Transactions at Timken

In other news, Director Ajita G. Rajendra sold 8,450 shares of Timken 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 transaction, the director directly owned 20,225 shares of the company’s stock, valued at $2,656,351.50. The trade was a 29.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John M. Timken, Jr. sold 15,000 shares of the stock in a transaction 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 sale, the director owned 264,744 shares of the company’s stock, valued at $30,845,323.44. The trade was a 5.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 69,079 shares of company stock valued at $8,296,144 over the last quarter. 8.10% of the stock is currently owned by company insiders.

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.