Timken Company (The) $TKR Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lowered its position in shares of Timken Company (The) (NYSE:TKR) by 13.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 147,483 shares of the industrial products company’s stock after selling 23,893 shares during the period. Wedge Capital Management L L P NC owned 0.21% of Timken worth $21,432,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TKR. Dimensional Fund Advisors LP grew its position in Timken by 8.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock worth $290,320,000 after purchasing an additional 214,845 shares during the last quarter. UBS Group AG raised its holdings in shares of Timken by 734.7% during the third quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock valued at $171,880,000 after buying an additional 2,012,352 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Timken by 15.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,843,042 shares of the industrial products company’s stock worth $155,055,000 after buying an additional 247,000 shares in the last quarter. Invesco Ltd. increased its position in Timken by 1.0% in the 4th quarter. Invesco Ltd. now owns 1,371,613 shares of the industrial products company’s stock valued at $115,394,000 after acquiring an additional 13,459 shares during the period. Finally, Brown Advisory Inc. raised its stake in Timken by 5.6% during the 4th quarter. Brown Advisory Inc. now owns 1,273,668 shares of the industrial products company’s stock valued at $107,154,000 after acquiring an additional 67,573 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors.

Timken Stock Up 1.6%

TKR opened at $128.57 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10. The company has a market capitalization of $8.91 billion, a PE ratio of 34.84, a P/E/G ratio of 1.49 and a beta of 1.21. The stock’s fifty day moving average is $137.61 and its 200-day moving average is $117.60. Timken Company has a one year low of $70.57 and a one year high of $146.37.

Timken (NYSE:TKR) last released its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company earned $1.12 earnings per share. Timken’s 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. On average, equities analysts predict that Timken Company will post 6.23 EPS for the current fiscal year.

Timken Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Tuesday, August 18th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, August 18th. Timken’s payout ratio is presently 39.02%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. KeyCorp boosted their price target on Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Citigroup lifted their price objective on shares of Timken from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. DA Davidson started coverage on shares of Timken in a report on Tuesday, June 16th. They issued a “neutral” rating and a $130.00 price objective for the company. Evercore reiterated an “outperform” rating and issued a $158.00 target price on shares of Timken in a research report on Monday, May 11th. Finally, Oppenheimer raised their target price on shares of Timken from $147.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $150.00.

Insider Activity at Timken

In related news, 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 transaction of $1,726,853.31. Following the completion of the sale, the director directly owned 183,724 shares of the company’s stock, valued at $23,264,970.12. This represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ajita G. Rajendra sold 8,450 shares of Timken stock in a transaction that occurred on 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 owned 20,225 shares in the company, valued at approximately $2,656,351.50. This trade represents a 29.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 30,535 shares of company stock valued at $3,912,529. Company insiders own 8.10% of the company’s stock.

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.