Commerce Bank Makes New $734,000 Investment in Timken Company (The) $TKR

Commerce Bank bought a new stake in shares of Timken Company (The) (NYSE:TKR) in the 2nd quarter, Holdings Channel reports. The firm bought 5,050 shares of the industrial products company’s stock, valued at approximately $734,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Pinnbrook Capital Management LP bought a new stake in shares of Timken during the 2nd quarter worth approximately $16,494,000. Northwestern Mutual Wealth Management Co. bought a new position in Timken in the 2nd quarter valued at $162,000. Evolve Private Wealth LLC bought a new position in Timken in the 2nd quarter valued at $535,000. William Blair Investment Management LLC purchased a new stake in Timken in the second quarter worth $138,757,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Timken during the second quarter worth $1,003,000. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Timken

In other Timken news, Director Richard G. Kyle sold 13,637 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the sale, the director owned 183,724 shares of the company’s stock, valued at approximately $23,264,970.12. This trade represents a 6.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $1,109,823.00. Following the sale, 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 position. The SEC filing for this sale provides additional information. Company insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TKR. Oppenheimer boosted 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. DA Davidson set a $130.00 price objective on shares of Timken in a report on Friday, August 14th. The Goldman Sachs Group boosted their price objective 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. Morgan Stanley set a $140.00 target price on shares of Timken in a research note on Thursday, May 21st. Finally, Citigroup raised their target price on shares of Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Six investment 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.00.

Timken Price Performance

TKR opened at $126.04 on Thursday. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 34.16, a PEG ratio of 1.44 and a beta of 1.21. The company has a current ratio of 3.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61. Timken Company has a 12-month low of $70.57 and a 12-month high of $146.37. The business’s fifty day simple moving average is $135.79 and its 200-day simple moving average is $120.10.

Timken (NYSE:TKR) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.21. Timken had a net margin of 5.43% and a return on equity of 12.63%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm earned $1.12 earnings per share. The firm’s revenue for the quarter 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 research analysts anticipate that Timken Company will post 6.25 earnings per share for the current fiscal year.

Timken Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. Timken’s dividend payout ratio (DPR) is currently 39.02%.

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.