Man Group plc Purchases New Position in Timken Company (The) $TKR

Man Group plc purchased a new stake in Timken Company (The) (NYSE:TKR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 103,854 shares of the industrial products company’s stock, valued at approximately $15,092,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TKR. Fifth Third Wealth Advisors LLC lifted its stake in shares of Timken by 4.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,537 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 104 shares during the period. Parallel Advisors LLC raised its position in shares of Timken by 4.1% in the first quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 116 shares during the period. Parvin Asset Management LLC boosted its stake in shares of Timken by 16.5% during the 1st quarter. Parvin Asset Management LLC now owns 920 shares of the industrial products company’s stock worth $93,000 after acquiring an additional 130 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Timken by 3.2% during the 3rd quarter. Quadrant Capital Group LLC now owns 4,319 shares of the industrial products company’s stock worth $325,000 after acquiring an additional 132 shares in the last quarter. Finally, Hilltop Holdings Inc. grew its position in shares of Timken by 3.7% during the 3rd quarter. Hilltop Holdings Inc. now owns 3,997 shares of the industrial products company’s stock valued at $300,000 after acquiring an additional 142 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

Insider Activity

In other Timken news, Director Richard G. Kyle sold 13,637 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $126.63, for a total value of $1,726,853.31. Following the completion of the sale, the director owned 183,724 shares in the company, valued at approximately $23,264,970.12. This represents a 6.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ajita G. Rajendra sold 8,450 shares of the firm’s 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 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 SEC filing for this sale provides additional information. Company insiders own 8.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TKR. Oppenheimer upped their price target on Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. KeyCorp boosted their price objective on Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Evercore reaffirmed an “outperform” rating and set a $158.00 target price on shares of Timken in a research note on Monday, May 11th. Citigroup increased their target price on Timken from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings raised shares of Timken from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 20th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Timken currently has a consensus rating of “Moderate Buy” and an average target price of $150.00.

Timken Stock Performance

NYSE TKR opened at $124.41 on Friday. The company has a market cap of $8.62 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21. The stock’s 50 day simple moving average is $135.44 and its 200-day simple moving average is $120.23. Timken Company has a 1-year low of $70.57 and a 1-year high of $146.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.10 and a quick ratio of 1.74.

Timken (NYSE:TKR) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the business earned $1.12 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, equities research analysts anticipate that Timken Company will post 6.25 EPS for the current fiscal year.

Timken Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, August 18th. Timken’s dividend payout ratio is 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.