Granite Investment Partners LLC Decreases Stock Position in Timken Company (The) $TKR

Granite Investment Partners LLC reduced its position in Timken Company (The) (NYSE:TKR) by 77.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,350 shares of the industrial products company’s stock after selling 18,532 shares during the period. Granite Investment Partners LLC’s holdings in Timken were worth $402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of Timken by 44.2% during the 1st quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock worth $6,508,000 after acquiring an additional 27,750 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Timken by 147.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock worth $25,569,000 after buying an additional 211,718 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Timken by 7.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,872 shares of the industrial products company’s stock valued at $16,305,000 after buying an additional 16,000 shares in the last quarter. CWM LLC raised its position in shares of Timken by 31.4% during the 2nd quarter. CWM LLC now owns 527 shares of the industrial products company’s stock valued at $38,000 after buying an additional 126 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Timken by 12.5% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 27,174 shares of the industrial products company’s stock valued at $1,971,000 after acquiring an additional 3,020 shares during the last quarter. 89.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on TKR. Morgan Stanley raised their price objective on Timken from $105.00 to $116.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of Timken from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup increased their price objective on shares of Timken from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Timken from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $93.78.

Timken Stock Down 0.5%

Shares of TKR stock opened at $107.66 on Tuesday. The stock’s fifty day moving average price is $94.55 and its 200 day moving average price is $83.68. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.82 and a quick ratio of 1.47. Timken Company has a 1-year low of $56.20 and a 1-year high of $111.39. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 1.59 and a beta of 1.21.

Timken (NYSE:TKR) last issued its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. Timken had a return on equity of 11.52% and a net margin of 6.29%.The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company earned $1.16 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. On average, research analysts expect that Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Tuesday, February 24th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, February 24th. Timken’s payout ratio is currently 34.06%.

Insider Transactions at Timken

In other Timken news, Director Richard G. Kyle sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $106.72, for a total value of $1,067,200.00. Following the completion of the transaction, the director owned 263,272 shares of the company’s stock, valued at approximately $28,096,387.84. This trade represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.37% 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.