SG Americas Securities LLC Purchases 57,129 Shares of Timken Company (The) $TKR

SG Americas Securities LLC raised its holdings in shares of Timken Company (The) (NYSE:TKR) by 74.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 133,727 shares of the industrial products company’s stock after acquiring an additional 57,129 shares during the quarter. SG Americas Securities LLC’s holdings in Timken were worth $13,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of TKR. Diversified Trust Co purchased a new stake in shares of Timken during the 1st quarter valued at approximately $1,377,000. Peregrine Investment Management Inc. purchased a new position in Timken in the 1st quarter valued at approximately $7,040,000. Corient Private Wealth LLC raised its holdings in Timken by 112.6% during the 4th quarter. Corient Private Wealth LLC now owns 18,002 shares of the industrial products company’s stock valued at $1,522,000 after acquiring an additional 9,534 shares during the period. Redwood Family Wealth LLC bought a new stake in Timken during the 4th quarter valued at $210,000. Finally, DGS Capital Management LLC purchased a new stake in shares of Timken during the fourth quarter worth $207,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Wall Street Analysts Forecast Growth

TKR has been the subject of a number of analyst reports. Wall Street Zen raised Timken from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Citigroup boosted their price objective on Timken from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Morgan Stanley set a $140.00 price objective on Timken in a report on Thursday, May 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a report on Monday, April 20th. Finally, DA Davidson began coverage on Timken in a research report on Tuesday, June 16th. They set a “neutral” rating and a $130.00 price target on the stock. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $141.62.

Insider Buying and Selling at Timken

In other news, Director Ajita G. Rajendra sold 8,450 shares of the 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 in the company, valued at approximately $2,656,351.50. This represents a 29.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John M. Timken, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $116.51, for a total value of $1,747,650.00. Following the transaction, the director directly owned 264,744 shares in the company, valued at approximately $30,845,323.44. This represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 69,079 shares of company stock worth $8,296,144 over the last 90 days. Corporate insiders own 8.10% of the company’s stock.

Timken Trading Down 1.9%

Shares of TKR opened at $141.22 on Friday. Timken Company has a 1-year low of $70.57 and a 1-year high of $145.61. The company has a market capitalization of $9.81 billion, a P/E ratio of 32.10, a P/E/G ratio of 1.72 and a beta of 1.21. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.88 and a quick ratio of 1.55. The firm’s 50 day simple moving average is $123.56 and its 200 day simple moving average is $106.32.

Timken (NYSE:TKR) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Timken had a net margin of 6.60% and a return on equity of 11.84%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Sell-side analysts forecast that Timken Company will post 6.14 earnings per share for the current fiscal year.

Timken Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were paid a $0.36 dividend. This is a boost 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%. The ex-dividend date of this dividend was Tuesday, May 19th. Timken’s payout ratio is currently 32.73%.

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.