Keybank National Association OH Reduces Stock Position in Timken Company (The) $TKR

Keybank National Association OH lessened its stake in Timken Company (The) (NYSE:TKR) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 824,891 shares of the industrial products company’s stock after selling 32,344 shares during the quarter. Keybank National Association OH’s holdings in Timken were worth $82,959,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS Group AG grew its holdings in Timken by 734.7% in the 3rd 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 in the last quarter. Invesco Ltd. raised its holdings in shares of Timken by 124.5% during the 3rd quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company’s stock worth $102,106,000 after acquiring an additional 753,275 shares during the period. Norges Bank purchased a new position in shares of Timken during the 4th quarter worth $47,644,000. Alyeska Investment Group L.P. acquired a new position in shares of Timken during the 4th quarter valued at about $44,421,000. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Timken by 235.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 735,354 shares of the industrial products company’s stock valued at $61,865,000 after purchasing an additional 515,948 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Stock Performance

NYSE TKR opened at $139.37 on Friday. The stock has a market cap of $9.69 billion, a PE ratio of 31.68, a P/E/G ratio of 1.70 and a beta of 1.20. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.60. Timken Company has a twelve month low of $70.57 and a twelve month high of $146.37. The stock has a fifty day simple moving average of $126.38 and a 200-day simple moving average of $108.05.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.17. Timken had a net margin of 6.60% and a return on equity of 11.84%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the firm earned $1.40 EPS. Timken’s revenue was up 8.0% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Equities analysts anticipate that Timken Company will post 6.14 earnings per share for the current year.

Timken Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were given a dividend of $0.36 per share. 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 dividend yield of 1.0%. The ex-dividend date was Tuesday, May 19th. Timken’s dividend payout ratio (DPR) is 32.73%.

Insider Activity

In related news, Director Ajita G. Rajendra sold 8,450 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were 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 of the company’s stock, valued at approximately $2,656,351.50. This trade represents a 29.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John M. Timken, Jr. sold 15,000 shares of Timken stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $116.51, for a total transaction of $1,747,650.00. Following the completion of the sale, the director owned 264,744 shares of the company’s stock, valued at $30,845,323.44. This trade represents a 5.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 69,079 shares of company stock valued at $8,296,144. Company insiders own 8.10% of the company’s stock.

Analyst Ratings Changes

TKR has been the subject of several recent analyst reports. Morgan Stanley set a $140.00 price objective on shares of Timken in a research report on Thursday, May 21st. KeyCorp boosted their target price on shares of Timken from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Oppenheimer increased their price target on shares of Timken from $137.00 to $147.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. raised shares of Timken from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $130.00 to $150.00 in a research report on Tuesday, May 26th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $141.62.

Timken Company 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.