Principal Financial Group Inc. Sells 57,720 Shares of Timken Company (The) $TKR

Principal Financial Group Inc. lowered its stake in Timken Company (The) (NYSE:TKR) by 8.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 632,826 shares of the industrial products company’s stock after selling 57,720 shares during the quarter. Principal Financial Group Inc.’s holdings in Timken were worth $63,643,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Timken during the fourth quarter valued at about $25,000. Clearstead Advisors LLC lifted its position in shares of Timken by 130.3% in the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock worth $26,000 after buying an additional 172 shares in the last quarter. Eastern Bank bought a new position in Timken during the fourth quarter valued at approximately $27,000. V Square Quantitative Management LLC purchased a new position in Timken during the 4th quarter valued at approximately $31,000. Finally, Kestra Investment Management LLC purchased a new position in Timken during the 2nd quarter valued at approximately $42,000. Institutional investors own 89.08% of the company’s stock.

Timken Trading Down 1.4%

Shares of TKR stock opened at $137.49 on Friday. 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 0.60, a current ratio of 2.88 and a quick ratio of 1.55. The stock’s 50 day simple moving average is $132.10 and its two-hundred day simple moving average is $111.78. The company has a market cap of $9.56 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 1.67 and a beta of 1.20.

Timken (NYSE:TKR) last announced its 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 firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Timken had a return on equity of 11.84% and a net margin of 6.60%.The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Research analysts predict 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. Investors of record on Tuesday, May 19th were given 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 was Tuesday, May 19th. Timken’s dividend payout ratio is 32.73%.

Insiders Place Their Bets

In other news, 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 owned 20,225 shares of the company’s stock, valued at approximately $2,656,351.50. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 stock was 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 SEC filing for this sale provides additional information. Insiders sold 69,079 shares of company stock valued at $8,296,144 over the last three months. 8.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TKR has been the topic of several recent research reports. Evercore reaffirmed an “outperform” rating and set a $158.00 price objective on shares of Timken in a report on Monday, May 11th. JPMorgan Chase & Co. raised their target price on shares of Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday. Morgan Stanley set a $140.00 price target on shares of Timken in a research report on Thursday, May 21st. Oppenheimer upped 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. Finally, KeyCorp increased their price objective on shares of Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Timken currently has an average rating of “Moderate Buy” and a consensus target price of $149.62.

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.