Illinois Municipal Retirement Fund Makes New Investment in Timken Company (The) $TKR

Illinois Municipal Retirement Fund bought a new position in shares of Timken Company (The) (NYSE:TKR) during the first quarter, HoldingsChannel reports. The institutional investor bought 10,715 shares of the industrial products company’s stock, valued at approximately $1,078,000.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on TKR shares. Morgan Stanley set a $140.00 price target on Timken in a research note on Thursday, May 21st. DA Davidson assumed coverage on shares of Timken in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $130.00 price objective for the company. Evercore reiterated an “outperform” rating and set a $158.00 target price on shares of Timken in a report on Monday, May 11th. KeyCorp raised their target price on shares of Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Finally, Oppenheimer boosted their price target on shares of Timken from $147.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $150.00.

Timken Trading Up 1.8%

Shares of NYSE:TKR opened at $141.63 on Thursday. The company has a market capitalization of $9.84 billion, a PE ratio of 32.19, a P/E/G ratio of 1.66 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 12-month low of $70.57 and a 12-month high of $146.37. The business’s fifty day simple moving average is $133.79 and its 200-day simple moving average is $113.28.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. Timken had a return on equity of 11.84% and a net margin of 6.60%.The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the business posted $1.40 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, equities research analysts predict that Timken Company will post 6.16 earnings per share for the current fiscal year.

Timken Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were issued a $0.36 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Timken’s previous quarterly dividend of $0.35. Timken’s dividend payout ratio (DPR) is 32.73%.

Insider Activity

In other news, Director Ajita G. Rajendra sold 8,450 shares of Timken stock in a transaction that occurred 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 transaction, the director owned 20,225 shares of the company’s stock, valued at $2,656,351.50. The trade was a 29.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard G. Kyle sold 8,448 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $127.35, for a total transaction of $1,075,852.80. Following the transaction, the director owned 197,361 shares of the company’s stock, valued at approximately $25,133,923.35. This trade represents a 4.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 69,079 shares of company stock worth $8,296,144. Corporate insiders own 8.10% of the company’s stock.

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.