Great Lakes Advisors LLC Takes Position in Timken Company (The) $TKR

Great Lakes Advisors LLC acquired a new stake in shares of Timken Company (The) (NYSE:TKR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,336 shares of the industrial products company’s stock, valued at approximately $630,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd purchased a new stake in Timken in the fourth quarter worth approximately $25,000. Clearstead Advisors LLC raised its stake in Timken by 130.3% during the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock valued at $26,000 after buying an additional 172 shares during the last quarter. Elevation Wealth Partners LLC raised its stake in Timken by 420.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company’s stock valued at $38,000 after buying an additional 210 shares during the last quarter. Trust Co. of Vermont bought a new position in shares of Timken during the 2nd quarter valued at $41,000. Finally, Kestra Investment Management LLC bought a new position in shares of Timken during the 2nd quarter valued at $42,000. Institutional investors own 89.08% of the company’s stock.

Insider Activity at Timken

In other Timken news, Director Ajita G. Rajendra sold 8,450 shares of the company’s 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 completion of the transaction, the director directly owned 20,225 shares in the company, valued at $2,656,351.50. This represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard G. Kyle sold 13,637 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the completion of the sale, the director directly owned 183,724 shares of the company’s stock, valued at approximately $23,264,970.12. This trade represents a 6.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,535 shares of company stock valued at $3,912,529 over the last three months. 8.10% of the stock is currently owned by insiders.

Timken Price Performance

Shares of Timken stock opened at $125.07 on Friday. The stock has a market cap of $8.67 billion, a P/E ratio of 33.89, a P/E/G ratio of 1.47 and a beta of 1.21. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10. The stock’s fifty day moving average is $136.75 and its 200 day moving average is $119.40. Timken Company has a one year low of $70.57 and a one year high of $146.37.

Timken (NYSE:TKR) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.21. Timken had a return on equity of 12.63% and a net margin of 5.43%.The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. Timken’s revenue for the quarter was up 7.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Sell-side analysts anticipate that Timken Company will post 6.26 earnings per share for the current year.

Timken Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Tuesday, August 18th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.2%. Timken’s payout ratio is 39.02%.

Analyst Ratings Changes

Several analysts recently commented on TKR shares. Weiss Ratings raised Timken from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. JPMorgan Chase & Co. increased their target price on Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. KeyCorp raised their target price on Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Citigroup upped their price target on shares of Timken from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Morgan Stanley set a $140.00 price objective on shares of Timken in a research note on Thursday, May 21st. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

About Timken

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.