Brasada Capital Management LP Invests $712,000 in Timken Company (The) $TKR

Brasada Capital Management LP acquired a new stake in Timken Company (The) (NYSE:TKR) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,900 shares of the industrial products company’s stock, valued at approximately $712,000.

A number of other institutional investors also recently modified their holdings of the business. Gordian Capital Singapore Pte Ltd bought a new stake in Timken in the 4th quarter valued at about $25,000. Clearstead Advisors LLC boosted its stake 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 valued at $26,000 after buying an additional 172 shares during the period. Allworth Financial LP bought a new position in Timken during the 2nd quarter worth $37,000. Elevation Wealth Partners LLC lifted its position in shares of 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 acquiring an additional 210 shares during the period. Finally, Trust Co. of Vermont acquired a new stake in shares of Timken during the 2nd quarter worth $41,000. Institutional investors own 89.08% of the company’s stock.

Timken Price Performance

TKR stock opened at $124.41 on Friday. The company has a quick ratio of 1.74, a current ratio of 3.10 and a debt-to-equity ratio of 0.61. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 1.48 and a beta of 1.21. The company’s fifty day simple moving average is $135.44 and its 200 day simple moving average is $120.23. Timken Company has a 12-month low of $70.57 and a 12-month high of $146.37.

Timken (NYSE:TKR) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, topping 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 firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company posted $1.12 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, analysts expect that Timken Company will post 6.25 earnings per share for the current year.

Timken Announces Dividend

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

Insider Buying and Selling at Timken

In related 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 transaction of $1,109,823.00. Following the transaction, the director directly owned 20,225 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard G. Kyle sold 13,637 shares of Timken stock in a transaction on Monday, August 10th. The shares were 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 own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TKR. Morgan Stanley set a $140.00 target price on shares of Timken in a report on Thursday, May 21st. DA Davidson set a $130.00 price objective on shares of Timken in a research note on Friday, August 14th. KeyCorp boosted 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, July 13th. Weiss Ratings raised Timken from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 20th. Finally, The Goldman Sachs Group lifted their price target on shares of Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

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.