Canada Pension Plan Investment Board Takes $13.78 Million Position in Timken Company (The) $TKR

Canada Pension Plan Investment Board acquired a new position in Timken Company (The) (NYSE:TKR) during the 2nd quarter, Holdings Channel reports. The firm acquired 94,800 shares of the industrial products company’s stock, valued at approximately $13,776,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Timken during the second quarter valued at approximately $869,997,000. Dimensional Fund Advisors LP raised its position in Timken by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock worth $290,320,000 after acquiring an additional 214,845 shares during the period. UBS Group AG raised its position in Timken by 734.7% in the third quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after acquiring an additional 2,012,352 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Timken by 15.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,843,042 shares of the industrial products company’s stock worth $155,055,000 after acquiring an additional 247,000 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Timken by 1.0% during the 4th quarter. Invesco Ltd. now owns 1,371,613 shares of the industrial products company’s stock worth $115,394,000 after acquiring an additional 13,459 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Insider Activity at Timken

In other news, Director Ajita G. Rajendra sold 8,450 shares of the business’s 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 transaction, the director owned 20,225 shares of the company’s stock, valued at approximately $2,656,351.50. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard G. Kyle sold 13,637 shares of the business’s 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 transaction, the director directly owned 183,724 shares in the company, valued at $23,264,970.12. This trade represents a 6.91% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 8.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TKR. The Goldman Sachs Group boosted their price objective on shares of Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. KeyCorp lifted their target price on Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Evercore reissued an “outperform” rating and set a $158.00 price target on shares of Timken in a report on Monday, May 11th. Weiss Ratings upgraded Timken from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 20th. Finally, Citigroup lifted their price objective on Timken from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $150.00.

Timken Price Performance

Shares of Timken stock opened at $121.05 on Friday. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 1.46 and a beta of 1.21. 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 stock’s 50-day simple moving average is $135.03 and its 200-day simple moving average is $120.23. Timken Company has a 52 week low of $70.57 and a 52 week high of $146.37.

Timken (NYSE:TKR) last released its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) 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 analysts’ expectations of $1.23 billion. During the same quarter last year, the business posted $1.12 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, analysts expect that Timken Company will post 6.25 earnings per share for the current fiscal year.

Timken Announces Dividend

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

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.