Jupiter Topco LLC Purchases Shares of 28,919 Timken Company (The) $TKR

Jupiter Topco LLC acquired a new stake in shares of Timken Company (The) (NYSE:TKR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 28,919 shares of the industrial products company’s stock, valued at approximately $4,204,000.

Other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Timken in the second quarter valued at $869,997,000. Dimensional Fund Advisors LP increased its stake in Timken by 8.0% during 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 last quarter. UBS Group AG raised its holdings in shares of Timken by 734.7% in the 3rd quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after purchasing an additional 2,012,352 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Timken by 15.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,843,042 shares of the industrial products company’s stock valued at $155,055,000 after purchasing an additional 247,000 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Timken by 1.0% in the 4th quarter. Invesco Ltd. now owns 1,371,613 shares of the industrial products company’s stock valued at $115,394,000 after purchasing an additional 13,459 shares in the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Stock Down 1.2%

Shares of NYSE:TKR opened at $119.03 on Wednesday. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. The company has a 50 day moving average of $134.22 and a two-hundred day moving average of $120.46. Timken Company has a 52-week low of $70.57 and a 52-week high of $146.37. The company has a quick ratio of 1.74, a current ratio of 3.10 and a debt-to-equity ratio of 0.61.

Timken (NYSE:TKR) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.21. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, analysts forecast that Timken Company will post 6.25 earnings per share for the current fiscal year.

Timken Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, August 18th. Timken’s dividend payout ratio is presently 39.02%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Morgan Stanley set a $140.00 target price on shares of Timken in a research report on Thursday, May 21st. Weiss Ratings upgraded shares of Timken from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 20th. KeyCorp increased their price objective on shares of Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. DA Davidson set a $130.00 target price on shares of Timken in a report on Friday, August 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $145.50.

Insider Activity

In related news, Director Richard G. Kyle sold 13,637 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $126.63, for a total value of $1,726,853.31. Following the completion of the transaction, the director owned 183,724 shares of the company’s stock, valued at approximately $23,264,970.12. This represents a 6.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ajita G. Rajendra sold 8,450 shares of Timken stock in a transaction that occurred on Friday, June 5th. The stock was 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 in the company, valued at $2,656,351.50. This represents a 29.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 8.10% of the stock is owned by company insiders.

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.