Public Employees Retirement System of Ohio Buys Shares of 19,933 Timken Company (The) $TKR

Public Employees Retirement System of Ohio bought a new position in Timken Company (The) (NYSE:TKR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,933 shares of the industrial products company’s stock, valued at approximately $2,897,000.

A number of other institutional investors have also modified their holdings of TKR. Royal Bank of Canada raised its stake in shares of Timken by 44.2% during the 1st quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock worth $6,508,000 after acquiring an additional 27,750 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Timken by 147.0% in the first quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock valued at $25,569,000 after acquiring an additional 211,718 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Timken by 7.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,872 shares of the industrial products company’s stock valued at $16,305,000 after acquiring an additional 16,000 shares in the last quarter. Prudential Financial Inc. grew its holdings in Timken by 18.7% in the second quarter. Prudential Financial Inc. now owns 6,815 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 1,075 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Timken by 241.7% during the second quarter. Invesco Ltd. now owns 604,879 shares of the industrial products company’s stock worth $43,884,000 after purchasing an additional 427,879 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Timken news, Director Richard Kyle sold 13,637 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $126.63, for a total value of $1,726,853.31. Following the sale, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.10% of the company’s stock.

Timken Price Performance

Shares of NYSE TKR opened at $123.21 on Friday. Timken Company has a 52 week low of $70.57 and a 52 week high of $146.37. The business’s 50 day moving average price is $133.05 and its 200 day moving average price is $120.67. 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 $8.54 billion, a P/E ratio of 33.39, a P/E/G ratio of 1.34 and a beta of 1.21.

Timken (NYSE:TKR) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 EPS 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 analysts’ expectations 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 previous year, the business posted $1.12 EPS. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, sell-side analysts expect that Timken Company will post 6.26 earnings per share for the current year.

Timken Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors 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 dividend on an annualized basis and a yield of 1.2%. Timken’s payout ratio is currently 39.02%.

Analyst Upgrades and Downgrades

TKR has been the subject of a number of recent analyst reports. Oppenheimer set a $135.00 price objective on Timken in a research report on Tuesday. Jefferies Financial Group set a $135.00 price target on Timken in a research note on Tuesday. Evercore restated an “outperform” rating and set a $158.00 price target on shares of Timken in a research note on Monday, May 11th. Citigroup upped their price objective on shares of Timken from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, Morgan Stanley set a $140.00 price objective on shares of Timken in a research report on Thursday, May 21st. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.50.

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.