VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Timken Company (The) $TKR

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Timken Company (The) (NYSE:TKR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 26,350 shares of the industrial products company’s stock, valued at approximately $3,829,000.

A number of other hedge funds have also recently made changes to their positions in TKR. Allworth Financial LP bought a new stake in Timken during the second quarter valued at $37,000. Elevation Wealth Partners LLC increased its stake in Timken by 420.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 210 shares during the last quarter. Trust Co. of Vermont bought a new position in Timken in the 2nd quarter worth about $41,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Timken in the 4th quarter valued at about $25,000. Finally, Clearstead Advisors LLC boosted its position in shares of 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 acquiring an additional 172 shares during the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Timken Stock Down 3.8%

Shares of NYSE TKR opened at $119.19 on Thursday. Timken Company has a one year low of $70.57 and a one year high of $146.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.10 and a quick ratio of 1.74. The firm’s 50 day simple moving average is $131.77 and its two-hundred day simple moving average is $121.09. The stock has a market capitalization of $8.26 billion, a P/E ratio of 32.30, a PEG ratio of 1.37 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.21. Timken had a net margin of 5.43% and a return on equity of 12.63%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business 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. As a group, analysts expect that Timken Company will post 6.26 EPS for the current fiscal year.

Timken Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Morgan Stanley set a $140.00 price objective on shares of Timken in a research report on Thursday, May 21st. Jefferies Financial Group set a $135.00 price target on shares of Timken in a research note on Tuesday, September 1st. KeyCorp raised 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. The Goldman Sachs Group lifted their price objective on shares of Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Finally, Citigroup upped their target price on shares of Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.50.

Insider Activity

In other news, Director Richard Kyle sold 13,637 shares of the business’s 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 sale, the director owned 183,724 shares of the company’s stock, valued at approximately $23,264,970.12. The trade was a 6.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 8.10% of the company’s stock.

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.