Sanctuary Advisors LLC Invests $1.77 Million in Timken Company (The) $TKR

Sanctuary Advisors LLC purchased a new position in shares of Timken Company (The) (NYSE:TKR) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 12,175 shares of the industrial products company’s stock, valued at approximately $1,769,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TKR. Segall Bryant & Hamill LLC raised its holdings in shares of Timken by 29.9% during the first quarter. Segall Bryant & Hamill LLC now owns 451,516 shares of the industrial products company’s stock valued at $45,409,000 after acquiring an additional 103,904 shares during the last quarter. Peregrine Investment Management Inc. acquired a new stake in shares of Timken in the first quarter worth approximately $7,040,000. Wealth High Governance Capital Ltda purchased a new stake in shares of Timken during the fourth quarter worth approximately $16,429,000. Regents Gate Capital LLP acquired a new position in Timken in the 4th quarter valued at $9,126,000. Finally, Y Intercept Hong Kong Ltd raised its stake in Timken by 247.3% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 51,195 shares of the industrial products company’s stock valued at $5,149,000 after purchasing an additional 36,455 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Richard G. Kyle sold 13,637 shares of the stock in a transaction that occurred on 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 directly owned 183,724 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Also, Director Ajita G. Rajendra sold 8,450 shares of the firm’s stock in a transaction 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 directly owned 20,225 shares of the company’s stock, valued at approximately $2,656,351.50. This trade represents a 29.47% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 8.10% of the company’s stock.

Timken Trading Up 3.0%

Shares of TKR stock opened at $126.04 on Thursday. The company has a current ratio of 3.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61. Timken Company has a twelve month low of $70.57 and a twelve month high of $146.37. The company’s 50-day moving average price is $135.79 and its 200-day moving average price is $120.10. The stock has a market cap of $8.73 billion, a price-to-earnings ratio of 34.16, a PEG ratio of 1.44 and a beta of 1.21.

Timken (NYSE:TKR) last released its quarterly earnings data 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. The firm 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%. Timken’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, equities analysts predict that Timken Company will post 6.25 earnings per share for the current year.

Timken Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Tuesday, August 18th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.44 dividend on an annualized basis and a yield of 1.1%. Timken’s dividend payout ratio is currently 39.02%.

Analysts Set New Price Targets

TKR has been the topic of several recent research reports. Evercore reaffirmed an “outperform” rating and set a $158.00 target price on shares of Timken in a research note on Monday, May 11th. 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 report on Thursday, August 20th. The Goldman Sachs Group upped their price objective on shares of Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Finally, KeyCorp increased their price objective on shares of Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Six 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.com, Timken presently 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.