5,575 Shares in Timken Company (The) $TKR Acquired by New England Research & Management Inc.

New England Research & Management Inc. acquired a new position in Timken Company (The) (NYSE:TKR) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 5,575 shares of the industrial products company’s stock, valued at approximately $651,000.

A number of other hedge funds have also bought and sold shares of TKR. TD Waterhouse Canada Inc. lifted its holdings in Timken by 79.8% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 320,882 shares of the industrial products company’s stock worth $38,243,000 after purchasing an additional 142,376 shares in the last quarter. Pension & Wealth Management Advisors Inc. purchased a new position in Timken during the 3rd quarter valued at about $73,000. NorthCrest Asset Manangement LLC grew its holdings in Timken by 88.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,933 shares of the industrial products company’s stock valued at $335,000 after buying an additional 1,376 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Timken by 13.4% during the third quarter. GAMMA Investing LLC now owns 1,890 shares of the industrial products company’s stock valued at $221,000 after buying an additional 224 shares during the period. Finally, Whalen Wealth Management Inc. bought a new stake in shares of Timken during the third quarter valued at about $325,000. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Timken Price Performance

Shares of NYSE:TKR traded down $0.63 on Friday, hitting $112.38. The company’s stock had a trading volume of 618,769 shares, compared to its average volume of 929,534. The company has a market capitalization of $7.79 billion, a PE ratio of 30.45, a PEG ratio of 1.25 and a beta of 1.18. 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 company has a 50-day simple moving average of $120.45 and a 200 day simple moving average of $123.61. Timken Company has a 1 year low of $72.71 and a 1 year high of $146.37.

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

Timken Dividend Announcement

The business also recently announced 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. The ex-dividend date was Tuesday, August 18th. This represents a $1.44 annualized dividend and a yield of 1.3%. Timken’s payout ratio is presently 39.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Citigroup reduced their price objective on shares of Timken from $160.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 target price on shares of Timken in a report on Thursday, October 1st. Bank of America raised shares of Timken from a “neutral” rating to a “buy” rating and upped their target price for the stock from $129.00 to $135.00 in a report on Tuesday, September 1st. Finally, DA Davidson set a $130.00 target price on shares of Timken in a research note on Friday, August 14th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.

Insider Transactions at Timken

In other Timken news, Director Richard Kyle sold 13,637 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director owned 183,724 shares of the company’s stock, valued at $23,264,970.12. The trade was a 6.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.10% of the stock is currently owned by insiders.

Timken Profile

Timken (NYSE: TKR) is an engineered bearings and industrial motion products company. Its offerings include tapered, spherical, cylindrical, needle and precision bearings, as well as seals and lubrication systems designed to reduce friction, manage loads and support the performance of mechanical equipment.

Through its Industrial Motion business, Timken also provides products such as mechanical power transmission components, chains, belts, couplings, linear motion systems and gear drives.