747,946 Shares in Timken Company (The) $TKR Bought by Nykredit A S

Key Points

• Nykredit A S acquired 747,946 Timken shares worth approximately $108.7 million, giving it a 1.08% stake. Institutional investors collectively own 89.08% of the company.
• Analysts maintain a generally positive outlook, with seven Buy ratings and three Holds. Timken has a consensus “Moderate Buy” rating and an average price target of $145.50.
• Timken exceeded quarterly expectations, reporting $1.83 in EPS versus the $1.62 consensus and revenue of $1.26 billion, up 7.5% year over year. The company also pays a quarterly dividend of $0.36 per share, yielding about 1.2%.

Nykredit A S bought a new position in shares of Timken Company (The) (NYSE:TKR - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 747,946 shares of the industrial products company's stock, valued at approximately $108,692,000. Nykredit A S owned approximately 1.08% of Timken at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Moore Capital Management LP bought a new stake in Timken in the 2nd quarter valued at approximately $6,874,000. Cookson Peirce & Co. Inc. grew its position in shares of Timken by 4.2% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 16,085 shares of the industrial products company's stock valued at $2,337,000 after acquiring an additional 644 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Timken by 55.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,112 shares of the industrial products company's stock worth $162,000 after purchasing an additional 397 shares during the period. Sheets Smith Wealth Management increased its holdings in shares of Timken by 2.2% during the 2nd quarter. Sheets Smith Wealth Management now owns 6,079 shares of the industrial products company's stock worth $883,000 after acquiring an additional 128 shares during the last quarter. Finally, Greenleaf Trust acquired a new position in shares of Timken in the second quarter valued at $226,000. Institutional investors and hedge funds own 89.08% of the company's stock.

Insider Buying and Selling

In other Timken news, Director Richard G. 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 transaction of $1,726,853.31. Following the sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ajita G. Rajendra sold 8,450 shares of the 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 transaction, the director owned 20,225 shares in the company, valued at $2,656,351.50. The trade was a 29.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 8.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. KeyCorp upped their price target on shares of Timken from $140.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday, July 13th. Evercore reissued an "outperform" rating and set a $158.00 price target on shares of Timken in a report on Monday, May 11th. Jefferies Financial Group set a $135.00 price objective on shares of Timken in a report on Tuesday. Citigroup increased their target price on Timken from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Finally, 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 research report on Friday, July 10th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Timken currently has a consensus rating of "Moderate Buy" and an average target price of $145.50.

Timken Stock Up 1.0%

Shares of NYSE:TKR opened at $120.29 on Thursday. The company has a fifty day moving average of $133.87 and a 200-day moving average of $120.55. The company has a market capitalization of $8.34 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10. Timken Company has a 52-week low of $70.57 and a 52-week high of $146.37.

Timken (NYSE:TKR - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.23 billion. During the same quarter last year, the firm earned $1.12 earnings per share. The company's revenue for the quarter was up 7.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, equities analysts predict that Timken Company will post 6.26 EPS for the current fiscal year.

Timken Dividend Announcement

The business 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. This represents a $1.44 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, August 18th. Timken's dividend payout ratio (DPR) is currently 39.02%.

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.

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