Advisors Capital Management LLC Takes $10.39 Million Position in Timken Company (The) $TKR

Advisors Capital Management LLC acquired a new position in Timken Company (The) (NYSE:TKR - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 71,487 shares of the industrial products company's stock, valued at approximately $10,389,000. Advisors Capital Management LLC owned approximately 0.10% of Timken as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd purchased a new position in Timken in the fourth quarter valued at approximately $25,000. Clearstead Advisors LLC increased its holdings in Timken by 130.3% in the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company's stock worth $26,000 after acquiring an additional 172 shares during the last quarter. Elevation Wealth Partners LLC raised 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 valued at $38,000 after acquiring an additional 210 shares during the period. Trust Co. of Vermont bought a new stake in Timken in the 2nd quarter valued at about $41,000. Finally, Kestra Investment Management LLC purchased a new stake in Timken during the second quarter valued at about $42,000. Hedge funds and other institutional investors own 89.08% of the company's stock.

Insiders Place Their Bets

In other Timken news, 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 completion of the sale, the director owned 20,225 shares in the company, valued at approximately $2,656,351.50. This trade represents a 29.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard G. Kyle sold 13,637 shares of the company's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $126.63, for a total transaction 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. This trade represents a 6.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 30,535 shares of company stock worth $3,912,529. Insiders own 8.10% of the company's stock.

Timken News Summary

Here are the key news stories impacting Timken this week:

• Positive Sentiment: CNBC contributor Stephanie Link identified Timken as a relatively cheap “AI food chain” play, suggesting the company could benefit from demand for bearings and other industrial components used in data centers and related infrastructure. Stephanie Link is buying this little-known play on the AI food chain. And it's cheap
• Neutral Sentiment: Zacks raised its FY2026 EPS forecast to $6.18 from $6.11, FY2027 EPS to $6.96 from $6.86, and made modest increases to estimates for the first and second quarters of 2027 and the fourth quarter of 2027. However, the revised FY2026 forecast remains slightly below the broader consensus estimate of $6.26.
• Negative Sentiment: Zacks lowered its Q3 2026 EPS estimate to $1.43 from $1.50 and its Q4 2026 forecast to $1.25 from $1.32. It also reduced its Q1 2028 estimate to $1.98 from $2.23 and FY2028 EPS to $8.26 from $8.50. The cuts imply softer near-term earnings expectations and may be the principal reason the stock has decreased.

Timken Trading Down 1.0%

Shares of Timken stock opened at $124.45 on Friday. Timken Company has a 1 year low of $70.57 and a 1 year high of $146.37. The firm has a market cap of $8.62 billion, a PE ratio of 33.73, a PEG ratio of 1.48 and a beta of 1.21. 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 $136.98 and a two-hundred day simple moving average of $119.36.

Timken (NYSE:TKR - Get Free Report) last released its earnings results 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. Timken had a net margin of 5.43% and a return on equity of 12.63%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm earned $1.12 EPS. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Analysts expect that Timken Company will post 6.26 earnings per share for the current fiscal year.

Timken Dividend Announcement

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

Analyst Ratings Changes

TKR has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Timken from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday, July 13th. KeyCorp increased their target price on Timken from $140.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Citigroup raised their price target on Timken from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Evercore reiterated an "outperform" rating and set a $158.00 price objective on shares of Timken in a research note on Monday, May 11th. Finally, The Goldman Sachs Group increased their price objective on Timken from $128.00 to $142.00 and gave the stock a "neutral" rating in a report on Friday, July 10th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Timken presently has an average rating of "Moderate Buy" and an average price target of $150.00.

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.

Want to see what other hedge funds are holding TKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Timken Company (The) (NYSE:TKR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source