Algert Global LLC Takes $1.91 Million Position in Timken Company (The) $TKR

Key Points

• Algert Global LLC acquired 13,110 Timken shares during the second quarter, establishing a position valued at approximately $1.91 million. Institutional investors collectively own 89.08% of the company.
• Timken exceeded quarterly expectations, reporting $1.83 EPS versus the $1.62 consensus estimate and revenue of $1.26 billion, up 7.5% year over year. The company maintained fiscal 2026 EPS guidance of $6.05–$6.35.
• Analysts hold a “Moderate Buy” consensus rating with an average price target of $150, while Timken pays a quarterly dividend of $0.36 per share, yielding approximately 1.2%.

Algert Global LLC purchased a new position in Timken Company (The) (NYSE:TKR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,110 shares of the industrial products company's stock, valued at approximately $1,905,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP purchased a new position in shares of Timken in the 2nd quarter valued at approximately $37,000. Elevation Wealth Partners LLC grew its stake in Timken by 420.0% in the second quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company's stock worth $38,000 after purchasing an additional 210 shares during the period. Trust Co. of Vermont bought a new position in Timken in the second quarter worth $41,000. Gordian Capital Singapore Pte Ltd purchased a new position in Timken during the fourth quarter valued at $25,000. Finally, Clearstead Advisors LLC lifted its position in Timken by 130.3% during the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company's stock valued at $26,000 after buying an additional 172 shares during the period. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Timken Stock Performance

Shares of TKR stock opened at $121.05 on Friday. Timken Company has a one year low of $70.57 and a one year high of $146.37. The company's 50-day moving average is $135.03 and its 200 day moving average is $120.23. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 1.42 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 (NYSE:TKR - Get Free Report) last issued its earnings results 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 business 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%. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Sell-side analysts expect that Timken Company will post 6.25 EPS for the current fiscal year.

Timken Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Oppenheimer upped their target price on shares of Timken from $147.00 to $150.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 21st. DA Davidson set a $130.00 price target on shares of Timken in a research report on Friday, August 14th. Weiss Ratings raised shares of Timken from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, August 20th. JPMorgan Chase & Co. upped their price objective on shares of Timken from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday, July 13th. Finally, Citigroup raised their target price on shares of Timken from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Timken has a consensus rating of "Moderate Buy" and an average target price of $150.00.

Insider Buying and Selling

In other Timken news, Director Ajita G. Rajendra sold 8,450 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $131.34, for a total transaction of $1,109,823.00. Following the sale, the director directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard G. Kyle sold 13,637 shares of the business's stock in a transaction 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 owned 183,724 shares of the company's stock, valued at $23,264,970.12. This represents a 6.91% decrease in their position. The SEC filing for this sale provides additional information. 8.10% of the stock is owned by insiders.

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.

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