Alyeska Investment Group L.P. Decreases Stock Holdings in Timken Company (The) $TKR

Key Points

• Alyeska Investment Group cut its Timken stake by 43.1% in the second quarter, selling 465,950 shares and retaining 614,622 shares valued at approximately $89.3 million. Institutional investors collectively own 89.08% of Timken.
• 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. Management guided to fiscal 2026 EPS of $6.05–$6.35.
• Analyst sentiment remains positive, with six Buy ratings and three Holds producing a “Moderate Buy” consensus and a $150 average price target. Timken also pays a quarterly dividend of $0.36 per share, yielding about 1.2%.

Alyeska Investment Group L.P. decreased its stake in shares of Timken Company (The) (NYSE:TKR - Free Report) by 43.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 614,622 shares of the industrial products company's stock after selling 465,950 shares during the period. Alyeska Investment Group L.P. owned about 0.89% of Timken worth $89,317,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new stake in Timken during the second quarter valued at $37,000. Elevation Wealth Partners LLC boosted its position 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 last quarter. Trust Co. of Vermont purchased a new position in Timken in the second quarter worth about $41,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Timken during the 4th quarter valued at about $25,000. Finally, Clearstead Advisors LLC grew its stake in shares of Timken by 130.3% during the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 172 shares during the period. Hedge funds and other institutional investors own 89.08% of the company's stock.

Timken Price Performance

Shares of NYSE:TKR opened at $121.05 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.10 and a quick ratio of 1.74. Timken Company has a 1-year low of $70.57 and a 1-year high of $146.37. The company has a market capitalization of $8.39 billion, a P/E ratio of 32.80, a P/E/G ratio of 1.42 and a beta of 1.21. The firm's 50 day simple moving average is $135.03 and its two-hundred day simple moving average is $120.23.

Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Research analysts expect that Timken Company will post 6.25 EPS for the current fiscal year.

Timken Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were paid 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 39.02%.

Insider Activity at Timken

In related news, Director Richard G. Kyle sold 13,637 shares of the business's 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 transaction, the director directly owned 183,724 shares of the company's stock, valued at approximately $23,264,970.12. The trade was a 6.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ajita G. Rajendra sold 8,450 shares of the company's 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 transaction, the director owned 20,225 shares of the company's stock, valued at $2,656,351.50. The trade was a 29.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 8.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. KeyCorp upped their target price on shares of Timken from $140.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, July 13th. Weiss Ratings raised 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 Timken from $128.00 to $142.00 and gave the stock a "neutral" rating in a research note on Friday, July 10th. DA Davidson set a $130.00 target price on Timken in a report on Friday, August 14th. Finally, JPMorgan Chase & Co. lifted their target price on Timken from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Monday, July 13th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $150.00.

About Timken

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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