Baird Financial Group Inc. Takes $26.56 Million Position in Timken Company (The) $TKR

Baird Financial Group Inc. 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 fund bought 182,767 shares of the industrial products company's stock, valued at approximately $26,560,000. Baird Financial Group Inc. owned 0.26% of Timken as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TKR. Nykredit A S purchased a new position in Timken in the second quarter valued at approximately $75,623,000. Corient Private Wealth LP grew its stake in Timken by 168.9% during the second quarter. Corient Private Wealth LP now owns 51,894 shares of the industrial products company's stock worth $7,541,000 after buying an additional 32,598 shares during the period. Affinity Wealth LLC acquired a new stake in shares of Timken in the second quarter worth $230,000. HighTower Advisors LLC increased its position in shares of Timken by 3.7% in the second quarter. HighTower Advisors LLC now owns 15,802 shares of the industrial products company's stock worth $2,296,000 after acquiring an additional 568 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Timken in the 2nd quarter valued at $3,829,000. Institutional investors and hedge funds own 89.08% of the company's stock.

Analysts Set New Price Targets

TKR has been the subject of a number of research reports. Citigroup upped their price target on shares of Timken from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. DA Davidson set a $130.00 price objective on Timken in a research report on Friday, August 14th. The Goldman Sachs Group boosted 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. Oppenheimer set a $135.00 target price on Timken in a research note on Tuesday, September 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Timken from $150.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $145.50.

Insiders Place Their Bets

In other Timken news, Director Richard Kyle sold 13,637 shares of the firm's stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 8.10% of the stock is currently owned by company insiders.

Timken Trading Down 0.6%

Shares of NYSE TKR opened at $118.39 on Friday. The company has a quick ratio of 1.74, a current ratio of 3.10 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $8.20 billion, a P/E ratio of 32.08, a PEG ratio of 1.32 and a beta of 1.21. Timken Company has a 52-week low of $70.57 and a 52-week high of $146.37. The stock's 50 day moving average price is $131.35 and its two-hundred day moving average price is $121.16.

Timken (NYSE:TKR - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 EPS for the quarter, topping analysts' consensus estimates 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 in the previous year, the company posted $1.12 earnings per share. The firm's revenue 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, analysts anticipate that Timken Company will post 6.26 earnings per share for the current fiscal year.

Timken Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, August 18th. Timken's dividend payout ratio is currently 39.02%.

More Timken News

Here are the key news stories impacting Timken this week:

• Positive Sentiment: Zacks raised multiple future EPS estimates. FY2027 EPS was increased to $7.14 from $6.96, while estimates for Q1–Q4 2027 and Q2 2028 were also raised. The FY2026 estimate edged up to $6.19 from $6.18. These revisions suggest improving expectations for Timken’s earnings outlook, although the FY2026 estimate remains slightly below the $6.26 consensus. Timken stock information
• Positive Sentiment: Timken continues to attract value-investing interest. A Zacks article highlighted the company as a potential long-term value stock, which could support investor interest if its earnings growth and valuation remain attractive. Why Timken is a Top Value Stock for the Long-Term
• Neutral Sentiment: Management presented at the Jefferies Global Industrials Conference. The transcript and presentation materials give investors additional information about Timken’s strategy and outlook, but the provided reports do not identify a specific new announcement likely to materially change estimates. Timken Jefferies conference transcript
• Negative Sentiment: Technical factors remain a headwind. Timken shares are trading below their 50-day and 200-day moving averages, indicating continued near-term momentum pressure. The stock’s recent decline therefore appears more related to trading sentiment and technical weakness than to a negative earnings revision or adverse company announcement. Timken stock performance

About Timken

Timken is an industrial technology company that designs and manufactures engineered bearings and motion-related products. Its offerings include tapered and spherical roller bearings, precision bearings, seals, lubrication systems, and other components used to reduce friction, support rotating equipment, and improve the performance and reliability of machinery.

The company also provides industrial motion products and services, including power transmission components, chain, belts, couplings, gear drives, linear motion systems, and related maintenance and engineering solutions.

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