Bank of America Corp DE Makes New $72.35 Million Investment in Timken Company (The) $TKR

Key Points

• Bank of America acquired 497,876 Timken shares worth approximately $72.35 million in the second quarter, giving it a 0.72% stake. Institutional investors collectively own 89.08% of Timken.
• Timken exceeded quarterly expectations, reporting $1.83 in EPS versus the $1.62 consensus and $1.26 billion in revenue, up 7.5% year over year. The company reaffirmed fiscal 2026 EPS guidance of $6.05–$6.35.
• Analysts maintain a generally positive outlook, with seven Buy ratings and three Holds and a consensus price target of $145.50, while Timken continues paying a $0.36 quarterly dividend.

Bank of America Corp DE acquired a new position in Timken Company (The) (NYSE:TKR - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 497,876 shares of the industrial products company's stock, valued at approximately $72,351,000. Bank of America Corp DE owned 0.72% of Timken as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Segall Bryant & Hamill LLC boosted its holdings in Timken by 29.9% during the 1st quarter. Segall Bryant & Hamill LLC now owns 451,516 shares of the industrial products company's stock valued at $45,409,000 after acquiring an additional 103,904 shares during the period. State of Wyoming acquired a new stake in shares of Timken in the second quarter valued at $1,466,000. Regents Gate Capital LLP purchased a new stake in Timken during the 4th quarter worth about $9,126,000. Van Den Berg Management I Inc. boosted its stake in shares of Timken by 43.2% in the 4th quarter. Van Den Berg Management I Inc. now owns 59,686 shares of the industrial products company's stock valued at $5,021,000 after buying an additional 18,011 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its position in shares of Timken by 247.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 51,195 shares of the industrial products company's stock worth $5,149,000 after buying an additional 36,455 shares in the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Timken

In other news, Director Richard Kyle sold 13,637 shares of the business's stock in a transaction dated 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 transaction, the director directly owned 183,724 shares in the company, valued at $23,264,970.12. The trade was a 6.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 8.10% of the company's stock.

Timken Price Performance

TKR stock opened at $117.06 on Friday. The company has a current ratio of 3.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $8.11 billion, a P/E ratio of 31.73, a PEG ratio of 1.30 and a beta of 1.21. The business has a 50 day simple moving average of $128.76 and a 200-day simple moving average of $121.43. Timken Company has a twelve month low of $70.57 and a twelve month high of $146.37.

Timken (NYSE:TKR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share 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 analysts' expectations of $1.23 billion. During the same quarter in the prior year, the business earned $1.12 EPS. Timken'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. As a group, equities analysts anticipate that Timken Company will post 6.26 EPS for the current year.

Timken Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were paid a $0.36 dividend. 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 payout ratio is currently 39.02%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Timken from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. KeyCorp lifted their price target on shares of Timken from $140.00 to $160.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. The Goldman Sachs Group boosted their price target on shares of Timken from $128.00 to $142.00 and gave the stock a "neutral" rating in a report on Friday, July 10th. Oppenheimer set a $135.00 price objective on shares of Timken in a research report on Tuesday, September 1st. Finally, DA Davidson set a $130.00 price objective on Timken in a research report on Friday, August 14th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $145.50.

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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