BlackRock Inc. Makes New Investment in Timken Company (The) $TKR

Key Points

• BlackRock acquired 5.99 million Timken shares worth approximately $870 million, giving it an 8.64% stake. Institutional investors collectively own 89.08% of the company.
• Analysts maintain a positive outlook, with six Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $150. Timken also exceeded quarterly earnings expectations, reporting $1.83 EPS versus the $1.62 consensus.
• Timken declared a quarterly dividend of $0.36 per share, equivalent to a 1.2% annualized yield. Meanwhile, insiders sold 30,535 shares worth roughly $3.9 million over the last quarter.

BlackRock Inc. acquired a new position in Timken Company (The) (NYSE:TKR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,986,764 shares of the industrial products company's stock, valued at approximately $869,997,000. BlackRock Inc. owned about 8.64% of Timken at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Segall Bryant & Hamill LLC increased its position in Timken by 29.9% during the first quarter. Segall Bryant & Hamill LLC now owns 451,516 shares of the industrial products company's stock worth $45,409,000 after buying an additional 103,904 shares during the last quarter. Peregrine Investment Management Inc. acquired a new stake in shares of Timken in the first quarter valued at approximately $7,040,000. Wealth High Governance Capital Ltda bought a new position in shares of Timken during the 4th quarter worth approximately $16,429,000. Regents Gate Capital LLP acquired a new position in shares of Timken during the 4th quarter worth approximately $9,126,000. Finally, Y Intercept Hong Kong Ltd raised its stake in Timken by 247.3% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 51,195 shares of the industrial products company's stock valued at $5,149,000 after acquiring an additional 36,455 shares during the period. Institutional investors own 89.08% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citigroup increased their target price on Timken from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Oppenheimer lifted their price objective on shares of Timken from $147.00 to $150.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 21st. Weiss Ratings raised shares of Timken from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday. Evercore restated an "outperform" rating and set a $158.00 price objective on shares of Timken in a research note on Monday, May 11th. Finally, DA Davidson set a $130.00 price target on Timken in a research report on Friday, August 14th. Six 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 company presently has a consensus rating of "Moderate Buy" and an average target price of $150.00.

Timken Price Performance

Timken stock opened at $125.07 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 one year low of $70.57 and a one year high of $146.37. The stock's 50 day moving average is $136.75 and its 200 day moving average is $119.40. The firm has a market cap of $8.67 billion, a P/E ratio of 33.89, a P/E/G ratio of 1.47 and a beta of 1.21.

Timken (NYSE:TKR - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.21. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. Timken's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 EPS. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, research analysts expect that Timken Company will post 6.26 EPS for the current year.

Timken Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be paid 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 is Tuesday, August 18th. Timken's payout ratio is presently 39.02%.

Insiders Place Their Bets

In other Timken news, Director Ajita G. Rajendra sold 8,450 shares of the business's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $131.34, for a total transaction of $1,109,823.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard G. Kyle sold 13,637 shares of the company'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 sale, the director owned 183,724 shares in the company, valued at approximately $23,264,970.12. This represents a 6.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 30,535 shares of company stock worth $3,912,529 over the last quarter. Company insiders own 8.10% of the company's stock.

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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