Buckland Partners Management Co LLC Takes Position in Timken Company (The) $TKR

Key Points

• Buckland Partners Management acquired 19,000 Timken shares worth approximately $2.76 million in the second quarter, while institutional investors collectively own 89.08% of the company.
• Analysts remain broadly positive, with six Buy ratings and three Holds; Timken has a “Moderate Buy” consensus rating and an average price target of $150.
• Timken exceeded quarterly expectations, reporting $1.83 in EPS and $1.26 billion in revenue, up 7.5% year over year. The company also declared a quarterly dividend of $0.36 per share, equivalent to a 1.1% annual yield.

Buckland Partners Management Co LLC acquired a new stake in Timken Company (The) (NYSE:TKR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,000 shares of the industrial products company's stock, valued at approximately $2,761,000. Timken accounts for about 1.4% of Buckland Partners Management Co LLC's holdings, making the stock its 23rd biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TKR. Gordian Capital Singapore Pte Ltd purchased a new position in Timken during the fourth quarter worth approximately $25,000. Clearstead Advisors LLC raised its holdings 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 worth $26,000 after acquiring an additional 172 shares during the period. Elevation Wealth Partners LLC raised its position in shares of Timken by 420.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company's stock valued at $38,000 after buying an additional 210 shares during the period. Trust Co. of Vermont acquired a new position in Timken in the second quarter valued at about $41,000. Finally, Kestra Investment Management LLC acquired a new position in Timken during the second quarter worth $42,000. Hedge funds and other institutional investors own 89.08% of the company's stock.

Insider Activity

In other news, Director Ajita G. Rajendra sold 8,450 shares of Timken stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction 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. This represents a 6.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,535 shares of company stock valued at $3,912,529 in the last three months. 8.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TKR. The Goldman Sachs Group lifted their price objective on shares of Timken from $128.00 to $142.00 and gave the company a "neutral" rating in a report on Friday, July 10th. JPMorgan Chase & Co. lifted their price target 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 raised their price objective 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 cut shares of Timken from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 5th. Finally, Morgan Stanley set a $140.00 price objective on Timken in a research note on Thursday, May 21st. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Timken presently has an average rating of "Moderate Buy" and a consensus price target of $150.00.

Timken Stock Up 0.3%

Shares of NYSE TKR opened at $133.86 on Tuesday. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 36.28, a price-to-earnings-growth ratio of 1.57 and a beta of 1.21. 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 firm has a 50-day moving average price of $137.54 and a 200 day moving average price of $118.67. Timken Company has a 52 week low of $70.57 and a 52 week high of $146.37.

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. Timken had a return on equity of 12.63% and a net margin of 5.43%.The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the business posted $1.12 EPS. Timken's quarterly revenue was up 7.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Equities research analysts anticipate that Timken Company will post 6.23 EPS for the current fiscal year.

Timken Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.44 annualized dividend and a yield of 1.1%. Timken's dividend payout ratio (DPR) is presently 39.02%.

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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