California State Teachers Retirement System Trims Position in Timken Company (The) $TKR

California State Teachers Retirement System lessened its holdings in Timken Company (The) (NYSE:TKR - Free Report) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,133 shares of the industrial products company's stock after selling 2,090 shares during the period. California State Teachers Retirement System owned about 0.11% of Timken worth $11,063,648 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Allworth Financial LP purchased a new stake in shares of Timken during the 2nd quarter worth approximately $37,000. Elevation Wealth Partners LLC raised its holdings in shares of Timken by 420.0% during the second quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company's stock worth $38,000 after acquiring an additional 210 shares in the last quarter. Trust Co. of Vermont acquired a new position in shares of Timken during the second quarter worth approximately $41,000. Gordian Capital Singapore Pte Ltd bought a new stake in Timken during the fourth quarter worth about $25,000. Finally, Clearstead Advisors LLC increased its stake in shares of Timken by 130.3% in the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company's stock.

Insider Transactions at Timken

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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 8.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Oppenheimer set a $135.00 target price on shares of Timken in a report on Tuesday, September 1st. The Goldman Sachs Group raised their price objective on shares of Timken from $128.00 to $142.00 and gave the company a "neutral" rating in a research note on Friday, July 10th. Weiss Ratings upgraded shares of Timken from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, August 20th. Citigroup raised their price target on Timken from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Finally, KeyCorp raised their price objective on shares of Timken from $140.00 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 given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $145.50.

Timken Price Performance

Shares of TKR stock traded up $0.05 during mid-day trading on Tuesday, reaching $116.55. The company's stock had a trading volume of 309,235 shares, compared to its average volume of 902,657. The company has a market cap of $8.08 billion, a P/E ratio of 31.64, a PEG ratio of 1.32 and a beta of 1.21. Timken Company has a 1-year low of $70.57 and a 1-year high of $146.37. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10. The firm's 50-day moving average is $130.43 and its two-hundred day moving average is $121.29.

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, topping the consensus estimate of $1.62 by $0.21. Timken had a net margin of 5.43% and a return on equity of 12.63%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business earned $1.12 EPS. Timken's revenue for the quarter was up 7.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, research analysts predict that Timken Company will post 6.26 earnings per share for the current year.

Timken Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, August 18th. Timken's dividend payout ratio is presently 39.02%.

Timken Company Profile

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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