Deutsche Bank AG Takes $1.22 Million Position in Timken Company (The) $TKR

Key Points

• Deutsche Bank acquired 8,381 Timken shares in the second quarter, valued at approximately $1.22 million. Institutional investors collectively own 89.08% of the company.
• Analysts maintain a generally positive outlook, with six Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $150.
• Timken exceeded quarterly earnings expectations, reporting $1.83 in EPS and $1.26 billion in revenue, while maintaining a quarterly dividend of $0.36 per share.

Deutsche Bank AG bought a new stake in Timken Company (The) (NYSE:TKR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,381 shares of the industrial products company's stock, valued at approximately $1,218,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TKR. Segall Bryant & Hamill LLC increased its position in shares of Timken by 29.9% during the 1st quarter. Segall Bryant & Hamill LLC now owns 451,516 shares of the industrial products company's stock worth $45,409,000 after purchasing an additional 103,904 shares in the last quarter. Peregrine Investment Management Inc. acquired a new position in Timken in the first quarter valued at about $7,040,000. Regents Gate Capital LLP acquired a new position in Timken in the fourth quarter valued at about $9,126,000. Y Intercept Hong Kong Ltd grew its stake in 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 during the last quarter. Finally, Van Den Berg Management I Inc. raised its stake in shares of Timken by 43.2% in the fourth 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 acquiring an additional 18,011 shares during the last quarter. 89.08% of the stock is owned by institutional investors.

Insider Transactions at Timken

In other Timken news, Director Richard G. Kyle sold 13,637 shares of Timken stock in a transaction that occurred on 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 approximately $23,264,970.12. The trade was a 6.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ajita G. Rajendra sold 8,450 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director owned 20,225 shares of the company's stock, valued at $2,656,351.50. This trade represents a 29.47% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 8.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on TKR shares. Oppenheimer raised their price target on shares of Timken from $147.00 to $150.00 and gave the company an "outperform" rating in a report on Tuesday, July 21st. KeyCorp upped their price objective on Timken from $140.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday, July 13th. JPMorgan Chase & Co. increased their price objective on Timken from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Monday, July 13th. Weiss Ratings raised Timken from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, August 20th. Finally, DA Davidson set a $130.00 price target on Timken in a research note 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, Timken presently has an average rating of "Moderate Buy" and a consensus price target of $150.00.

Timken Stock Up 0.2%

Shares of NYSE TKR opened at $121.05 on Monday. Timken Company has a 52-week low of $70.57 and a 52-week 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 stock has a market cap of $8.39 billion, a P/E ratio of 32.80, a P/E/G ratio of 1.42 and a beta of 1.21. The firm has a 50 day moving average price of $135.03 and a 200 day moving average price of $120.31.

Timken (NYSE:TKR - Get Free Report) last announced 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 company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period last year, the firm posted $1.12 earnings per share. The business'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. Analysts expect that Timken Company will post 6.25 EPS for the current year.

Timken Dividend Announcement

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

Timken Company Profile

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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