Diversified Trust Co Invests $1.38 Million in Timken Company (The) $TKR

Key Points

• Diversified Trust Co opened a new position in Timken, buying 13,694 shares worth about $1.38 million in the first quarter.
• Timken has seen broad institutional interest, with several large investors boosting stakes and 89.08% of the stock now held by institutions.
• Analysts remain constructive on the stock, with Timken carrying a Moderate Buy consensus and an average price target of $141.62; the company also recently beat earnings and revenue expectations and raised its quarterly dividend to $0.36 per share.

Diversified Trust Co acquired a new stake in shares of Timken Company (The) (NYSE:TKR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,694 shares of the industrial products company's stock, valued at approximately $1,377,000.

A number of other institutional investors have also recently added to or reduced their stakes in TKR. UBS Group AG increased its position in Timken by 734.7% in the third quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company's stock worth $171,880,000 after buying an additional 2,012,352 shares during the period. Invesco Ltd. grew its position in shares of Timken by 124.5% during the third quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company's stock worth $102,106,000 after acquiring an additional 753,275 shares during the last quarter. Norges Bank bought a new position in shares of Timken during the fourth quarter worth about $47,644,000. Alyeska Investment Group L.P. acquired a new stake in shares of Timken in the 4th quarter worth about $44,421,000. Finally, Balyasny Asset Management L.P. increased its holdings in shares of Timken by 235.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 735,354 shares of the industrial products company's stock worth $61,865,000 after acquiring an additional 515,948 shares during the period. 89.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TKR has been the subject of a number of analyst reports. Morgan Stanley set a $140.00 target price on shares of Timken in a research note on Thursday, May 21st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Timken in a report on Monday, April 20th. Wall Street Zen upgraded Timken from a "hold" rating to a "buy" rating in a research report on Sunday, March 1st. Citigroup boosted their price objective on Timken from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. upgraded Timken from a "neutral" rating to an "overweight" rating and raised their target price for the company from $130.00 to $150.00 in a research report on Tuesday, May 26th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $141.62.

Timken Trading Down 0.3%

Shares of NYSE:TKR opened at $141.88 on Tuesday. The company has a 50 day moving average of $120.82 and a 200-day moving average of $104.87. The firm has a market cap of $9.86 billion, a P/E ratio of 32.25, a P/E/G ratio of 1.70 and a beta of 1.21. Timken Company has a twelve month low of $69.25 and a twelve month high of $144.25. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.60.

Timken (NYSE:TKR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.17. Timken had a net margin of 6.60% and a return on equity of 11.84%. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same period last year, the firm posted $1.40 earnings per share. The business's revenue was up 8.0% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, analysts anticipate that Timken Company will post 6.14 earnings per share for the current fiscal year.

Timken Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, May 19th. This is an increase from Timken's previous quarterly dividend of $0.35. Timken's dividend payout ratio is 32.73%.

Insider Activity

In related news, Director Ajita G. Rajendra sold 8,450 shares of the firm's stock in a transaction dated Friday, June 5th. The stock was 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard G. Kyle sold 37,181 shares of Timken stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $117.34, for a total value of $4,362,818.54. Following the transaction, the director directly owned 206,455 shares in the company, valued at approximately $24,225,429.70. The trade was a 15.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 69,079 shares of company stock worth $8,296,144. 8.10% of the stock is owned by company insiders.

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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