Handelsbanken Fonder AB Buys 10,700 Shares of Timken Company (The) $TKR

Key Points

• Handelsbanken Fonder AB increased its Timken (NYSE: TKR) position by 59.2% in the second quarter, buying 10,700 shares and bringing its holdings to 28,785 shares valued at approximately $4.18 million. Institutional investors collectively own 89.08% of the company.
• Timken reported quarterly EPS of $1.83, exceeding estimates of $1.62, while revenue rose 7.5% year over year to $1.26 billion. The company provided fiscal 2026 EPS guidance of $6.05–$6.35.
• Analysts assign Timken a consensus “Moderate Buy” rating with a $150 price target, compared with a recent share price of $133.37. The company also declared a quarterly dividend of $0.36 per share, representing a 1.1% annualized yield.

Handelsbanken Fonder AB grew its position in shares of Timken Company (The) (NYSE:TKR - Free Report) by 59.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,785 shares of the industrial products company's stock after purchasing an additional 10,700 shares during the period. Handelsbanken Fonder AB's holdings in Timken were worth $4,183,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TKR. Segall Bryant & Hamill LLC grew its stake in shares of Timken by 29.9% in the 1st 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 in the last quarter. Peregrine Investment Management Inc. bought a new stake in shares of Timken in the 1st quarter worth about $7,040,000. Wealth High Governance Capital Ltda purchased a new stake in shares of Timken during the 4th quarter valued at about $16,429,000. Regents Gate Capital LLP purchased a new stake in shares of Timken during the 4th quarter valued at about $9,126,000. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of 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 last quarter. 89.08% of the stock is owned by institutional investors.

Timken Trading Up 1.6%

TKR opened at $133.37 on Friday. 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's 50 day moving average price is $137.56 and its 200-day moving average price is $118.22. Timken Company has a one year low of $70.57 and a one year high of $146.37. The stock has a market cap of $9.24 billion, a price-to-earnings ratio of 36.14, a P/E/G ratio of 1.57 and a beta of 1.21.

Timken (NYSE:TKR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.23 billion. During the same period last year, the company earned $1.12 EPS. Timken'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. On average, equities analysts forecast that Timken Company will post 6.23 EPS for the current year.

Timken Dividend Announcement

The business 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 1.1%. The ex-dividend date of this dividend is Tuesday, August 18th. Timken's payout ratio is currently 39.02%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. The Goldman Sachs Group lifted their price target on Timken from $128.00 to $142.00 and gave the stock a "neutral" rating in a research report on Friday, July 10th. DA Davidson set a $130.00 price objective on Timken in a research report on Friday. Oppenheimer raised their price objective on Timken from $147.00 to $150.00 and gave the company an "outperform" rating in a research note on Tuesday, July 21st. Evercore reissued an "outperform" rating and set a $158.00 target price on shares of Timken in a research report on Monday, May 11th. Finally, Morgan Stanley set a $140.00 price target on Timken in a report on Thursday, May 21st. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $150.00.

Insiders Place Their Bets

In related news, Director Ajita G. Rajendra sold 8,450 shares of Timken stock in a transaction dated 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 sale, the director owned 20,225 shares in the company, valued at $2,656,351.50. This trade represents a 29.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through 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 stock was sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the completion of the transaction, the director owned 183,724 shares in the company, valued at $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 30,535 shares of company stock valued at $3,912,529 over the last three months. Insiders own 8.10% of the company's stock.

Timken 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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