Man Group plc Takes Position in Timken Company (The) $TKR

Key Points

• Man Group initiated a Timken position in the second quarter, purchasing 103,854 shares valued at approximately $15.1 million, while institutional investors overall own 89.08% of the company.
• Analysts maintain a “Moderate Buy” consensus on Timken, with six Buy ratings and three Holds and an average price target of $150. Several firms recently raised their targets to $160.
• Timken exceeded quarterly expectations, reporting $1.83 in earnings per share versus the $1.62 consensus and revenue of $1.26 billion. The company also declared a quarterly dividend of $0.36 per share, equating to a 1.2% yield.

Man Group plc purchased a new position in Timken Company (The) (NYSE:TKR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 103,854 shares of the industrial products company's stock, valued at approximately $15,092,000. Man Group plc owned about 0.15% of Timken as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TKR. Jupiter Topco LLC bought a new position in shares of Timken during the 2nd quarter valued at approximately $4,204,000. Ancora Advisors LLC bought a new stake in Timken in the second quarter worth $291,000. Canada Pension Plan Investment Board purchased a new position in Timken during the second quarter worth $13,776,000. Castleark Management LLC purchased a new position in Timken during the second quarter worth $10,957,000. Finally, Legal & General Group Plc bought a new position in Timken during the second quarter valued at $12,934,000. Hedge funds and other institutional investors own 89.08% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on TKR shares. Weiss Ratings raised shares of Timken from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, August 20th. Citigroup boosted their target price on Timken from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. upped their target price on Timken from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday, July 13th. The Goldman Sachs Group raised their price target on Timken from $128.00 to $142.00 and gave the stock a "neutral" rating in a research note on Friday, July 10th. Finally, KeyCorp boosted their price objective on Timken from $140.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, July 13th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $150.00.

Timken Stock Down 1.4%

Shares of NYSE TKR opened at $124.41 on Friday. The company has a current ratio of 3.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $8.62 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21. The stock's fifty day simple moving average is $135.44 and its two-hundred day simple moving average is $120.23. Timken Company has a 12-month low of $70.57 and a 12-month high of $146.37.

Timken (NYSE:TKR - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, beating 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 business had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period last year, the business earned $1.12 EPS. The company's 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. As a group, analysts expect that Timken Company will post 6.25 EPS for the current fiscal year.

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, August 18th. Timken's dividend payout ratio (DPR) is presently 39.02%.

Insider Transactions at Timken

In other Timken news, Director Ajita G. Rajendra sold 8,450 shares of the firm'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 directly owned 20,225 shares of the company's stock, valued at approximately $2,656,351.50. This trade represents a 29.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $1,726,853.31. Following the sale, 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 disclosure for this sale is available in the SEC filing. Insiders own 8.10% of the company's stock.

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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