M&T Bank Corp Purchases 41,639 Shares of Timken Company (The) $TKR

Key Points

• M&T Bank Corp raised its stake in Timken by 292% in Q4, buying 41,639 shares to hold 55,899 shares valued at about $4.70 million (≈0.08% of the company).
• Insider sale: Director Richard G. Kyle sold 19,636 shares at $107.99 on Feb. 20, trimming his position by 7.46% and generating roughly $2.12 million.
• Timken beat quarterly expectations ( $1.14 EPS vs. $1.09 expected; $1.11B revenue vs. $1.07B) and set FY2026 guidance of 5.50–6.00 EPS; analysts’ consensus is a "Hold" with an average price target of $105.86.

M&T Bank Corp raised its position in shares of Timken Company (The) (NYSE:TKR - Free Report) by 292.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,899 shares of the industrial products company's stock after buying an additional 41,639 shares during the quarter. M&T Bank Corp owned about 0.08% of Timken worth $4,703,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TKR. Mather Group LLC. bought a new position in shares of Timken in the 3rd quarter worth about $25,000. Eastern Bank bought a new stake in Timken during the fourth quarter worth about $27,000. SJS Investment Consulting Inc. grew its holdings in Timken by 4,512.5% in the third quarter. SJS Investment Consulting Inc. now owns 369 shares of the industrial products company's stock worth $28,000 after purchasing an additional 361 shares during the period. V Square Quantitative Management LLC purchased a new stake in Timken in the fourth quarter worth about $31,000. Finally, Kestra Investment Management LLC bought a new position in shares of Timken during the second quarter valued at approximately $42,000. Institutional investors own 89.08% of the company's stock.

Insider Activity at Timken

In other Timken news, Director Richard G. Kyle sold 19,636 shares of Timken stock in a transaction on Friday, February 20th. The stock was sold at an average price of $107.99, for a total value of $2,120,491.64. Following the completion of the sale, the director owned 243,636 shares of the company's stock, valued at approximately $26,310,251.64. This trade represents a 7.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.10% of the company's stock.

Wall Street Analyst Weigh In

TKR has been the subject of several recent research reports. Wall Street Zen upgraded shares of Timken from a "hold" rating to a "buy" rating in a report on Sunday, March 1st. Morgan Stanley raised their price objective on Timken from $116.00 to $119.00 and gave the company an "overweight" rating in a research report on Monday, March 30th. DA Davidson lifted their price objective on Timken from $86.00 to $108.00 and gave the company a "neutral" rating in a research note on Tuesday, February 10th. Weiss Ratings reissued a "hold (c+)" rating on shares of Timken in a report on Monday, April 20th. Finally, Oppenheimer increased their target price on Timken from $108.00 to $117.00 and gave the stock an "outperform" rating in a research note on Monday, April 20th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $105.86.

Timken Stock Down 0.0%

Shares of Timken stock opened at $107.18 on Monday. The company has a 50-day simple moving average of $103.52 and a two-hundred day simple moving average of $91.80. The stock has a market capitalization of $7.48 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18. Timken Company has a 52-week low of $62.11 and a 52-week high of $111.39. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.47 and a current ratio of 2.82.

Timken (NYSE:TKR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.05. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.07 billion. Timken had a net margin of 6.29% and a return on equity of 11.52%. The business's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 earnings per share. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. On average, analysts anticipate that Timken Company will post 5.9 EPS for the current fiscal year.

Timken Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Tuesday, February 24th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, February 24th. Timken's dividend payout ratio (DPR) is currently 34.06%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.