Nykredit A S Takes $75.62 Million Position in Timken Company (The) $TKR

Key Points

• Nykredit A S acquired 520,392 Timken shares during the second quarter, worth approximately $75.6 million and representing a 0.75% stake. Institutional investors collectively own 89.08% of the company.
• Analyst sentiment is broadly positive: Bank of America upgraded Timken to “buy,” while JPMorgan and Citigroup raised their price targets to $160. The stock carries a “Moderate Buy” consensus rating with an average target of $145.50.
• Timken exceeded quarterly earnings expectations, reporting $1.83 in EPS versus the $1.62 consensus and revenue of $1.26 billion. The company also maintained FY 2026 EPS guidance of $6.05–$6.35 and pays a quarterly dividend of $0.36 per share.

Nykredit A S acquired a new stake in shares of Timken Company (The) (NYSE:TKR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 520,392 shares of the industrial products company's stock, valued at approximately $75,623,000. Nykredit A S owned 0.75% of Timken as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Corient Private Wealth LP grew its stake in Timken by 168.9% during the 2nd quarter. Corient Private Wealth LP now owns 51,894 shares of the industrial products company's stock worth $7,541,000 after buying an additional 32,598 shares during the last quarter. Affinity Wealth LLC acquired a new position in Timken during the 2nd quarter valued at approximately $230,000. HighTower Advisors LLC increased its stake in Timken by 3.7% during the 2nd quarter. HighTower Advisors LLC now owns 15,802 shares of the industrial products company's stock valued at $2,296,000 after purchasing an additional 568 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Timken in the second quarter worth $3,829,000. Finally, Readystate Asset Management LP purchased a new position in shares of Timken in the second quarter worth $1,736,000. Institutional investors own 89.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TKR. Bank of America raised shares of Timken from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $129.00 to $135.00 in a report on Tuesday, September 1st. JPMorgan Chase & Co. lifted their price target on Timken from $150.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Weiss Ratings upgraded Timken from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, August 20th. The Goldman Sachs Group increased their price objective on Timken from $128.00 to $142.00 and gave the company a "neutral" rating in a report on Friday, July 10th. Finally, Citigroup raised their price objective on Timken from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $145.50.

Insider Activity at Timken

In related news, Director Richard Kyle sold 13,637 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $126.63, for a total value of $1,726,853.31. Following the completion of the transaction, the director directly owned 183,724 shares of the company's stock, valued at approximately $23,264,970.12. This represents a 6.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.10% of the stock is owned by corporate insiders.

Timken Stock Up 0.4%

TKR stock opened at $117.06 on Friday. Timken Company has a one year low of $70.57 and a one year 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 firm's fifty day moving average is $128.76 and its 200 day moving average is $121.43. The firm has a market cap of $8.11 billion, a PE ratio of 31.73, a P/E/G ratio of 1.29 and a beta of 1.21.

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, topping analysts' consensus estimates of $1.62 by $0.21. The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.23 billion. Timken had a return on equity of 12.63% and a net margin of 5.43%.Timken's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 EPS. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, research analysts forecast that Timken Company will post 6.26 EPS for the current year.

Timken Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.2%. Timken's payout ratio is currently 39.02%.

About Timken

Timken is an industrial technology company that designs and manufactures engineered bearings and motion-related products. Its offerings include tapered and spherical roller bearings, precision bearings, seals, lubrication systems, and other components used to reduce friction, support rotating equipment, and improve the performance and reliability of machinery.

The company also provides industrial motion products and services, including power transmission components, chain, belts, couplings, gear drives, linear motion systems, and related maintenance and engineering solutions.

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