Pinnbrook Capital Management LP Acquires Shares of 113,500 Timken Company (The) $TKR

Key Points

• Pinnbrook Capital Management initiated a 113,500-share Timken stake valued at approximately $16.5 million, representing 1.8% of its portfolio and about 0.16% of Timken’s outstanding shares. Institutional investors collectively own 89.08% of the company.
• Analyst sentiment is broadly positive, with six Buy ratings and three Holds producing a “Moderate Buy” consensus and a $150 average price target. KeyCorp and JPMorgan both raised their targets to $160.
• Timken exceeded quarterly expectations with $1.83 adjusted EPS versus $1.62 expected and revenue of $1.26 billion, up 7.5% year over year. The company also declared a quarterly dividend of $0.36 per share, implying a 1.2% annualized yield.

Pinnbrook Capital Management LP bought a new stake in shares of Timken Company (The) (NYSE:TKR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 113,500 shares of the industrial products company's stock, valued at approximately $16,494,000. Timken comprises about 1.8% of Pinnbrook Capital Management LP's investment portfolio, making the stock its 14th biggest holding. Pinnbrook Capital Management LP owned approximately 0.16% of Timken at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Timken in the 2nd quarter worth about $162,000. Evolve Private Wealth LLC purchased a new stake in Timken during the second quarter worth about $535,000. William Blair Investment Management LLC bought a new stake in Timken in the second quarter worth about $138,757,000. EP Wealth Advisors LLC bought a new stake in Timken in the second quarter worth about $1,003,000. Finally, Callan Family Office LLC purchased a new position in Timken in the second quarter valued at about $1,840,000. 89.08% of the stock is currently owned by institutional investors.

Insider Transactions at Timken

In related news, Director Richard G. Kyle sold 13,637 shares of the business'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 transaction, the director owned 183,724 shares in the company, valued at $23,264,970.12. The trade was a 6.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ajita G. Rajendra sold 8,450 shares of the company'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 value of $1,109,823.00. Following the transaction, the director directly owned 20,225 shares of the company's stock, valued at $2,656,351.50. The trade was a 29.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 30,535 shares of company stock worth $3,912,529. 8.10% of the stock is owned by company insiders.

Analyst Ratings Changes

TKR has been the subject of several research analyst reports. Morgan Stanley set a $140.00 price target on shares of Timken in a research note on Thursday, May 21st. KeyCorp increased their target price on Timken from $140.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. JPMorgan Chase & Co. increased their price target on shares of Timken from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday, July 13th. The Goldman Sachs Group increased their price objective on Timken from $128.00 to $142.00 and gave the stock a "neutral" rating in a research report on Friday, July 10th. Finally, DA Davidson set a $130.00 target price on shares of Timken in a research report on Friday, August 14th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.00.

Timken Stock Performance

Shares of TKR stock opened at $125.07 on Friday. The company has a market capitalization of $8.67 billion, a P/E ratio of 33.89, a PEG ratio of 1.47 and a beta of 1.21. Timken Company has a fifty-two week low of $70.57 and a fifty-two week 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 stock has a 50 day moving average price of $136.75 and a two-hundred day moving average price of $119.40.

Timken (NYSE:TKR - Get Free Report) last announced 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. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. The company's revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 EPS. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Analysts expect that Timken Company will post 6.26 earnings per share for the current year.

Timken Announces Dividend

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

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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