Squarepoint Ops LLC Decreases Position in Timken Company (The) $TKR

Key Points

• Squarepoint Ops LLC reduced its Timken stake by 8% in the second quarter, selling 23,967 shares and retaining 274,342 shares valued at approximately $39.9 million. Institutional investors collectively own 89.08% of TKR.
• 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 maintained fiscal 2026 EPS guidance of $6.05–$6.35 and announced a quarterly dividend of $0.36 per share.
• Analysts remain generally positive, with seven Buy ratings and three Holds, giving Timken a “Moderate Buy” consensus and an average price target of $145.50, compared with a share price of $124.03.

Squarepoint Ops LLC trimmed its holdings in Timken Company (The) (NYSE:TKR - Free Report) by 8.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 274,342 shares of the industrial products company's stock after selling 23,967 shares during the quarter. Squarepoint Ops LLC owned about 0.40% of Timken worth $39,867,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TKR. Baird Financial Group Inc. purchased a new stake in shares of Timken during the 2nd quarter worth approximately $26,560,000. Nykredit A S purchased a new position in shares of Timken in the 2nd quarter valued at $75,623,000. Corient Private Wealth LP raised 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 acquiring an additional 32,598 shares in the last quarter. Affinity Wealth LLC acquired a new stake in Timken during the 2nd quarter worth $230,000. Finally, HighTower Advisors LLC lifted its position in Timken by 3.7% in the second quarter. HighTower Advisors LLC now owns 15,802 shares of the industrial products company's stock valued at $2,296,000 after acquiring an additional 568 shares during the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Timken Trading Up 0.7%

Shares of Timken stock opened at $124.03 on Wednesday. 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 company has a market capitalization of $8.60 billion, a P/E ratio of 33.61, a PEG ratio of 1.36 and a beta of 1.21. Timken Company has a 1 year low of $70.57 and a 1 year high of $146.37. The company's fifty day moving average is $132.23 and its two-hundred day moving average is $121.00.

Timken (NYSE:TKR - Get Free Report) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 EPS 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 during the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the company earned $1.12 earnings per share. The business'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. Analysts forecast that Timken Company will post 6.26 earnings per share for the current year.

Timken Announces Dividend

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

Insiders Place Their Bets

In other Timken news, Director Richard Kyle sold 13,637 shares of Timken stock in a transaction that occurred 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 transaction, the director directly owned 183,724 shares in the company, valued at approximately $23,264,970.12. This trade represents a 6.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 8.10% of the company's stock.

Wall Street Analysts Forecast Growth

TKR has been the topic of several research reports. DA Davidson set a $130.00 price objective on Timken in a report on Friday, August 14th. Citigroup boosted their target price on Timken from $140.00 to $160.00 and gave the company a "buy" rating in a 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 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. Finally, Morgan Stanley set a $140.00 price target on Timken in a research report on Thursday, May 21st. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Timken presently has an average rating of "Moderate Buy" and an average price target of $145.50.

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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