TD Waterhouse Canada Inc. Boosts Stake in Timken Company (The) $TKR

Key Points

• TD Waterhouse Canada increased its Timken stake by 55.3% in the second quarter to 178,506 shares worth approximately $25.3 million. Institutional investors collectively own 89.08% of the company.
• Timken exceeded quarterly expectations, reporting adjusted earnings of $1.83 per share versus the $1.62 consensus estimate and revenue of $1.26 billion, up 7.5% year over year. The company maintained fiscal 2026 EPS guidance of $6.05–$6.35.
• Analysts remain broadly positive, giving Timken a “Moderate Buy” consensus rating and an average price target of $145.50. The company also pays a quarterly dividend of $0.36 per share, representing a 1.2% yield.

TD Waterhouse Canada Inc. increased its stake in shares of Timken Company (The) (NYSE:TKR - Free Report) by 55.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,506 shares of the industrial products company's stock after buying an additional 63,553 shares during the quarter. TD Waterhouse Canada Inc. owned about 0.26% of Timken worth $25,320,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TKR. BlackRock Inc. acquired a new stake in Timken during the 2nd quarter worth about $869,997,000. Dimensional Fund Advisors LP increased its holdings in shares of Timken by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company's stock valued at $290,320,000 after purchasing an additional 214,845 shares during the period. UBS Group AG increased its holdings in shares of Timken by 734.7% in the third quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company's stock valued at $171,880,000 after purchasing an additional 2,012,352 shares during the period. Victory Capital Management Inc. raised its stake in shares of Timken by 15.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,843,042 shares of the industrial products company's stock worth $155,055,000 after purchasing an additional 247,000 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Timken by 1.0% in the fourth quarter. Invesco Ltd. now owns 1,371,613 shares of the industrial products company's stock worth $115,394,000 after purchasing an additional 13,459 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company's stock.

Timken Trading Up 1.8%

Timken stock opened at $123.21 on Friday. The firm has a market cap of $8.54 billion, a PE ratio of 33.39, a P/E/G ratio of 1.34 and a beta of 1.21. Timken Company has a 12 month low of $70.57 and a 12 month high of $146.37. The stock's 50 day simple moving average is $133.05 and its two-hundred day simple moving average is $120.67. The company has a current ratio of 3.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61.

Timken (NYSE:TKR - Get Free Report) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.21. Timken had a net margin of 5.43% and a return on equity of 12.63%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the firm earned $1.12 EPS. The business's quarterly revenue was up 7.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Analysts anticipate that Timken Company will post 6.26 earnings per share for the current year.

Timken Dividend Announcement

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

Insider Buying and Selling at Timken

In other news, Director Richard Kyle sold 13,637 shares of the stock in a transaction dated 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 directly owned 183,724 shares of the company's stock, valued at $23,264,970.12. This represents a 6.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 8.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Jefferies Financial Group set a $135.00 price target on shares of Timken in a report on Tuesday. The Goldman Sachs Group lifted their price objective on shares of Timken from $128.00 to $142.00 and gave the company a "neutral" rating in a research note on Friday, July 10th. Bank of America upgraded shares of Timken from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $129.00 to $135.00 in a research note on Tuesday. Morgan Stanley set a $140.00 target price on shares of Timken in a report on Thursday, May 21st. Finally, DA Davidson set a $130.00 target price on shares of Timken in a research report on Friday, August 14th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Timken presently has an average rating of "Moderate Buy" and an average target price of $145.50.

About Timken

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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