Timken Company (The) $TKR Shares Sold by Cooke & Bieler LP

Key Points

• Cooke & Bieler LP reduced its Timken stake by 8.8% in the third quarter, selling 29,661 shares and retaining 308,070 shares valued at approximately $36.0 million. Institutional investors and hedge funds collectively own 89.08% of TKR.
• Timken exceeded quarterly expectations with adjusted EPS of $1.83 versus the $1.62 consensus and revenue of $1.26 billion, up 7.5% year over year. The company issued fiscal 2026 EPS guidance of $6.05–$6.35 and pays a $0.36 quarterly dividend, yielding about 1.3%.
• Analyst sentiment remains broadly positive, with seven Buy ratings and three Holds producing a “Moderate Buy” consensus and a $145 average price target, despite shares recently trading at $114.95.

Cooke & Bieler LP trimmed its stake in Timken Company (The) (NYSE:TKR - Free Report) by 8.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 308,070 shares of the industrial products company's stock after selling 29,661 shares during the period. Cooke & Bieler LP owned about 0.44% of Timken worth $35,967,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TKR. Axxcess Wealth Management LLC bought a new position in shares of Timken during the third quarter valued at $207,000. Nisa Investment Advisors LLC boosted its stake in shares of Timken by 1.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,204 shares of the industrial products company's stock valued at $1,425,000 after purchasing an additional 220 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Timken by 1,038.5% in the 3rd quarter. IFP Advisors Inc now owns 296 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 270 shares in the last quarter. New England Research & Management Inc. acquired a new stake in shares of Timken in the 3rd quarter valued at $651,000. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Timken by 79.8% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 320,882 shares of the industrial products company's stock worth $38,243,000 after purchasing an additional 142,376 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Price Performance

Timken stock opened at $114.95 on Thursday. The business's 50-day simple moving average is $119.57 and its 200 day simple moving average is $124.08. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of 31.15, a P/E/G ratio of 1.26 and a beta of 1.18. Timken Company has a 12-month low of $73.62 and a 12-month high of $146.37. The company has a quick ratio of 1.74, a current ratio of 3.10 and a debt-to-equity ratio of 0.61.

Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.21. Timken had a return on equity of 12.63% and a net margin of 5.43%. The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the previous year, the business posted $1.12 EPS. The company's quarterly 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. As a group, research analysts anticipate that Timken Company will post 6.25 earnings per share for the current year.

Timken Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, August 18th. Timken's dividend payout ratio is currently 39.02%.

Insider Transactions at Timken

In other Timken news, Director Richard Kyle sold 13,637 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The shares were 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 of the company's stock, valued at approximately $23,264,970.12. This trade represents a 6.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.10% of the company's stock.

Analyst Upgrades and Downgrades

TKR has been the subject of a number of recent analyst reports. Oppenheimer reiterated an "outperform" rating and set a $150.00 target price on shares of Timken in a research report on Thursday, October 1st. The Goldman Sachs Group boosted their price target on shares of Timken from $128.00 to $142.00 and gave the company a "neutral" rating in a research report on Friday, July 10th. Wall Street Zen cut shares of Timken from a "buy" rating to a "hold" rating in a research note on Saturday, October 3rd. Citigroup decreased their price objective on shares of Timken from $160.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, October 12th. Finally, Weiss Ratings raised shares of Timken from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 20th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Timken currently has a consensus rating of "Moderate Buy" and a consensus target price of $145.00.

About Timken

Timken is an industrial manufacturer that designs and produces engineered bearings and power transmission products. Its offerings include tapered and spherical roller bearings, precision bearings, seals, lubrication systems, gears, belts, chains, couplings, and other components used to manage friction, motion, and power transmission.

The company serves customers across a range of industries, including industrial machinery, renewable energy, transportation, aerospace, defense, agriculture, construction, and energy.

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