Timken Company (The) $TKR Shares Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Timken stake by 68.8% in the second quarter, selling 13,925 shares and retaining 6,320 shares valued at approximately $918,000. Institutional investors collectively own 89.08% of TKR.
• Timken exceeded quarterly expectations, reporting $1.83 in EPS 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.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $145.50 average price target; Timken also maintains a quarterly dividend of $0.36 per share, representing a 1.2% yield.

Engineers Gate Manager LP reduced its holdings in shares of Timken Company (The) (NYSE:TKR - Free Report) by 68.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,320 shares of the industrial products company's stock after selling 13,925 shares during the quarter. Engineers Gate Manager LP's holdings in Timken were worth $918,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of TKR. Integrated Wealth Concepts LLC acquired a new position in Timken in the second quarter valued at $90,000. NewEdge Advisors LLC boosted its position in shares of Timken by 930.2% in the second quarter. NewEdge Advisors LLC now owns 1,844 shares of the industrial products company's stock worth $268,000 after acquiring an additional 1,665 shares during the last quarter. Baird Financial Group Inc. acquired a new stake in shares of Timken in the second quarter worth approximately $26,560,000. Nykredit A S purchased a new stake in Timken in the second quarter valued at approximately $75,623,000. Finally, Corient Private Wealth LP grew its holdings in Timken by 168.9% in the second quarter. Corient Private Wealth LP now owns 51,894 shares of the industrial products company's stock valued at $7,541,000 after purchasing an additional 32,598 shares during the period. Hedge funds and other institutional investors own 89.08% of the company's stock.

Insider Buying and Selling

In other Timken news, Director Richard Kyle sold 13,637 shares of the company's stock in a transaction dated 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 completion of the transaction, 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 filing with the SEC, which is available at the SEC website. 8.10% of the stock is owned by corporate insiders.

Timken Price Performance

TKR stock opened at $117.06 on Friday. The firm has a market cap of $8.11 billion, a P/E ratio of 31.73, a price-to-earnings-growth ratio of 1.30 and a beta of 1.21. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10. Timken Company has a 1 year low of $70.57 and a 1 year high of $146.37. The stock has a 50-day simple moving average of $128.76 and a 200-day simple moving average of $121.43.

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 firm 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 business earned $1.12 EPS. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, equities analysts predict that Timken Company will post 6.26 earnings per share for the current fiscal year.

Timken Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors 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 annualized dividend and a yield of 1.2%. Timken's payout ratio is 39.02%.

Wall Street Analysts Forecast Growth

TKR has been the topic of a number of research analyst reports. Jefferies Financial Group set a $135.00 price target on shares of Timken in a report on Tuesday, September 1st. The Goldman Sachs Group upped their price objective on Timken from $128.00 to $142.00 and gave the stock a "neutral" rating in a report on Friday, July 10th. Bank of America upgraded Timken from a "neutral" rating to a "buy" rating and lifted their target price for the company from $129.00 to $135.00 in a report on Tuesday, September 1st. Citigroup boosted their price target on Timken from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Finally, DA Davidson set a $130.00 price target on Timken in a research note on Friday, August 14th. Seven 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 stock has a consensus rating of "Moderate Buy" and a consensus target price of $145.50.

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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