Timken Company (The) $TKR Shares Purchased by Phocas Financial Corp.

Phocas Financial Corp. boosted its position in shares of Timken Company (The) (NYSE:TKR) by 81.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 88,967 shares of the industrial products company’s stock after purchasing an additional 39,871 shares during the quarter. Phocas Financial Corp.’s holdings in Timken were worth $7,485,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TKR. UBS Group AG increased its position 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 buying an additional 2,012,352 shares in the last quarter. Invesco Ltd. boosted its position in shares of Timken by 124.5% in the 3rd quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company’s stock worth $102,106,000 after buying an additional 753,275 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Timken by 34.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,493,167 shares of the industrial products company’s stock valued at $112,256,000 after acquiring an additional 385,389 shares during the last quarter. Keybank National Association OH increased its holdings in Timken by 107.8% during the 3rd quarter. Keybank National Association OH now owns 727,777 shares of the industrial products company’s stock valued at $54,714,000 after acquiring an additional 377,607 shares in the last quarter. Finally, Norges Bank purchased a new position in Timken during the 2nd quarter valued at about $23,708,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Trading Down 0.0%

TKR stock opened at $98.89 on Monday. The company has a quick ratio of 1.47, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 1.44 and a beta of 1.18. The business has a fifty day simple moving average of $101.96 and a 200-day simple moving average of $88.67. Timken Company has a 52 week low of $56.20 and a 52 week high of $111.39.

Timken (NYSE:TKR) last issued its earnings results on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Timken had a return on equity of 11.52% and a net margin of 6.29%.The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the firm earned $1.16 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. On average, equities research analysts expect that Timken Company will post 5.62 EPS for the current year.

Timken Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Tuesday, February 24th were issued a dividend of $0.35 per share. The ex-dividend date was Tuesday, February 24th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. Timken’s payout ratio is presently 34.06%.

Insider Activity

In related news, Director Richard G. Kyle sold 19,636 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $107.99, for a total transaction of $2,120,491.64. Following the completion of the sale, the director owned 243,636 shares of the company’s stock, valued at approximately $26,310,251.64. This represents a 7.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TKR. Citigroup upped their price target on shares of Timken from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a research report on Wednesday, January 21st. Morgan Stanley upped their target price on Timken from $116.00 to $119.00 and gave the company an “overweight” rating in a research note on Monday, March 30th. DA Davidson increased their target price on Timken from $86.00 to $108.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Finally, Wall Street Zen raised Timken from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $98.38.

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.