Victory Capital Management Inc. Has $119.99 Million Stake in Timken Company (The) $TKR

Victory Capital Management Inc. decreased its position in Timken Company (The) (NYSE:TKR) by 15.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,596,042 shares of the industrial products company’s stock after selling 290,738 shares during the quarter. Victory Capital Management Inc. owned 2.29% of Timken worth $119,990,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in Timken by 13.4% during the second quarter. American Century Companies Inc. now owns 3,845,175 shares of the industrial products company’s stock worth $278,968,000 after buying an additional 455,050 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Timken by 241.7% during the 2nd quarter. Invesco Ltd. now owns 604,879 shares of the industrial products company’s stock worth $43,884,000 after acquiring an additional 427,879 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Timken by 57.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,107,778 shares of the industrial products company’s stock valued at $80,369,000 after acquiring an additional 403,629 shares during the period. Brandes Investment Partners LP boosted its position in Timken by 358.8% during the second quarter. Brandes Investment Partners LP now owns 513,641 shares of the industrial products company’s stock worth $37,265,000 after purchasing an additional 401,694 shares during the period. Finally, Keybank National Association OH increased its holdings in shares of Timken by 107.8% in the third quarter. Keybank National Association OH now owns 727,777 shares of the industrial products company’s stock valued at $54,714,000 after purchasing an additional 377,607 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TKR shares. Morgan Stanley increased their target price on shares of Timken from $105.00 to $116.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Wall Street Zen upgraded Timken from a “hold” rating to a “buy” rating in a research note on Sunday. DA Davidson increased their price target on Timken from $86.00 to $108.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Citigroup lifted their price objective on Timken from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Oppenheimer set a $108.00 target price on Timken in a report on Thursday, February 5th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $93.78.

Timken Stock Down 0.9%

Shares of NYSE TKR opened at $105.66 on Thursday. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 1.57 and a beta of 1.18. The company has a current ratio of 2.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.56. Timken Company has a 12 month low of $56.20 and a 12 month high of $111.39. The stock has a 50-day moving average price of $97.73 and a two-hundred day moving average price of $85.19.

Timken (NYSE:TKR) last posted its quarterly 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. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. Timken had a net margin of 6.29% and a return on equity of 11.52%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $1.16 EPS. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, analysts forecast that Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Tuesday, February 24th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, February 24th. Timken’s dividend payout ratio is presently 34.06%.

Insider Transactions at Timken

In other Timken news, Director Richard G. Kyle sold 19,636 shares of Timken stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $107.99, for a total transaction of $2,120,491.64. Following the transaction, the director directly owned 243,636 shares of the company’s stock, valued at approximately $26,310,251.64. The trade was a 7.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.70% of the stock is currently owned by corporate insiders.

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.