Ceredex Value Advisors LLC Cuts Stock Position in Timken Company (The) $TKR

Ceredex Value Advisors LLC trimmed its stake in shares of Timken Company (The) (NYSE:TKR) by 17.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,750 shares of the industrial products company’s stock after selling 34,675 shares during the period. Ceredex Value Advisors LLC owned 0.24% of Timken worth $12,386,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Mather Group LLC. acquired a new position in shares of Timken during the 3rd quarter worth about $25,000. SJS Investment Consulting Inc. boosted its holdings in Timken by 4,512.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 369 shares of the industrial products company’s stock worth $28,000 after buying an additional 361 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Timken during the 2nd quarter worth approximately $42,000. Bessemer Group Inc. raised its holdings in shares of Timken by 305.6% during the third quarter. Bessemer Group Inc. now owns 718 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 541 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Timken by 1,954.3% in the second quarter. EverSource Wealth Advisors LLC now owns 719 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 684 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Timken from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Monday. Oppenheimer set a $108.00 price objective on Timken in a report on Thursday, February 5th. Morgan Stanley lifted their target price on shares of Timken from $105.00 to $116.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $94.89.

Timken Price Performance

TKR stock opened at $102.23 on Wednesday. The business’s fifty day moving average price is $98.95 and its 200 day moving average price is $85.94. Timken Company has a 12-month low of $56.20 and a 12-month high of $111.39. The company has a current ratio of 2.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $7.11 billion, a PE ratio of 24.87, a P/E/G ratio of 1.48 and a beta of 1.18.

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

Timken Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Tuesday, February 24th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was 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 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 sale, the director directly owned 243,636 shares in the company, valued at $26,310,251.64. This represents a 7.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.37% of the stock is currently owned by company insiders.

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.