Timken Company (The) $TKR Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its holdings in shares of Timken Company (The) (NYSE:TKR) by 24.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,900 shares of the industrial products company’s stock after acquiring an additional 4,500 shares during the period. Handelsbanken Fonder AB’s holdings in Timken were worth $1,927,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eastern Bank acquired a new position in Timken during the fourth quarter worth about $27,000. V Square Quantitative Management LLC acquired a new position in Timken during the fourth quarter worth about $31,000. Kestra Investment Management LLC purchased a new position in Timken in the 2nd quarter valued at about $42,000. Capital Advisors Ltd. LLC lifted its holdings in Timken by 11,500.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 580 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 575 shares in the last quarter. Finally, Danske Bank A S purchased a new position in Timken in the 3rd quarter valued at about $45,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Key Headlines Impacting Timken

Here are the key news stories impacting Timken this week:

• Positive Sentiment: Zacks Research raised its earnings estimates across multiple future periods, including FY2026 to $6.03 per share, FY2027 to $6.69, and FY2028 to $7.27, signaling analysts expect continued earnings growth for Timken. Timken Company (The) (NYSE:TKR)
• Positive Sentiment: Timken’s recent earnings report beat estimates on both EPS and revenue, with sales up 8% year over year, reinforcing confidence in the company’s operating performance. Timken Company (The) (NYSE:TKR)
• Neutral Sentiment: DA Davidson lifted its price target to $120 from $117 but kept a neutral rating, suggesting the stock may be fairly valued near current levels rather than signaling a strong new bullish call. Benzinga

Analysts Set New Price Targets

TKR has been the topic of a number of recent research reports. The Goldman Sachs Group set a $128.00 target price on shares of Timken in a report on Friday. KeyCorp upped their target price on shares of Timken from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Citigroup upped their target price on shares of Timken from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Morgan Stanley set a $140.00 target price on shares of Timken in a report on Thursday. Finally, Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.63.

Insider Buying and Selling

In related news, Director Richard G. Kyle sold 37,181 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $117.34, for a total transaction of $4,362,818.54. Following the completion of the sale, the director owned 206,455 shares of the company’s stock, valued at approximately $24,225,429.70. This represents a 15.26% 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. Also, Director John M. Timken, Jr. sold 15,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $116.51, for a total transaction of $1,747,650.00. Following the sale, the director directly owned 264,744 shares of the company’s stock, valued at approximately $30,845,323.44. This trade represents a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.10% of the stock is currently owned by corporate insiders.

Timken Trading Up 0.1%

Shares of TKR stock opened at $120.08 on Monday. The firm has a market cap of $8.35 billion, a P/E ratio of 27.29, a PEG ratio of 1.63 and a beta of 1.18. Timken Company has a 1-year low of $67.14 and a 1-year high of $123.67. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.88 and a quick ratio of 1.55. The firm’s 50-day simple moving average is $106.47 and its 200-day simple moving average is $96.66.

Timken (NYSE:TKR) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.17. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. Timken had a net margin of 6.60% and a return on equity of 11.84%. The company’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, equities analysts forecast that Timken Company will post 6.05 EPS for the current year.

Timken Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be given a dividend of $0.36 per share. This is a boost from Timken’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. Timken’s dividend payout ratio is currently 32.73%.

Timken 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.