Verition Fund Management LLC Sells 6,122 Shares of Timken Company (The) $TKR

Verition Fund Management LLC cut its position in shares of Timken Company (The) (NYSE:TKR) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,873 shares of the industrial products company’s stock after selling 6,122 shares during the period. Verition Fund Management LLC owned about 0.23% of Timken worth $13,366,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TKR. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Timken during the fourth quarter valued at approximately $25,000. Clearstead Advisors LLC boosted its stake in Timken by 130.3% in the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock valued at $26,000 after buying an additional 172 shares in the last quarter. Eastern Bank acquired a new stake in Timken in the 4th quarter valued at $27,000. V Square Quantitative Management LLC acquired a new stake in Timken in the 4th quarter valued at $31,000. Finally, Kestra Investment Management LLC acquired a new stake in Timken in the 2nd quarter valued at $42,000. 89.08% of the stock is currently owned by institutional investors.

Timken Price Performance

Timken stock opened at $139.02 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.55 and a current ratio of 2.88. The firm has a market cap of $9.66 billion, a P/E ratio of 31.59, a P/E/G ratio of 1.64 and a beta of 1.21. The business’s fifty day moving average is $116.91 and its two-hundred day moving average is $102.74. Timken Company has a 52 week low of $69.25 and a 52 week high of $142.92.

Timken (NYSE:TKR) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. Timken had a return on equity of 11.84% and a net margin of 6.60%.The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm earned $1.40 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Equities research analysts forecast that Timken Company will post 6.13 earnings per share for the current fiscal year.

Timken Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. This is an increase from Timken’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Tuesday, May 19th. Timken’s payout ratio is currently 32.73%.

Insider Activity

In other news, Director Richard G. Kyle sold 8,448 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $127.35, for a total transaction of $1,075,852.80. Following the transaction, the director owned 197,361 shares of the company’s stock, valued at $25,133,923.35. This represents a 4.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ajita G. Rajendra sold 8,450 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $131.34, for a total value of $1,109,823.00. Following the transaction, the director directly owned 20,225 shares in the company, valued at $2,656,351.50. This trade represents a 29.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 69,079 shares of company stock valued at $8,296,144 over the last three months. 8.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TKR. KeyCorp boosted their price target on Timken from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised Timken from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $130.00 to $150.00 in a research note on Tuesday, May 26th. Wall Street Zen raised Timken from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Evercore reaffirmed an “outperform” rating and issued a $158.00 price target on shares of Timken in a research note on Monday, May 11th. Finally, DA Davidson boosted their price target on Timken from $117.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, May 21st. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $140.38.

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.