Deprince Race & Zollo Inc. Sells 17,682 Shares of Timken Company (The) $TKR

Deprince Race & Zollo Inc. cut its stake in shares of Timken Company (The) (NYSE:TKR) by 3.1% in the first quarter, Holdings Channel reports. The fund owned 555,387 shares of the industrial products company’s stock after selling 17,682 shares during the period. Timken comprises approximately 1.1% of Deprince Race & Zollo Inc.’s holdings, making the stock its 23rd biggest position. Deprince Race & Zollo Inc.’s holdings in Timken were worth $55,855,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd bought a new position in shares of Timken in the fourth quarter valued at about $25,000. Clearstead Advisors LLC boosted its holdings in Timken by 130.3% in the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 172 shares during the last quarter. Eastern Bank bought a new stake in shares of Timken during the fourth quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new stake in shares of Timken during the fourth quarter worth $31,000. Finally, Kestra Investment Management LLC bought a new stake in Timken in the second quarter valued at approximately $42,000. 89.08% of the stock is owned by institutional investors.

Insider Activity at Timken

In related news, Director Ajita G. Rajendra sold 8,450 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $131.34, for a total transaction of $1,109,823.00. Following the transaction, the director directly owned 20,225 shares of the company’s stock, valued at $2,656,351.50. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $116.51, for a total value of $1,747,650.00. Following the completion of the sale, the director directly owned 264,744 shares of the company’s stock, valued at $30,845,323.44. This trade represents a 5.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 69,079 shares of company stock worth $8,296,144 over the last ninety days. Insiders own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

TKR has been the subject of several research reports. Morgan Stanley set a $140.00 price objective on shares of Timken in a research report on Thursday, May 21st. Citigroup raised their price objective on Timken from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research note on Monday, April 20th. DA Davidson assumed coverage on shares of Timken in a report on Tuesday, June 16th. They issued a “neutral” rating and a $130.00 target price on the stock. Finally, KeyCorp raised their price objective on Timken from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $141.62.

Timken Stock Performance

Shares of NYSE:TKR opened at $142.09 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.88 and a quick ratio of 1.55. Timken Company has a 1 year low of $70.57 and a 1 year high of $146.37. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 1.74 and a beta of 1.20. The company’s 50 day simple moving average is $125.77 and its 200 day simple moving average is $107.69.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. Timken had a net margin of 6.60% and a return on equity of 11.84%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company earned $1.40 EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, research analysts predict that Timken Company will post 6.14 EPS for the current fiscal year.

Timken Increases Dividend

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

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.