Janney Montgomery Scott LLC Has $12.96 Million Position in Timken Company (The) $TKR

Janney Montgomery Scott LLC cut its stake in Timken Company (The) (NYSE:TKR) by 2.7% in the first quarter, HoldingsChannel.com reports. The fund owned 128,908 shares of the industrial products company’s stock after selling 3,577 shares during the period. Janney Montgomery Scott LLC’s holdings in Timken were worth $12,964,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Peregrine Investment Management Inc. acquired a new stake in Timken in the first quarter worth $7,040,000. Phocas Financial Corp. grew its holdings in shares of Timken by 81.2% in the 4th quarter. Phocas Financial Corp. now owns 88,967 shares of the industrial products company’s stock valued at $7,485,000 after buying an additional 39,871 shares during the period. Wealth High Governance Capital Ltda acquired a new position in shares of Timken in the 4th quarter valued at $16,429,000. Oliver Luxxe Assets LLC bought a new stake in shares of Timken in the 4th quarter valued at $1,990,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in Timken during the 3rd quarter worth $8,107,000. Institutional investors own 89.08% of the company’s stock.

Insider Buying and Selling

In related news, Director Ajita G. Rajendra sold 8,450 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $131.34, for a total transaction of $1,109,823.00. Following the completion of the transaction, the director directly owned 20,225 shares of the company’s stock, valued at approximately $2,656,351.50. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard G. Kyle sold 8,448 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $127.35, for a total value of $1,075,852.80. Following the completion of the transaction, the director owned 197,361 shares of the company’s stock, valued at approximately $25,133,923.35. This represents a 4.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 69,079 shares of company stock worth $8,296,144. Corporate insiders own 8.10% of the company’s stock.

Timken Stock Performance

Shares of TKR stock opened at $142.09 on Thursday. Timken Company has a 12 month low of $70.57 and a 12 month high of $146.37. The company’s fifty day simple moving average is $125.77 and its 200-day simple moving average is $107.69. The firm has a market cap of $9.88 billion, a PE ratio of 32.29, a P/E/G ratio of 1.74 and a beta of 1.20. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 0.60.

Timken (NYSE:TKR) last released its earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share for the quarter, beating 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 the consensus estimate of $1.17 billion. During the same quarter last year, the firm earned $1.40 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Equities research analysts expect that Timken Company will post 6.14 EPS for the current fiscal year.

Timken Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on TKR. The Goldman Sachs Group set a $128.00 target price on Timken in a report on Friday, May 22nd. Citigroup raised their price target on Timken from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. upgraded Timken from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $130.00 to $150.00 in a report on Tuesday, May 26th. DA Davidson initiated coverage on Timken in a research report on Tuesday, June 16th. They issued a “neutral” rating and a $130.00 price objective for the company. Finally, Morgan Stanley set a $140.00 target price on Timken 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 company. Based on data from MarketBeat, Timken presently has an average rating of “Moderate Buy” and a consensus price target of $141.62.

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.