Walleye Capital LLC Invests $28.57 Million in Timken Company (The) $TKR

Walleye Capital LLC acquired a new position in shares of Timken Company (The) (NYSE:TKR) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 284,075 shares of the industrial products company’s stock, valued at approximately $28,569,000.

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

Timken Trading Up 1.8%

Shares of TKR stock opened at $141.63 on Thursday. Timken Company has a 1-year low of $70.57 and a 1-year high of $146.37. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.60. The stock has a market cap of $9.84 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 1.66 and a beta of 1.20. The stock has a 50-day moving average of $133.79 and a 200-day moving average of $113.28.

Timken (NYSE:TKR) last issued its quarterly earnings results 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. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. Timken had a net margin of 6.60% and a return on equity of 11.84%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. On average, equities research analysts forecast that Timken Company will post 6.16 earnings per share for the current year.

Timken Increases Dividend

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

Wall Street Analysts Forecast Growth

TKR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research note on Friday, July 17th. KeyCorp raised their price objective on Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Citigroup upped their target price on Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, DA Davidson assumed coverage on shares of Timken in a report on Tuesday, June 16th. They set a “neutral” rating and a $130.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $150.00.

Insiders Place Their Bets

In other news, Director Richard G. Kyle sold 8,448 shares of Timken stock in a transaction 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 sale, the director owned 197,361 shares in the company, valued at $25,133,923.35. The trade was a 4.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John M. Timken, Jr. sold 15,000 shares of the stock in a transaction 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 transaction, the director directly owned 264,744 shares in the company, valued at approximately $30,845,323.44. This represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 69,079 shares of company stock worth $8,296,144. 8.10% of the stock is owned by corporate 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.