Tidal Investments LLC Raises Holdings in Timken Company (The) $TKR

Tidal Investments LLC increased its position in Timken Company (The) (NYSE:TKR) by 3.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 192,679 shares of the industrial products company’s stock after purchasing an additional 5,655 shares during the period. Tidal Investments LLC’s holdings in Timken were worth $28,000,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Timken by 4.3% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,537 shares of the industrial products company’s stock worth $255,000 after buying an additional 104 shares in the last quarter. Parallel Advisors LLC boosted its stake in Timken by 4.1% during the first quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock valued at $299,000 after buying an additional 116 shares during the period. Sheets Smith Wealth Management grew its position in Timken by 2.2% during the second quarter. Sheets Smith Wealth Management now owns 6,079 shares of the industrial products company’s stock worth $883,000 after buying an additional 128 shares in the last quarter. Parvin Asset Management LLC increased its stake in Timken by 16.5% in the 1st quarter. Parvin Asset Management LLC now owns 920 shares of the industrial products company’s stock worth $93,000 after acquiring an additional 130 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of Timken by 3.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,319 shares of the industrial products company’s stock valued at $325,000 after acquiring an additional 132 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors.

Timken Stock Down 3.8%

Shares of NYSE:TKR opened at $119.19 on Thursday. The stock has a market capitalization of $8.26 billion, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 1.37 and a beta of 1.21. The stock’s 50-day moving average price is $131.77 and its 200-day moving average price is $121.09. The company has a current ratio of 3.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61. Timken Company has a 12-month low of $70.57 and a 12-month high of $146.37.

Timken (NYSE:TKR) last released its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.21. Timken had a return on equity of 12.63% and a net margin of 5.43%.The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the company posted $1.12 EPS. Timken’s revenue for the quarter was up 7.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, equities analysts anticipate that Timken Company will post 6.26 earnings per share for the current year.

Timken Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, August 18th. Timken’s payout ratio is presently 39.02%.

Insiders Place Their Bets

In other Timken news, Director Richard Kyle sold 13,637 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the completion of the sale, the director owned 183,724 shares of the company’s stock, valued at $23,264,970.12. This represents a 6.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TKR shares. JPMorgan Chase & Co. lifted 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. Jefferies Financial Group set a $135.00 price objective on shares of Timken in a report on Tuesday, September 1st. DA Davidson set a $130.00 target price on shares of Timken in a research report on Friday, August 14th. Bank of America upgraded Timken from a “neutral” rating to a “buy” rating and raised their price target for the company from $129.00 to $135.00 in a research report on Tuesday, September 1st. Finally, Weiss Ratings upgraded Timken from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 20th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Timken has an average rating of “Moderate Buy” and a consensus price target of $145.50.

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.