Timken Company (The) $TKR Shares Acquired by Moody National Bank Trust Division

Moody National Bank Trust Division boosted its holdings in shares of Timken Company (The) (NYSE:TKR) by 14.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,690 shares of the industrial products company’s stock after acquiring an additional 5,195 shares during the period. Moody National Bank Trust Division’s holdings in Timken were worth $4,867,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Timken during the 2nd quarter worth approximately $869,997,000. Bank of New York Mellon Corp purchased a new position in Timken during the second quarter worth approximately $140,755,000. William Blair Investment Management LLC acquired a new position in Timken during the second quarter worth $138,757,000. Nykredit A S acquired a new position in Timken during the second quarter worth $108,692,000. Finally, Norges Bank purchased a new stake in Timken in the 4th quarter valued at $47,644,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. KeyCorp lifted their price target on Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Bank of America upgraded shares of Timken from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $129.00 to $135.00 in a research report on Tuesday, September 1st. Weiss Ratings raised shares of Timken from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 20th. DA Davidson set a $130.00 price target on shares of Timken in a research note on Friday, August 14th. Finally, Wall Street Zen downgraded shares of Timken from a “buy” rating to a “hold” rating in a report on Saturday. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

Timken Trading Down 0.4%

NYSE TKR traded down $0.49 during trading hours on Tuesday, reaching $119.50. The company had a trading volume of 680,413 shares, compared to its average volume of 912,565. The company has a current ratio of 3.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $8.28 billion, a P/E ratio of 32.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.18. The stock has a 50-day moving average of $124.04 and a 200 day moving average of $122.77. Timken Company has a 1-year low of $70.57 and a 1-year high of $146.37.

Timken (NYSE:TKR) last announced its quarterly 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. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the business earned $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, research analysts anticipate that Timken Company will post 6.25 earnings per share for the current fiscal year.

Timken Announces Dividend

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

Insider Activity at Timken

In other news, Director Richard Kyle sold 13,637 shares of Timken stock in a transaction on Monday, August 10th. The stock was sold at an average price of $126.63, for a total value of $1,726,853.31. Following the completion of the sale, the director directly owned 183,724 shares of the company’s stock, valued at approximately $23,264,970.12. The trade was a 6.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.10% of the stock is currently owned by corporate insiders.

About Timken

Timken (NYSE: TKR) is an engineered bearings and industrial motion products company. Its offerings include tapered, spherical, cylindrical, needle and precision bearings, as well as seals and lubrication systems designed to reduce friction, manage loads and support the performance of mechanical equipment.

Through its Industrial Motion business, Timken also provides products such as mechanical power transmission components, chains, belts, couplings, linear motion systems and gear drives.