Timken Company (The) $TKR Shares Bought by Robeco Schweiz AG

Robeco Schweiz AG lifted its holdings in Timken Company (The) (NYSE:TKR) by 119.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 516,703 shares of the industrial products company’s stock after buying an additional 281,513 shares during the quarter. Timken comprises approximately 1.1% of Robeco Schweiz AG’s portfolio, making the stock its 29th largest holding. Robeco Schweiz AG’s holdings in Timken were worth $60,325,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Signaturefd LLC lifted its holdings in shares of Timken by 19.8% during the 3rd quarter. Signaturefd LLC now owns 2,265 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 375 shares in the last quarter. Lighthouse Financial LLC raised its position in Timken by 22.4% in the third quarter. Lighthouse Financial LLC now owns 2,846 shares of the industrial products company’s stock valued at $332,000 after purchasing an additional 520 shares during the period. Fifth Third Wealth Advisors LLC raised its position in Timken by 5.9% in the third quarter. Fifth Third Wealth Advisors LLC now owns 2,669 shares of the industrial products company’s stock valued at $312,000 after purchasing an additional 148 shares during the period. Inspire Investing LLC raised its position in Timken by 96.2% in the third quarter. Inspire Investing LLC now owns 9,143 shares of the industrial products company’s stock valued at $1,067,000 after purchasing an additional 4,482 shares during the period. Finally, Root Financial Partners LLC acquired a new position in shares of Timken during the third quarter worth about $43,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Stock Performance

Shares of TKR opened at $109.26 on Friday. The business’s 50 day moving average is $118.63 and its two-hundred day moving average is $124.04. Timken Company has a 52-week low of $73.62 and a 52-week high of $146.37. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 1.21 and a beta of 1.18. The company has a quick ratio of 1.74, a current ratio of 3.10 and a debt-to-equity ratio of 0.61.

Timken (NYSE:TKR) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.21. Timken had a net margin of 5.43% and a return on equity of 12.63%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company earned $1.12 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Analysts forecast that Timken Company will post 6.25 EPS for the current fiscal year.

Timken Dividend Announcement

The business also recently disclosed 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 1.3%. The ex-dividend date was Tuesday, August 18th. Timken’s dividend payout ratio is 39.02%.

Insider Buying and Selling

In other Timken news, Director Richard Kyle sold 13,637 shares of the firm’s 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 transaction, the director directly owned 183,724 shares of the company’s stock, valued at $23,264,970.12. This trade represents a 6.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. KeyCorp upped their target price on Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. The Goldman Sachs Group increased their target price on Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. DA Davidson set a $130.00 target price on Timken in a report on Friday, August 14th. Bank of America raised Timken from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $129.00 to $135.00 in a research report on Tuesday, September 1st. Finally, Oppenheimer restated an “outperform” rating and issued a $150.00 price target on shares of Timken in a report on Thursday, October 1st. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $145.00.

About Timken

Timken is an industrial manufacturer that designs and produces engineered bearings and power transmission products. Its offerings include tapered and spherical roller bearings, precision bearings, seals, lubrication systems, gears, belts, chains, couplings, and other components used to manage friction, motion, and power transmission.

The company serves customers across a range of industries, including industrial machinery, renewable energy, transportation, aerospace, defense, agriculture, construction, and energy.