Wellington Management Group LLP Makes New Investment in Timken Company (The) $TKR

Wellington Management Group LLP purchased a new position in shares of Timken Company (The) (NYSE:TKR) in the 2nd quarter, Holdings Channel reports. The firm purchased 198,604 shares of the industrial products company’s stock, valued at approximately $28,861,000.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Timken during the 2nd quarter worth $869,997,000. UBS Group AG boosted its stake in shares of Timken by 734.7% during the third quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock valued at $171,880,000 after purchasing an additional 2,012,352 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Timken during the second quarter valued at about $140,755,000. William Blair Investment Management LLC bought a new stake in shares of Timken during the second quarter worth about $138,757,000. Finally, Invesco Ltd. increased its stake in shares of Timken by 124.5% in the third quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company’s stock valued at $102,106,000 after buying an additional 753,275 shares during the period. 89.08% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Timken news, Director Richard Kyle sold 13,637 shares of the stock in a transaction dated Monday, August 10th. The stock was 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 directly owned 183,724 shares in the company, valued at approximately $23,264,970.12. This trade represents a 6.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

TKR has been the subject of a number of research reports. Bank of America upgraded shares of Timken from a “neutral” rating to a “buy” rating and raised their price objective for the company from $129.00 to $135.00 in a report on Tuesday. Weiss Ratings upgraded shares of Timken from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 20th. JPMorgan Chase & Co. raised their price target on shares of Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. DA Davidson set a $130.00 price target on shares of Timken in a report on Friday, August 14th. Finally, Morgan Stanley set a $140.00 price objective on Timken in a report on Thursday, May 21st. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $145.50.

Timken Stock Performance

Shares of TKR stock opened at $123.21 on Friday. The stock has a market capitalization of $8.54 billion, a PE ratio of 33.39, a PEG ratio of 1.34 and a beta of 1.21. The business’s 50 day simple moving average is $133.05 and its 200 day simple moving average is $120.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.10 and a quick ratio of 1.74. Timken Company has a one year low of $70.57 and a one year high of $146.37.

Timken (NYSE:TKR) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.21. Timken had a net margin of 5.43% and a return on equity of 12.63%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the business earned $1.12 EPS. The company’s 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. As a group, research analysts forecast that Timken Company will post 6.26 earnings per share for the current year.

Timken Dividend Announcement

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

Timken 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.