CenterBook Partners LP Buys 8,754 Shares of Timken Company (The) $TKR

CenterBook Partners LP increased its stake in shares of Timken Company (The) (NYSE:TKR) by 111.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 16,602 shares of the industrial products company’s stock after acquiring an additional 8,754 shares during the period. CenterBook Partners LP’s holdings in Timken were worth $1,248,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. New York State Common Retirement Fund increased its holdings in shares of Timken by 6.3% during the 3rd quarter. New York State Common Retirement Fund now owns 461,129 shares of the industrial products company’s stock worth $34,668,000 after purchasing an additional 27,515 shares during the period. Keybank National Association OH grew its position in Timken by 107.8% during the third quarter. Keybank National Association OH now owns 727,777 shares of the industrial products company’s stock worth $54,714,000 after buying an additional 377,607 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Timken by 34.8% during the third quarter. Bank of New York Mellon Corp now owns 1,493,167 shares of the industrial products company’s stock valued at $112,256,000 after acquiring an additional 385,389 shares during the period. Deprince Race & Zollo Inc. acquired a new position in Timken in the 3rd quarter valued at approximately $22,624,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Timken by 5.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 466,499 shares of the industrial products company’s stock worth $35,071,000 after acquiring an additional 25,235 shares during the period. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Richard G. Kyle sold 15,837 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $81.03, for a total value of $1,283,272.11. Following the sale, the director directly owned 266,942 shares in the company, valued at $21,630,310.26. The trade was a 5.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

TKR has been the subject of a number of analyst reports. Oppenheimer set a $108.00 price objective on shares of Timken in a report on Thursday, February 5th. DA Davidson raised their price target on shares of Timken from $86.00 to $108.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Wall Street Zen lowered Timken from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley increased their target price on Timken from $105.00 to $116.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. boosted their price target on Timken from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Timken presently has an average rating of “Hold” and an average price target of $93.78.

Timken Price Performance

TKR opened at $108.12 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.82 and a quick ratio of 1.47. The stock has a market capitalization of $7.52 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 1.57 and a beta of 1.21. The company’s 50 day simple moving average is $94.14 and its 200-day simple moving average is $83.32. Timken Company has a one year low of $56.20 and a one year high of $111.39.

Timken (NYSE:TKR) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. Timken had a return on equity of 11.52% and a net margin of 6.29%.The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the business earned $1.16 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. Sell-side analysts anticipate that Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Tuesday, February 24th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, February 24th. Timken’s payout ratio is currently 34.06%.

Key Stories Impacting Timken

Here are the key news stories impacting Timken this week:

• Positive Sentiment: Zacks nudged up Q4 2027 EPS to $1.52 (from $1.50) — a small upward revision that supports better late‑cycle profitability expectations. Zacks revisions – MarketBeat
• Positive Sentiment: Zacks published a FY2028 EPS forecast of $6.96, signaling stronger longer‑term growth expectations vs. current consensus — a potential reason investors are looking past some near‑term cuts.
• Neutral Sentiment: Small trims to near‑term quarters: Q1 2026 to $1.49 (from $1.51) and Q2 2026 to $1.55 (from $1.60) — modest reductions that temper, but do not radically change, near‑quarter expectations.
• Negative Sentiment: Larger downward revisions for 2026/2027 cadence: Q4 2026 cut to $1.25 (from $1.43), and multiple 2027 quarters trimmed (Q1 2027 to $1.56 from $1.63; Q2 2027 to $1.65 from $1.71; Q3 2027 to $1.61 from $1.69). These reductions suggest Zacks expects weaker demand or margin pressure in the near‑to‑mid term.
• Negative Sentiment: FY revisions: FY2026 lowered to $5.80 (from $6.04) and FY2027 lowered to $6.33 (from $6.53). Those cuts reduce near‑term earnings visibility and are a negative for valuation if sustained.

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.