Timken Company (The) $TKR Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its holdings in shares of Timken Company (The) (NYSE:TKR) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,796,526 shares of the industrial products company’s stock after selling 48,649 shares during the period. American Century Companies Inc. owned about 5.45% of Timken worth $285,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Cooke & Bieler LP raised its position in shares of Timken by 341.0% in the second quarter. Cooke & Bieler LP now owns 1,106,981 shares of the industrial products company’s stock worth $80,311,000 after acquiring an additional 855,961 shares during the period. Invesco Ltd. increased its stake in shares of Timken by 241.7% during the second quarter. Invesco Ltd. now owns 604,879 shares of the industrial products company’s stock worth $43,884,000 after purchasing an additional 427,879 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Timken by 57.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,107,778 shares of the industrial products company’s stock worth $80,369,000 after purchasing an additional 403,629 shares during the last quarter. Brandes Investment Partners LP lifted its stake in Timken by 358.8% in the 2nd quarter. Brandes Investment Partners LP now owns 513,641 shares of the industrial products company’s stock valued at $37,265,000 after buying an additional 401,694 shares in the last quarter. Finally, Keybank National Association OH boosted its holdings in Timken by 107.8% in the 3rd 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 during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TKR has been the subject of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price target on Timken from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Oppenheimer set a $108.00 price objective on shares of Timken in a report on Thursday, February 5th. Morgan Stanley raised their price objective on shares of Timken from $105.00 to $116.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Finally, DA Davidson boosted their target price on shares of Timken from $86.00 to $108.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $93.78.

Timken Stock Down 1.5%

Timken stock opened at $108.19 on Friday. The firm has a market capitalization of $7.52 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.61 and a beta of 1.21. The company has a current ratio of 2.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.56. Timken Company has a twelve month low of $56.20 and a twelve month high of $111.39. The stock’s fifty day simple moving average is $96.45 and its 200-day simple moving average is $84.51.

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

Timken Dividend Announcement

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

Insiders Place Their Bets

In other Timken news, Director Richard G. Kyle sold 19,636 shares of Timken stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $107.99, for a total transaction of $2,120,491.64. Following the completion of the sale, the director directly owned 243,636 shares of the company’s stock, valued at $26,310,251.64. The trade was a 7.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.70% of the stock is currently owned by corporate insiders.

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.