38,294 Shares in Timken Company (The) $TKR Bought by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP acquired a new position in shares of Timken Company (The) (NYSE:TKR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,294 shares of the industrial products company’s stock, valued at approximately $2,879,000. Hudson Bay Capital Management LP owned 0.05% of Timken as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. New York State Common Retirement Fund lifted 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 acquiring an additional 27,515 shares during the period. Keybank National Association OH increased its stake in Timken by 107.8% in the third quarter. Keybank National Association OH now owns 727,777 shares of the industrial products company’s stock valued at $54,714,000 after acquiring an additional 377,607 shares during the last quarter. Bank of New York Mellon Corp raised its position 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 purchasing an additional 385,389 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in Timken during the third quarter valued at approximately $22,624,000. Finally, Segall Bryant & Hamill LLC bought a new stake in Timken during the third quarter worth $8,107,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Timken

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

Timken Price Performance

Shares of TKR opened at $95.27 on Friday. The business has a 50-day moving average of $100.64 and a 200-day moving average of $87.03. 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 company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 1.40 and a beta of 1.18. Timken Company has a 1 year low of $56.20 and a 1 year high of $111.39.

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

Timken Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Tuesday, February 24th were given a dividend of $0.35 per share. The ex-dividend date was Tuesday, February 24th. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. Timken’s dividend payout ratio is 34.06%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TKR shares. Morgan Stanley lifted their price target on Timken from $105.00 to $116.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Oppenheimer set a $108.00 price objective on Timken in a research note on Thursday, February 5th. DA Davidson boosted their target price on Timken from $86.00 to $108.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of Timken from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $94.89.

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.