Allspring Global Investments Holdings LLC Decreases Stock Holdings in Timken Company (The) $TKR

Allspring Global Investments Holdings LLC lowered its position in shares of Timken Company (The) (NYSE:TKR) by 29.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 244,625 shares of the industrial products company’s stock after selling 100,768 shares during the period. Allspring Global Investments Holdings LLC owned about 0.35% of Timken worth $21,109,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in Timken by 44.2% during the first quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock worth $6,508,000 after purchasing an additional 27,750 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Timken by 147.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock valued at $25,569,000 after purchasing an additional 211,718 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Timken by 7.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,872 shares of the industrial products company’s stock valued at $16,305,000 after purchasing an additional 16,000 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Timken by 18.7% in the 2nd quarter. Prudential Financial Inc. now owns 6,815 shares of the industrial products company’s stock worth $494,000 after buying an additional 1,075 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Timken by 11.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,345 shares of the industrial products company’s stock worth $243,000 after purchasing an additional 355 shares in the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on TKR. DA Davidson increased their target price on shares of Timken from $86.00 to $108.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Citigroup increased their price objective on shares of Timken from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price objective on shares of Timken in a report on Thursday, March 26th. Finally, Morgan Stanley boosted their price objective on shares of Timken from $116.00 to $119.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $98.38.

Timken Stock Performance

Shares of TKR opened at $98.89 on Friday. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.47 and a current ratio of 2.82. The stock’s 50-day simple moving average is $101.96 and its 200 day simple moving average is $88.51. Timken Company has a 52-week low of $56.20 and a 52-week high of $111.39.

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

Timken Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Tuesday, February 24th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, February 24th. Timken’s dividend payout ratio is presently 34.06%.

Insider Transactions at Timken

In other news, Director Richard G. Kyle sold 19,636 shares of the business’s 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 sale, the director 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 legal filing with the SEC, which is available at this link. Company insiders own 8.70% of the company’s stock.

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.