Oliver Luxxe Assets LLC lowered its position in Timken Company (The) (NYSE:TKR – Free Report) by 38.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,129 shares of the industrial products company’s stock after selling 11,704 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Timken were worth $2,780,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Trust Point Inc. purchased a new stake in Timken in the 2nd quarter worth about $237,000. Elevation Wealth Partners LLC boosted its position in shares of Timken by 420.0% during the second quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company’s stock valued at $38,000 after buying an additional 210 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Timken during the second quarter valued at approximately $2,437,000. GAMMA Investing LLC grew its stake in shares of Timken by 20.5% during the second quarter. GAMMA Investing LLC now owns 1,666 shares of the industrial products company’s stock valued at $242,000 after buying an additional 283 shares during the last quarter. Finally, Moody National Bank Trust Division raised its holdings in shares of Timken by 95.0% in the second quarter. Moody National Bank Trust Division now owns 36,495 shares of the industrial products company’s stock worth $5,303,000 after buying an additional 17,778 shares during the period. 89.08% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. Oppenheimer raised their price target on Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Weiss Ratings lowered Timken from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. The Goldman Sachs Group lifted their target price on Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. DA Davidson assumed coverage on shares of Timken in a research note on Tuesday, June 16th. They set a “neutral” rating and a $130.00 target price for the company. Finally, Evercore restated an “outperform” rating and issued a $158.00 price target on shares of Timken in a report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $150.00.
Timken Stock Up 1.4%
Shares of NYSE:TKR opened at $130.41 on Friday. Timken Company has a 52-week low of $70.57 and a 52-week high of $146.37. The stock has a market cap of $9.04 billion, a P/E ratio of 35.34, a price-to-earnings-growth ratio of 1.54 and a beta of 1.21. The business’s 50 day moving average is $137.69 and its 200 day moving average is $116.94. The company has a quick ratio of 1.55, a current ratio of 3.10 and a debt-to-equity ratio of 0.61.
Timken (NYSE:TKR – Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.21. Timken had a return on equity of 12.63% and a net margin of 5.43%.The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company posted $1.12 EPS. Timken’s revenue was up 7.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Sell-side analysts predict that Timken Company will post 6.23 EPS for the current year.
Timken Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Tuesday, August 18th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, August 18th. Timken’s payout ratio is presently 39.02%.
Insider Activity
In other Timken news, Director Ajita G. Rajendra sold 8,450 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $131.34, for a total transaction of $1,109,823.00. Following the transaction, the director owned 20,225 shares of the company’s stock, valued at approximately $2,656,351.50. This trade represents a 29.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard G. Kyle sold 8,448 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $127.35, for a total transaction of $1,075,852.80. Following the completion of the sale, the director owned 197,361 shares of the company’s stock, valued at approximately $25,133,923.35. This represents a 4.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 8.10% of the company’s stock.
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.
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