Lazard Asset Management LLC boosted its stake in Timken Company (The) (NYSE:TKR – Free Report) by 330.4% in the first quarter, Holdings Channel reports. The firm owned 22,947 shares of the industrial products company’s stock after purchasing an additional 17,615 shares during the quarter. Lazard Asset Management LLC’s holdings in Timken were worth $2,308,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Gordian Capital Singapore Pte Ltd acquired a new stake in Timken during the fourth quarter worth about $25,000. Clearstead Advisors LLC lifted its holdings in shares of Timken by 130.3% during the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 172 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Timken during the 4th quarter worth approximately $31,000. Kestra Investment Management LLC acquired a new stake in shares of Timken during the 2nd quarter worth approximately $42,000. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Timken by 11,500.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 580 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 575 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.
Insider Activity
In related news, Director John M. Timken, Jr. sold 15,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $116.51, for a total transaction of $1,747,650.00. Following the sale, the director owned 264,744 shares in the company, valued at $30,845,323.44. The trade was a 5.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard G. Kyle sold 37,181 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $117.34, for a total value of $4,362,818.54. Following the completion of the transaction, the director directly owned 206,455 shares of the company’s stock, valued at approximately $24,225,429.70. The trade was a 15.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 69,079 shares of company stock worth $8,296,144. Insiders own 8.10% of the company’s stock.
Timken Trading Up 0.1%
Timken (NYSE:TKR – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.50 by $0.17. Timken had a net margin of 6.60% and a return on equity of 11.84%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm earned $1.40 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Equities research analysts forecast that Timken Company will post 6.16 earnings per share for the current fiscal year.
Timken Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, May 19th. This is a positive change from Timken’s previous quarterly dividend of $0.35. Timken’s dividend payout ratio is currently 32.73%.
Wall Street Analyst Weigh In
Several research analysts have commented on TKR shares. Morgan Stanley set a $140.00 price objective on shares of Timken in a research report on Thursday, May 21st. JPMorgan Chase & Co. raised their target price on Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Citigroup lifted their price target on Timken from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. KeyCorp boosted their price target on Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Finally, Oppenheimer upped their price objective on Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $150.00.
View Our Latest Research Report on TKR
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.
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