Timken Company (The) $TKR Shares Sold by Wealth High Governance Asset Management Ltda.

Wealth High Governance Asset Management Ltda. trimmed its holdings in Timken Company (The) (NYSE:TKR) by 15.5% during the first quarter, Holdings Channel.com reports. The fund owned 59,634 shares of the industrial products company’s stock after selling 10,934 shares during the period. Timken accounts for 2.1% of Wealth High Governance Asset Management Ltda.’s investment portfolio, making the stock its 22nd largest holding. Wealth High Governance Asset Management Ltda.’s holdings in Timken were worth $5,997,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Timken in the fourth quarter valued at about $25,000. Clearstead Advisors LLC grew its holdings in Timken by 130.3% during the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock valued at $26,000 after buying an additional 172 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Timken during the 4th quarter valued at $31,000. Kestra Investment Management LLC acquired a new position in shares of Timken in the second quarter worth $42,000. Finally, Danske Bank A S purchased a new stake in shares of Timken in the third quarter valued at $45,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Trading Up 0.1%

Shares of TKR opened at $137.69 on Monday. Timken Company has a twelve month low of $70.57 and a twelve month high of $146.37. The firm has a market capitalization of $9.57 billion, a P/E ratio of 31.29, a price-to-earnings-growth ratio of 1.64 and a beta of 1.21. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.60. The stock’s fifty day simple moving average is $136.97 and its 200 day simple moving average is $115.69.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. Timken had a return on equity of 11.84% and a net margin of 6.60%.The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. On average, equities research analysts forecast that Timken Company will post 6.16 earnings per share for the current year.

Timken Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were issued a $0.36 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $1.44 annualized dividend and a yield of 1.0%. This is an increase from Timken’s previous quarterly dividend of $0.35. Timken’s payout ratio is currently 32.73%.

Insider Buying and Selling at Timken

In related news, Director John M. Timken, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 264,744 shares of the company’s stock, valued at approximately $30,845,323.44. The trade was a 5.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ajita G. Rajendra sold 8,450 shares of the company’s stock in a transaction on 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 completion of the transaction, the director owned 20,225 shares of the company’s stock, valued at $2,656,351.50. This trade represents a 29.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 69,079 shares of company stock valued at $8,296,144 over the last three months. 8.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on TKR. Evercore reiterated an “outperform” rating and set a $158.00 price objective on shares of Timken in a research report on Monday, May 11th. DA Davidson started coverage on shares of Timken in a research report on Tuesday, June 16th. They issued a “neutral” rating and a $130.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a research report on Friday, July 17th. Finally, Morgan Stanley set a $140.00 price objective on Timken in a report on Thursday, May 21st. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $150.00.

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.