Oliver Luxxe Assets LLC Cuts Position in Timken Company (The) $TKR

Oliver Luxxe Assets LLC reduced its stake in shares of Timken Company (The) (NYSE:TKR) by 38.0% in the second quarter, HoldingsChannel reports. The firm owned 19,129 shares of the industrial products company’s stock after selling 11,704 shares during the period. Oliver Luxxe Assets LLC’s holdings in Timken were worth $2,780,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in Timken by 44.2% in 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 in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Timken by 147.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock worth $25,569,000 after buying 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 1st 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 worth $16,305,000 after acquiring an additional 16,000 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Timken by 18.7% during the 2nd quarter. Prudential Financial Inc. now owns 6,815 shares of the industrial products company’s stock worth $494,000 after acquiring an additional 1,075 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Timken by 241.7% during the second quarter. Invesco Ltd. now owns 604,879 shares of the industrial products company’s stock valued at $43,884,000 after acquiring an additional 427,879 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Weiss Ratings lowered Timken from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. DA Davidson assumed coverage on Timken in a research report on Tuesday, June 16th. They issued a “neutral” rating and a $130.00 price objective for the company. KeyCorp boosted their target price on Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Finally, Morgan Stanley set a $140.00 price target on Timken in a research note on Thursday, May 21st. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $150.00.

Timken Trading Up 1.4%

Shares of Timken stock opened at $130.41 on Friday. The firm’s 50 day simple moving average is $137.69 and its two-hundred day simple moving average is $116.94. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 1.54 and a beta of 1.21. Timken Company has a 12-month low of $70.57 and a 12-month high of $146.37. The company has a current ratio of 3.10, a quick ratio of 1.55 and a debt-to-equity ratio of 0.61.

Timken (NYSE:TKR) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.62 by $0.21. Timken had a net margin of 5.43% and a return on equity of 12.63%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm posted $1.12 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Analysts predict that Timken Company will post 6.23 EPS for the current year.

Timken Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, August 18th. Timken’s payout ratio is presently 39.02%.

Insider Activity

In other news, Director Richard G. Kyle sold 8,448 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $127.35, for a total value of $1,075,852.80. Following the transaction, the director directly owned 197,361 shares of the company’s stock, valued at approximately $25,133,923.35. This represents a 4.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ajita G. Rajendra sold 8,450 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $131.34, for a total value of $1,109,823.00. Following the completion of the transaction, the director owned 20,225 shares of the company’s stock, valued at approximately $2,656,351.50. The trade was a 29.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 8.10% of the stock is currently owned by insiders.

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.