110,445 Shares in Timken Company (The) $TKR Purchased by Wealth High Governance Capital Ltda

Wealth High Governance Capital Ltda acquired a new stake in shares of Timken Company (The) (NYSE:TKR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 110,445 shares of the industrial products company’s stock, valued at approximately $16,050,000. Timken comprises about 4.8% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its 4th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TKR. Fifth Third Wealth Advisors LLC increased its stake in shares of Timken by 4.3% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,537 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 104 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Timken by 4.1% during the 1st quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock valued at $299,000 after buying an additional 116 shares in the last quarter. Parvin Asset Management LLC boosted its holdings in Timken by 16.5% in the 1st quarter. Parvin Asset Management LLC now owns 920 shares of the industrial products company’s stock worth $93,000 after buying an additional 130 shares during the period. Quadrant Capital Group LLC boosted its holdings in Timken by 3.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,319 shares of the industrial products company’s stock worth $325,000 after buying an additional 132 shares during the period. Finally, Hilltop Holdings Inc. grew its stake in Timken by 3.7% in the 3rd quarter. Hilltop Holdings Inc. now owns 3,997 shares of the industrial products company’s stock valued at $300,000 after buying an additional 142 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

Timken Trading Down 0.0%

Timken stock opened at $125.07 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10. Timken Company has a fifty-two week low of $70.57 and a fifty-two week high of $146.37. The stock has a market cap of $8.67 billion, a P/E ratio of 33.89, a PEG ratio of 1.47 and a beta of 1.21. The firm’s fifty day moving average price is $136.75 and its 200-day moving average price is $119.58.

Timken (NYSE:TKR) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.21. Timken had a return on equity of 12.63% and a net margin of 5.43%.The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the company earned $1.12 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Equities research analysts forecast that Timken Company will post 6.26 earnings per share for the current fiscal year.

Timken Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, August 18th. Timken’s dividend payout ratio (DPR) is 39.02%.

Analyst Ratings Changes

Several equities research analysts have issued reports on TKR shares. Evercore restated an “outperform” rating and set a $158.00 target price on shares of Timken in a research report on Monday, May 11th. DA Davidson set a $130.00 price objective on Timken in a report on Friday, August 14th. Oppenheimer increased their price objective on Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Citigroup lifted their target price on Timken from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group increased their price target on shares of Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Six equities 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 target price of $150.00.

Insider Transactions at Timken

In related news, Director Richard G. Kyle sold 13,637 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $126.63, for a total value of $1,726,853.31. Following the transaction, the director directly owned 183,724 shares in the company, valued at approximately $23,264,970.12. This represents a 6.91% decrease in their ownership of the stock. The transaction 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 that occurred 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 sale, the director directly owned 20,225 shares in the company, valued at $2,656,351.50. This represents a 29.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 30,535 shares of company stock valued at $3,912,529. Corporate insiders own 8.10% 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.