EP Wealth Advisors LLC Buys Shares of 6,901 Timken Company (The) $TKR

EP Wealth Advisors LLC purchased a new stake in Timken Company (The) (NYSE:TKR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,901 shares of the industrial products company’s stock, valued at approximately $1,003,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Callan Family Office LLC purchased a new position in Timken during the second quarter valued at approximately $1,840,000. Presper Financial Architects LLC bought a new stake in Timken during the 2nd quarter valued at $220,000. Allworth Financial LP bought a new stake in Timken during the 2nd quarter valued at $37,000. Ceredex Value Advisors LLC purchased a new position in shares of Timken in the 2nd quarter valued at $9,925,000. Finally, Oxford Financial Group LTD. LLC bought a new position in shares of Timken in the 2nd quarter worth $383,000. 89.08% of the stock is currently owned by institutional investors.

Timken Stock Down 0.0%

Shares of TKR stock opened at $125.07 on Monday. Timken Company has a 1-year low of $70.57 and a 1-year high of $146.37. The stock’s fifty day moving average price is $136.75 and its 200 day moving average price is $119.58. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.10 and a quick ratio of 1.74. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 1.47 and a beta of 1.21.

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

Timken Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Tuesday, August 18th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 18th. Timken’s dividend payout ratio (DPR) is presently 39.02%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TKR. The Goldman Sachs Group upped their price objective on Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Morgan Stanley set a $140.00 target price on shares of Timken in a report on Thursday, May 21st. Citigroup increased their price target on shares of Timken from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings raised shares of Timken from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Finally, Oppenheimer boosted their price objective on shares of Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $150.00.

Insider Buying and Selling

In other Timken news, Director Ajita G. Rajendra sold 8,450 shares of the business’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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $1,726,853.31. Following the transaction, the director owned 183,724 shares in the company, valued at $23,264,970.12. The trade was a 6.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,535 shares of company stock valued at $3,912,529 over the last quarter. 8.10% of the stock is owned by company 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.