Corient Private Wealth LP Takes $7.75 Million Position in Timken Company (The) $TKR

Key Points

• Corient Private Wealth LP purchased 53,300 Timken shares worth approximately $7.75 million, representing a 0.08% stake; institutional investors collectively own 89.08% of the company.
• Analysts maintain a positive outlook, with six Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $150.
• Timken exceeded quarterly expectations with $1.83 in EPS and $1.26 billion in revenue, while maintaining a $0.36 quarterly dividend, equivalent to a 1.2% annual yield.

Corient Private Wealth LP bought a new position in shares of Timken Company (The) (NYSE:TKR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 53,300 shares of the industrial products company's stock, valued at approximately $7,745,000. Corient Private Wealth LP owned 0.08% of Timken as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP purchased a new stake in Timken during the 2nd quarter valued at approximately $37,000. Elevation Wealth Partners LLC lifted its position in Timken by 420.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company's stock worth $38,000 after acquiring an additional 210 shares during the period. Trust Co. of Vermont purchased a new position in shares of Timken in the 2nd quarter valued at approximately $41,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Timken in the 4th quarter valued at approximately $25,000. Finally, Clearstead Advisors LLC increased its holdings in shares of Timken by 130.3% in the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 172 shares during the period. Hedge funds and other institutional investors own 89.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Morgan Stanley set a $140.00 price target on Timken in a research note on Thursday, May 21st. Evercore reiterated an "outperform" rating and issued a $158.00 price objective on shares of Timken in a research report on Monday, May 11th. The Goldman Sachs Group boosted their price objective on shares of Timken from $128.00 to $142.00 and gave the company a "neutral" rating in a research note on Friday, July 10th. Weiss Ratings raised Timken from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, August 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of Timken from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, July 13th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $150.00.

Insider Buying and Selling

In other Timken news, Director Ajita G. Rajendra sold 8,450 shares of the 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 transaction, the director directly owned 20,225 shares in the company, valued at $2,656,351.50. This represents a 29.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard G. Kyle sold 13,637 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the transaction, the director directly owned 183,724 shares of the company's stock, valued at approximately $23,264,970.12. This represents a 6.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 8.10% of the stock is currently owned by company insiders.

Timken Trading Up 0.2%

NYSE TKR opened at $121.05 on Monday. Timken Company has a 12 month low of $70.57 and a 12 month high of $146.37. 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 50-day moving average of $135.03 and a 200-day moving average of $120.31. The company has a market cap of $8.39 billion, a P/E ratio of 32.80, a P/E/G ratio of 1.42 and a beta of 1.21.

Timken (NYSE:TKR - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.21. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. Timken had a return on equity of 12.63% and a net margin of 5.43%.The company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $1.12 EPS. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, equities analysts predict that Timken Company will post 6.25 earnings per share for the current year.

Timken Dividend Announcement

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

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.

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