Oppenheimer Asset Management Inc. Sells 15,310 Shares of Timken Company (The) $TKR

Key Points

• Oppenheimer Asset Management trimmed its stake in Timken by 31.2%, selling 15,310 shares in Q4 and retaining 33,701 shares valued at about $2.84 million.
• Director Richard G. Kyle sold 19,636 shares on Feb. 20 at an average price of $107.99 (a 7.46% reduction), but still directly owns 243,636 shares worth roughly $26.31 million.
• Analysts are mixed: several firms raised targets (Oppenheimer to $117, Morgan Stanley to $119) but the consensus rating is a Hold with an average target of $105.86, while Timken beat quarterly EPS and set FY2026 guidance of $5.50–$6.00.

Oppenheimer Asset Management Inc. trimmed its position in Timken Company (The) (NYSE:TKR - Free Report) by 31.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,701 shares of the industrial products company's stock after selling 15,310 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Timken were worth $2,835,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. UBS Group AG lifted its stake in Timken by 734.7% in the 3rd quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company's stock valued at $171,880,000 after purchasing an additional 2,012,352 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Timken by 34.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,493,167 shares of the industrial products company's stock valued at $112,256,000 after purchasing an additional 385,389 shares during the last quarter. Cooke & Bieler LP lifted its stake in Timken by 28.6% in the 3rd quarter. Cooke & Bieler LP now owns 1,423,361 shares of the industrial products company's stock valued at $107,008,000 after purchasing an additional 316,380 shares during the last quarter. Invesco Ltd. lifted its stake in Timken by 124.5% in the 3rd quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company's stock valued at $102,106,000 after purchasing an additional 753,275 shares during the last quarter. Finally, Keybank National Association OH lifted its stake in Timken by 17.8% in the 4th quarter. Keybank National Association OH now owns 857,235 shares of the industrial products company's stock valued at $72,119,000 after purchasing an additional 129,458 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Richard G. Kyle sold 19,636 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $107.99, for a total transaction of $2,120,491.64. Following the transaction, the director directly owned 243,636 shares of the company's stock, valued at approximately $26,310,251.64. This trade represents a 7.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TKR. Oppenheimer raised their target price on shares of Timken from $108.00 to $117.00 and gave the company an "outperform" rating in a research note on Monday, April 20th. Morgan Stanley raised their target price on shares of Timken from $116.00 to $119.00 and gave the company an "overweight" rating in a research note on Monday, March 30th. DA Davidson raised their target price on shares of Timken from $86.00 to $108.00 and gave the company a "neutral" rating in a research note on Tuesday, February 10th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $100.00 target price on shares of Timken in a research note on Thursday, March 26th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Timken in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $105.86.

Timken Stock Up 0.0%

Timken stock opened at $109.01 on Monday. The stock has a market cap of $7.61 billion, a P/E ratio of 26.52, a P/E/G ratio of 1.59 and a beta of 1.18. The company has a quick ratio of 1.47, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. Timken Company has a twelve month low of $65.49 and a twelve month high of $111.64. The company's 50-day moving average price is $103.63 and its two-hundred day moving average price is $92.79.

Timken (NYSE:TKR - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.07 billion. Timken had a net margin of 6.29% and a return on equity of 11.52%. The business's revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.16 EPS. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, analysts expect that Timken Company will post 5.9 EPS for the current year.

Timken Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Tuesday, February 24th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, February 24th. Timken's dividend payout ratio is currently 34.06%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.