Timken Company (The) $TKR Shares Purchased by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP increased its Timken stake by 168.9% in the second quarter, acquiring 32,598 additional shares for a total holding of 51,894 shares valued at approximately $7.54 million.
• Timken reported quarterly EPS of $1.83, exceeding estimates of $1.62, while revenue rose 7.5% year over year to $1.26 billion. The company issued fiscal 2026 EPS guidance of $6.05–$6.35.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $145.50; Timken also pays a quarterly dividend of $0.36 per share, yielding about 1.2%.

Corient Private Wealth LP boosted its stake in Timken Company (The) (NYSE:TKR - Free Report) by 168.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,894 shares of the industrial products company's stock after acquiring an additional 32,598 shares during the period. Corient Private Wealth LP owned about 0.07% of Timken worth $7,541,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TKR. Fifth Third Wealth Advisors LLC increased its position in Timken by 4.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,537 shares of the industrial products company's stock worth $255,000 after buying an additional 104 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Timken by 4.1% in the first quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company's stock valued at $299,000 after acquiring an additional 116 shares during the period. Sheets Smith Wealth Management boosted its holdings in shares of Timken by 2.2% in the second quarter. Sheets Smith Wealth Management now owns 6,079 shares of the industrial products company's stock valued at $883,000 after acquiring an additional 128 shares during the period. Parvin Asset Management LLC raised its position in Timken by 16.5% in the 1st quarter. Parvin Asset Management LLC now owns 920 shares of the industrial products company's stock valued at $93,000 after purchasing an additional 130 shares during the last quarter. Finally, Clearstead Advisors LLC boosted its stake in Timken by 130.3% during the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company's stock worth $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.

Timken Trading Up 0.0%

Shares of TKR stock opened at $116.71 on Friday. 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 $8.09 billion, a P/E ratio of 31.63, a P/E/G ratio of 1.29 and a beta of 1.21. The business has a fifty day simple moving average of $129.16 and a 200-day simple moving average of $121.46. The company has a quick ratio of 1.74, a current ratio of 3.10 and a debt-to-equity ratio of 0.61.

Timken (NYSE:TKR - Get Free Report) last issued its quarterly earnings data 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. Timken had a net margin of 5.43% and a return on equity of 12.63%. The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the company earned $1.12 EPS. The firm's revenue was up 7.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, analysts forecast 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 was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, August 18th. Timken's dividend payout ratio is currently 39.02%.

Analyst Ratings Changes

TKR has been the topic of several recent research reports. Oppenheimer set a $135.00 price target on Timken in a research report on Tuesday, September 1st. JPMorgan Chase & Co. increased their price objective on Timken from $150.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Morgan Stanley set a $140.00 target price on Timken in a report on Thursday, May 21st. KeyCorp upped their price target on Timken from $140.00 to $160.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. Finally, Jefferies Financial Group set a $135.00 price target on shares of Timken in a research note on Tuesday, September 1st. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Timken has an average rating of "Moderate Buy" and a consensus target price of $145.50.

Insider Activity

In related news, Director Richard Kyle sold 13,637 shares of the 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 sale, the director owned 183,724 shares of the company's stock, valued at $23,264,970.12. This trade represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.10% of the stock is owned by corporate insiders.

Timken Profile

Timken is an industrial technology company that designs and manufactures engineered bearings and motion-related products. Its offerings include tapered and spherical roller bearings, precision bearings, seals, lubrication systems, and other components used to reduce friction, support rotating equipment, and improve the performance and reliability of machinery.

The company also provides industrial motion products and services, including power transmission components, chain, belts, couplings, gear drives, linear motion systems, and related maintenance and engineering solutions.

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