Stonehage Fleming Financial Services Holdings Ltd Makes New Investment in Timken Company (The) $TKR

Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Timken Company (The) (NYSE:TKR) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 4,600 shares of the industrial products company’s stock, valued at approximately $668,000.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Timken in the 2nd quarter valued at $869,997,000. Dimensional Fund Advisors LP lifted its stake in shares of Timken by 8.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock worth $290,320,000 after purchasing an additional 214,845 shares during the last quarter. UBS Group AG lifted its stake in shares of Timken by 734.7% during the 3rd quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after purchasing an additional 2,012,352 shares during the last quarter. Victory Capital Management Inc. boosted its position in Timken by 15.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,843,042 shares of the industrial products company’s stock valued at $155,055,000 after purchasing an additional 247,000 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Timken by 1.0% during the fourth quarter. Invesco Ltd. now owns 1,371,613 shares of the industrial products company’s stock valued at $115,394,000 after purchasing an additional 13,459 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

Wall Street Analyst Weigh In

TKR has been the topic of a number of analyst reports. Morgan Stanley set a $140.00 price objective on shares of Timken in a research report on Thursday, May 21st. Oppenheimer raised their price target on shares of Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Citigroup lifted their price objective on shares of Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. DA Davidson set a $130.00 price objective on shares of Timken in a report on Friday, August 14th. Finally, Weiss Ratings raised Timken from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 20th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Timken currently has an average rating of “Moderate Buy” and an average target price of $150.00.

Insiders Place Their Bets

In other news, Director Richard G. Kyle sold 13,637 shares of the stock in a transaction 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 sale, the director owned 183,724 shares in the company, valued at $23,264,970.12. This 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 through the SEC website. Also, Director Ajita G. Rajendra sold 8,450 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was 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 of the company’s stock, valued at approximately $2,656,351.50. This trade represents a 29.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.10% of the stock is owned by corporate insiders.

Timken Trading Down 1.4%

Timken stock opened at $124.41 on Friday. The stock has a 50-day moving average price of $135.44 and a 200 day moving average price of $120.23. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21. Timken Company has a 52 week low of $70.57 and a 52 week high of $146.37. 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) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.21. Timken had a net margin of 5.43% and a return on equity of 12.63%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company earned $1.12 EPS. Timken’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. Sell-side analysts anticipate that Timken Company will post 6.25 EPS for the current year.

Timken Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be issued 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 is 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.