Fairvoy Private Wealth LLC Sells 7,731 Shares of Timken Company (The) $TKR

Fairvoy Private Wealth LLC lowered its stake in shares of Timken Company (The) (NYSE:TKR) by 70.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,300 shares of the industrial products company’s stock after selling 7,731 shares during the quarter. Fairvoy Private Wealth LLC’s holdings in Timken were worth $385,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Segall Bryant & Hamill LLC boosted its stake in Timken by 29.9% in the first quarter. Segall Bryant & Hamill LLC now owns 451,516 shares of the industrial products company’s stock valued at $45,409,000 after acquiring an additional 103,904 shares during the last quarter. Nykredit A S bought a new position in shares of Timken during the 2nd quarter valued at approximately $75,623,000. Tocqueville Asset Management L.P. purchased a new stake in shares of Timken during the 2nd quarter worth approximately $4,506,000. State of Wyoming purchased a new stake in shares of Timken during the 2nd quarter worth approximately $1,466,000. Finally, Corient Private Wealth LP increased its stake in shares of Timken by 168.9% during the 2nd quarter. Corient Private Wealth LP now owns 51,894 shares of the industrial products company’s stock worth $7,541,000 after purchasing an additional 32,598 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Insider Activity

In other news, Director Richard Kyle sold 13,637 shares of the business’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 value 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. The trade was a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 8.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TKR has been the topic of a number of research reports. Bank of America raised shares of Timken from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $129.00 to $135.00 in a report on Tuesday, September 1st. Weiss Ratings raised Timken from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 20th. JPMorgan Chase & Co. increased their price objective on Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Wall Street Zen downgraded Timken from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Finally, The Goldman Sachs Group raised their target price on Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Timken presently has an average rating of “Moderate Buy” and an average target price of $145.00.

Timken Stock Performance

Timken stock traded up $0.23 during midday trading on Monday, reaching $112.62. The stock had a trading volume of 413,148 shares, compared to its average volume of 904,411. Timken Company has a 12 month low of $73.62 and a 12 month high of $146.37. The firm’s 50-day moving average price is $120.45 and its 200 day moving average price is $123.81. The firm has a market capitalization of $7.80 billion, a PE ratio of 30.52, a P/E/G ratio of 1.25 and a beta of 1.18. 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 released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.62 by $0.21. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, research analysts predict that Timken Company will post 6.25 earnings per share for the current fiscal year.

Timken Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.44 annualized dividend and a dividend yield of 1.3%. Timken’s payout ratio is 39.02%.

Timken Company Profile

Timken is an industrial manufacturer that designs and produces engineered bearings and power transmission products. Its offerings include tapered and spherical roller bearings, precision bearings, seals, lubrication systems, gears, belts, chains, couplings, and other components used to manage friction, motion, and power transmission.

The company serves customers across a range of industries, including industrial machinery, renewable energy, transportation, aerospace, defense, agriculture, construction, and energy.