Oliver Luxxe Assets LLC Purchases New Stake in Timken Company (The) $TKR

Oliver Luxxe Assets LLC purchased a new stake in shares of Timken Company (The) (NYSE:TKR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 23,657 shares of the industrial products company’s stock, valued at approximately $1,990,000.

Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. bought a new position in shares of Timken in the third quarter valued at $25,000. SJS Investment Consulting Inc. grew its holdings in shares of Timken by 4,512.5% during the third quarter. SJS Investment Consulting Inc. now owns 369 shares of the industrial products company’s stock valued at $28,000 after buying an additional 361 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of Timken during the second quarter valued at about $42,000. Danske Bank A S bought a new stake in shares of Timken during the third quarter worth about $45,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Timken by 1,954.3% during the second quarter. EverSource Wealth Advisors LLC now owns 719 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 684 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Stock Down 2.2%

TKR opened at $95.27 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.82 and a quick ratio of 1.47. The company’s 50-day moving average is $100.64 and its 200 day moving average is $87.03. Timken Company has a fifty-two week low of $56.20 and a fifty-two week high of $111.39. The firm has a market capitalization of $6.65 billion, a P/E ratio of 23.18, a PEG ratio of 1.40 and a beta of 1.18.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. Timken had a net margin of 6.29% and a return on equity of 11.52%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 EPS. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. Research analysts expect that Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Tuesday, February 24th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, February 24th. Timken’s payout ratio is presently 34.06%.

Insider Activity

In related news, Director Richard G. Kyle sold 19,636 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $107.99, for a total transaction of $2,120,491.64. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this link. 8.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TKR has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research report on Wednesday, January 21st. Oppenheimer set a $108.00 price objective on Timken in a report on Thursday, February 5th. DA Davidson increased their price objective on Timken from $86.00 to $108.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. JPMorgan Chase & Co. raised their target price on Timken from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Finally, Morgan Stanley lifted their target price on Timken from $105.00 to $116.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $94.89.

Timken 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.