Empowered Funds LLC Makes New Investment in Timken Company (The) $TKR

Empowered Funds LLC purchased a new stake in shares of Timken Company (The) (NYSE:TKR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 64,831 shares of the industrial products company’s stock, valued at approximately $9,421,000. Empowered Funds LLC owned 0.09% of Timken as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada increased its stake in Timken by 44.2% in the 1st quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock worth $6,508,000 after purchasing an additional 27,750 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Timken by 147.0% during the first quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock valued at $25,569,000 after purchasing an additional 211,718 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Timken by 7.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,872 shares of the industrial products company’s stock worth $16,305,000 after purchasing an additional 16,000 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Timken by 18.7% in the second quarter. Prudential Financial Inc. now owns 6,815 shares of the industrial products company’s stock worth $494,000 after buying an additional 1,075 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Timken by 241.7% in the second quarter. Invesco Ltd. now owns 604,879 shares of the industrial products company’s stock worth $43,884,000 after buying an additional 427,879 shares during the period. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Timken Trading Down 2.8%

Timken stock opened at $121.05 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.10 and a quick ratio of 1.74. The business’s fifty day moving average is $135.03 and its 200 day moving average is $120.23. Timken Company has a one year low of $70.57 and a one year high of $146.37. The stock has a market capitalization of $8.39 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21.

Timken (NYSE:TKR) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.21. Timken had a return on equity of 12.63% and a net margin of 5.43%.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 earnings per share. Timken’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, sell-side analysts predict that Timken Company will post 6.25 EPS for the current 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 paid a dividend of $0.36 per share. 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 (DPR) is currently 39.02%.

Insiders Place Their Bets

In other news, Director Richard G. Kyle sold 13,637 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ajita G. Rajendra sold 8,450 shares of Timken stock in a transaction on Friday, June 5th. The shares were sold at an average price of $131.34, for a total value of $1,109,823.00. Following the transaction, the director owned 20,225 shares in the company, valued at $2,656,351.50. This trade represents a 29.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 8.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. DA Davidson set a $130.00 price target on shares of Timken in a research report on Friday, August 14th. JPMorgan Chase & Co. increased their target price on shares of Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Weiss Ratings raised Timken from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 20th. Morgan Stanley set a $140.00 price target on Timken in a research report on Thursday, May 21st. Finally, Evercore reiterated an “outperform” rating and issued a $158.00 price objective on shares of Timken in a research report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $150.00.

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.