Timken Company (The) $TKR Stock: Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Reduces Position

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its position in Timken Company (The) (NYSE:TKR) by 31.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,715 shares of the industrial products company’s stock after selling 16,695 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.05% of Timken worth $4,170,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Segall Bryant & Hamill LLC raised its holdings in Timken by 29.9% during the 1st 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 period. Nykredit A S bought a new position in shares of Timken in the second quarter worth $108,692,000. Tocqueville Asset Management L.P. bought a new position in shares of Timken in the second quarter worth $4,506,000. State of Wyoming purchased a new position in shares of Timken in the second quarter valued at $1,466,000. Finally, TD Waterhouse Canada Inc. grew its position in shares of Timken by 55.3% in the second quarter. TD Waterhouse Canada Inc. now owns 178,506 shares of the industrial products company’s stock valued at $25,320,000 after purchasing an additional 63,553 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Analyst Ratings Changes

TKR has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Citigroup reduced their target price on Timken from $160.00 to $140.00 and set a “buy” rating for the company in a report on Monday, October 12th. DA Davidson set a $130.00 price target on Timken in a research report on Friday, August 14th. Oppenheimer reissued an “outperform” rating and issued a $150.00 price target on shares of Timken in a report on Thursday, October 1st. Finally, Bank of America upgraded shares of Timken from a “neutral” rating to a “buy” rating and raised their price objective for the company from $129.00 to $135.00 in a research report on Tuesday, September 1st. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.00.

Insider Buying and Selling at Timken

In related news, Director Richard Kyle sold 13,637 shares of the firm’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 directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 8.10% of the company’s stock.

Timken Price Performance

NYSE:TKR opened at $109.26 on Monday. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 29.61, a P/E/G ratio of 1.21 and a beta of 1.18. Timken Company has a 52-week low of $73.62 and a 52-week high of $146.37. The stock has a fifty day moving average of $118.63 and a 200 day moving average of $124.22. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10.

Timken (NYSE:TKR) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, topping 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 business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company earned $1.12 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, research analysts expect that Timken Company will post 6.25 EPS for the current fiscal year.

Timken Announces Dividend

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

About Timken

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.