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

Fairvoy Private Wealth LLC decreased its holdings in Timken Company (The) (NYSE:TKR) by 70.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Timken during the 2nd quarter worth approximately $869,997,000. Dimensional Fund Advisors LP lifted its holdings in shares of Timken by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock valued at $290,320,000 after purchasing an additional 214,845 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Timken in the second quarter valued at approximately $140,755,000. William Blair Investment Management LLC bought a new position in shares of Timken in the second quarter valued at approximately $138,757,000. Finally, Nykredit A S purchased a new position in shares of Timken during the second quarter valued at approximately $108,692,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Wall Street Analyst Weigh In

TKR has been the subject of several recent research reports. Citigroup decreased their price target on Timken from $160.00 to $140.00 and set a “buy” rating for the company in a report on Monday, October 12th. JPMorgan Chase & Co. raised their price objective on Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Oppenheimer restated an “outperform” rating and set a $150.00 price objective on shares of Timken in a research note on Thursday, October 1st. Wall Street Zen downgraded shares of Timken from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Finally, Weiss Ratings raised shares of Timken from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 20th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $145.00.

Timken Stock Up 0.2%

NYSE:TKR traded up $0.23 on Monday, hitting $112.62. The stock had a trading volume of 413,148 shares, compared to its average volume of 904,411. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10. The stock has a market cap of $7.80 billion, a P/E ratio of 30.52, a price-to-earnings-growth ratio of 1.25 and a beta of 1.18. Timken Company has a 1 year low of $73.62 and a 1 year high of $146.37. The firm’s fifty day simple moving average is $120.45 and its two-hundred day simple moving average is $123.81.

Timken (NYSE:TKR) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 EPS 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 firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the firm 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. Analysts predict that Timken Company will post 6.25 earnings per share for the current year.

Timken Announces Dividend

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

Insider Activity at Timken

In related news, Director Richard Kyle sold 13,637 shares of Timken stock in a transaction on Monday, August 10th. The stock was sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the sale, the director directly owned 183,724 shares in the company, valued at approximately $23,264,970.12. This trade represents a 6.91% 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. Insiders own 8.10% of the company’s stock.

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.