Wealth High Governance Capital Ltda Has $7.06 Million Stock Position in Timken Company (The) $TKR

Wealth High Governance Capital Ltda lowered its position in Timken Company (The) (NYSE:TKR) by 43.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,183 shares of the industrial products company’s stock after selling 54,533 shares during the period. Timken comprises 2.1% of Wealth High Governance Capital Ltda’s holdings, making the stock its 22nd largest position. Wealth High Governance Capital Ltda’s holdings in Timken were worth $7,058,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Timken by 44.2% in the first quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock worth $6,508,000 after acquiring an additional 27,750 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Timken by 147.0% during the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Timken by 7.6% during the 1st 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 valued at $16,305,000 after purchasing an additional 16,000 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Timken by 18.7% in the 2nd quarter. Prudential Financial Inc. now owns 6,815 shares of the industrial products company’s stock valued at $494,000 after purchasing an additional 1,075 shares during the period. Finally, Invesco Ltd. grew its position in shares of Timken by 241.7% in the 2nd quarter. Invesco Ltd. now owns 604,879 shares of the industrial products company’s stock valued at $43,884,000 after purchasing an additional 427,879 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ajita G. Rajendra sold 8,450 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $131.34, for a total value of $1,109,823.00. Following the completion of the sale, the director owned 20,225 shares of the company’s stock, valued at approximately $2,656,351.50. This represents a 29.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard G. Kyle sold 37,181 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $117.34, for a total transaction of $4,362,818.54. Following the transaction, the director owned 206,455 shares in the company, valued at approximately $24,225,429.70. The trade was a 15.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 69,079 shares of company stock valued at $8,296,144 in the last 90 days. 8.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on TKR. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a report on Friday, July 17th. Morgan Stanley set a $140.00 price target on shares of Timken in a report on Thursday, May 21st. KeyCorp increased their price objective on shares of Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. raised their price objective on shares of Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Finally, The Goldman Sachs Group boosted their price objective on shares of Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $150.00.

Timken Trading Up 0.1%

Timken stock opened at $137.69 on Monday. The company has a market cap of $9.57 billion, a price-to-earnings ratio of 31.29, a P/E/G ratio of 1.64 and a beta of 1.21. The firm has a 50-day moving average of $136.97 and a 200-day moving average of $115.69. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.88 and a quick ratio of 1.55. Timken Company has a one year low of $70.57 and a one year high of $146.37.

Timken (NYSE:TKR) last released its earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.17. Timken had a return on equity of 11.84% and a net margin of 6.60%.The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the business earned $1.40 earnings per share. Timken’s quarterly revenue was up 8.0% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. On average, equities analysts expect that Timken Company will post 6.16 earnings per share for the current fiscal year.

Timken Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were paid a $0.36 dividend. This is a positive change from Timken’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, May 19th. Timken’s dividend payout ratio is 32.73%.

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.