Empowered Funds LLC Makes New $9.42 Million Investment in Timken Company (The) $TKR

Empowered Funds LLC purchased a new stake in shares of Timken Company (The) (NYSE:TKR) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 64,831 shares of the industrial products company’s stock, valued at approximately $9,421,000.

Other hedge funds have also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd purchased a new position in Timken in the 4th quarter worth approximately $25,000. Clearstead Advisors LLC grew its holdings in Timken by 130.3% during the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock valued at $26,000 after buying an additional 172 shares in the last quarter. Allworth Financial LP purchased a new stake in Timken during the 2nd quarter valued at approximately $37,000. Elevation Wealth Partners LLC raised its position in shares of Timken by 420.0% during the second quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company’s stock valued at $38,000 after buying an additional 210 shares during the last quarter. Finally, Trust Co. of Vermont purchased a new position in shares of Timken in the second quarter worth $41,000. Institutional investors own 89.08% of the company’s stock.

Insiders Place Their Bets

In other Timken news, Director Richard G. Kyle sold 13,637 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 183,724 shares in the company, valued at approximately $23,264,970.12. The trade was a 6.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ajita G. Rajendra sold 8,450 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $131.34, for a total transaction of $1,109,823.00. Following the sale, the director directly owned 20,225 shares of the company’s stock, valued at approximately $2,656,351.50. The trade was a 29.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 8.10% of the company’s stock.

Timken Price Performance

TKR opened at $121.05 on Friday. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 1.42 and a beta of 1.21. The company has a current ratio of 3.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61. Timken Company has a 12-month low of $70.57 and a 12-month high of $146.37. The business’s fifty day simple moving average is $135.03 and its 200-day simple moving average is $120.23.

Timken (NYSE:TKR) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.21. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. Timken had a return on equity of 12.63% and a net margin of 5.43%.The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, equities research analysts anticipate that Timken Company will post 6.25 earnings per share for the current fiscal year.

Timken Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were issued a $0.36 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.2%. Timken’s dividend payout ratio (DPR) is currently 39.02%.

Wall Street Analysts Forecast Growth

TKR has been the subject of a number of research reports. Citigroup upped their target price on shares of Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings raised shares of Timken from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 20th. Oppenheimer raised their price objective on Timken from $147.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. KeyCorp boosted their target price on Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Finally, JPMorgan Chase & Co. raised their price target on Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $150.00.

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.