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

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its position in shares of Timken Company (The) (NYSE:TKR) by 31.9% in the 3rd quarter, HoldingsChannel reports. 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’s holdings in Timken were worth $4,170,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TKR. BlackRock Inc. bought a new position in shares of Timken during the 2nd quarter valued at about $869,997,000. Dimensional Fund Advisors LP raised its holdings in shares of Timken by 8.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock valued at $290,320,000 after buying an additional 214,845 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Timken in the 2nd quarter worth approximately $140,755,000. William Blair Investment Management LLC bought a new stake in Timken in the 2nd quarter worth approximately $138,757,000. Finally, Nykredit A S bought a new stake in Timken in the 2nd quarter worth approximately $108,692,000. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Timken Stock Performance

NYSE:TKR opened at $109.26 on Monday. 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 Company has a fifty-two week low of $73.62 and a fifty-two week high of $146.37. The firm has a market cap of $7.57 billion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 1.21 and a beta of 1.18. The business has a 50 day moving average price of $118.63 and a 200-day moving average price of $124.22.

Timken (NYSE:TKR) last issued 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. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Equities research analysts predict that Timken Company will post 6.25 earnings per share for the current year.

Timken Dividend Announcement

The company also recently disclosed 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 1.3%. The ex-dividend date of this dividend was Tuesday, August 18th. Timken’s dividend payout ratio is 39.02%.

Analyst Ratings Changes

A number of brokerages have commented on TKR. Wall Street Zen cut shares of Timken from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. The Goldman Sachs Group boosted their price objective on shares of Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. KeyCorp upped their price objective on shares of Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Bank of America raised shares of Timken from a “neutral” rating to a “buy” rating and increased their target price for the company from $129.00 to $135.00 in a report on Tuesday, September 1st. Finally, Citigroup decreased their target price on shares of Timken from $160.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $145.00.

Insider Activity at Timken

In other Timken news, Director Richard Kyle sold 13,637 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director owned 183,724 shares of the company’s stock, valued at $23,264,970.12. This represents a 6.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company 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.