Rockefeller Capital Management L.P. Sells 56,360 Shares of Timken Company (The) $TKR

Rockefeller Capital Management L.P. reduced its stake in Timken Company (The) (NYSE:TKR) by 25.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 161,250 shares of the industrial products company’s stock after selling 56,360 shares during the period. Rockefeller Capital Management L.P.’s holdings in Timken were worth $13,566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Corient Private Wealth LLC lifted its position in shares of Timken by 112.6% during the 4th quarter. Corient Private Wealth LLC now owns 18,002 shares of the industrial products company’s stock worth $1,522,000 after buying an additional 9,534 shares during the period. Redwood Family Wealth LLC acquired a new stake in Timken in the 4th quarter valued at $210,000. DGS Capital Management LLC bought a new stake in Timken in the fourth quarter valued at $207,000. Invesco Ltd. raised its stake in Timken by 1.0% during the fourth quarter. Invesco Ltd. now owns 1,371,613 shares of the industrial products company’s stock worth $115,394,000 after acquiring an additional 13,459 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in Timken by 6.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 47,807 shares of the industrial products company’s stock worth $4,022,000 after acquiring an additional 2,939 shares in the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

Timken Stock Performance

Shares of NYSE:TKR opened at $138.05 on Thursday. The business has a fifty day moving average of $122.07 and a 200-day moving average of $105.65. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.55 and a current ratio of 2.88. Timken Company has a twelve month low of $70.57 and a twelve month high of $144.25. The firm has a market cap of $9.59 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 1.65 and a beta of 1.21.

Timken (NYSE:TKR) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.17. Timken had a net margin of 6.60% and a return on equity of 11.84%. 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 prior year, the company earned $1.40 EPS. The firm’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 research analysts predict that Timken Company will post 6.14 EPS for the current fiscal year.

Timken Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, May 19th. 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 dividend yield of 1.0%. Timken’s dividend payout ratio (DPR) is currently 32.73%.

Insider Transactions at Timken

In other news, Director Richard G. Kyle sold 37,181 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $117.34, for a total transaction of $4,362,818.54. Following the sale, the director directly owned 206,455 shares of the company’s stock, valued at $24,225,429.70. This represents a 15.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ajita G. Rajendra sold 8,450 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 69,079 shares of company stock worth $8,296,144. Corporate insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

TKR has been the subject of a number of analyst reports. DA Davidson assumed coverage on Timken in a report on Tuesday, June 16th. They set a “neutral” rating and a $130.00 price objective for the company. Evercore reiterated an “outperform” rating and set a $158.00 target price on shares of Timken in a research report on Monday, May 11th. Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Morgan Stanley set a $140.00 price target on shares of Timken in a research report on Thursday, May 21st. Finally, Oppenheimer upped their price objective on shares of Timken from $137.00 to $147.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. 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 stock presently has an average rating of “Moderate Buy” and an average price target of $141.62.

Timken Company 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.