Vanguard Portfolio Management Reports 5.08% Stake In Timken
The Vanguard unit holds 3,523,069 shares of the bearings maker, with the position measured as of September 30.
Vanguard Portfolio Management, an investment-adviser arm of Vanguard, holds a 5.08% stake in Timken, which makes engineered bearings and industrial motion products, according to a passive ownership filing (Schedule 13G) submitted Friday. The position totals 3,523,069 common shares as of September 30.
Votes held, control not sought
Vanguard Portfolio Management has sole voting power over just 9,409 of the shares and no shared voting power. It has sole power to dispose of all 3,523,069.
The 5.08% figure counts anything the holder could acquire within 60 days in both its holding and the share base. In the filing, the Vanguard unit certifies the shares were acquired and are held in the ordinary course of business, not to change or influence control of Timken.
The filing covers shares held by Vanguard funds, or portions of them, over which the unit exercises dispositive power, plus client holdings managed by affiliates Vanguard Fiduciary Trust Company and Vanguard Global Advisers.
A bearings maker down 4.19%
Timken shares traded at $110.02 in Friday trading, down 4.19% from the prior close of $114.83, giving the company a market value of about $8.0 billion.
Timken, based in Canton, Ohio, sells bearings, gear drives, lubrication systems, belts, chain, couplings, seals and repair services to customers from distribution to aerospace and mining. It operates in 44 countries, and no single customer accounts for more than 5% of net sales, according to its 10-K for 2025.
Over the latest twelve months its free cash flow was $366.2 million, according to a Yahoo Finance commentary.
Timken is due to report third-quarter results on November 4, and a Yahoo Finance preview put consensus at $1.47 per share on revenue of $1.21 billion.
