SEC Form SC 13G filed by Timken Company

11/12/24 10:34:15 AM ET

Metal Fabrications

Industrials

Get the next $TKR alert in real time by email

SC 13G 1 filing.txt SCHEDULE 13G Amendment No.0 TIMKEN CO COMMON STOCK Cusip #887389104 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #887389104 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 4,798,366 Item 6: 0 Item 7: 4,816,658 Item 8: 0 Item 9: 4,816,658 Item 11: 6.867% Item 12: HC Cusip #887389104 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 4,816,658 Item 8: 0 Item 9: 4,816,658 Item 11: 6.867% Item 12: IN Item 1(a). Name of Issuer: TIMKEN CO Item 1(b). Address of Issuer's Principal Executive Offices: 4500 MT. PLEASANT ST. NW NORTH CANTON, OH 44720-5450 US Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 887389104 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 4,816,658 (b) Percent of Class: 6.867% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 4,816,658 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of TIMKEN CO. No one other person's interest in the COMMON STOCK of TIMKEN CO is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. November 8, 2024 Date /s/ Stephanie J. Brown Signature Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIAM LLC IA Fidelity Diversifying Solutions LLC IA Fidelity Institutional Asset Management Trust Company BK Fidelity Management & Research Company LLC * IA Fidelity Management Trust Company BK Strategic Advisers LLC IA * Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G. Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on November 8, 2024, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of TIMKEN CO at September 30, 2024. FMR LLC By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 26, 2023, by and on behalf of Abigail P. Johnson** * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.

Get the next $TKR alert in real time by email

Recent Analyst Ratings for

$TKR

Date	Price Target	Rating	Analyst
11/22/2024		Overweight → Sector Weight	KeyBanc Capital Markets
11/13/2024	$87.00 → $91.00	In-line → Outperform	Evercore ISI
10/14/2024	$90.00	Neutral	Citigroup
6/28/2024		Mkt Perform	Raymond James
2/20/2024	$84.00	Outperform → In-line	Evercore ISI
1/23/2024	$92.00	Buy	DA Davidson
1/8/2024	$74.00	Equal-Weight	Morgan Stanley
12/20/2023	$105.00 → $85.00	Buy → Hold	Jefferies

More analyst ratings

SEC Form SC 13G filed by Timken Company

Chat with this insight

Recent Analyst Ratings for $TKR

$TKR Press Releases

Fastest customizable press release news feed in the world

Timken to Participate in Upcoming Investor Conferences

Timken Declares Quarterly Dividend of 34 Cents Per Share

Timken Reports Third-Quarter 2024 Results

$TKR Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Timken downgraded by KeyBanc Capital Markets

Timken upgraded by Evercore ISI with a new price target

Citigroup initiated coverage on Timken with a new price target

$TKR Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Kyle Richard G gifted 355 shares, decreasing direct ownership by 0.22% to 161,366 units (SEC Form 4)

Director Kyle Richard G sold $2,459,921 worth of shares (32,764 units at $75.08), decreasing direct ownership by 17% to 161,721 units (SEC Form 4)

Director Kyle Richard G sold $2,297,748 worth of shares (30,000 units at $76.59), decreasing direct ownership by 13% to 194,485 units (SEC Form 4)

$TKR Market Insights

Live Market Insights

Analyst Ratings For Timken

Raymond James Initiates Coverage On Timken with Market Perform Rating

Assessing Timken: Insights From 5 Financial Analysts

$TKR Financials

Live finance-specific insights

Timken Declares Quarterly Dividend of 34 Cents Per Share

Timken Reports Third-Quarter 2024 Results

Timken to Announce Third-Quarter 2024 Financial Results on Nov. 5

$TKR SEC Filings

SEC Form 10-Q filed by Timken Company

Timken Company filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Timken Company filed SEC Form 8-K: Leadership Update

$TKR Leadership Updates

Live Leadership Updates

Tarak Mehta Appointed President and CEO of The Timken Company

Timken Adds Todd Leombruno, Parker Hannifin Executive VP and CFO, to its Board of Directors

Li-Cycle Provides Update on Annual General and Special Meeting Results

$TKR Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13G filed by Timken Company

SEC Form SC 13G/A filed by Timken Company (Amendment)

SEC Form SC 13G/A filed by Timken Company (Amendment)

Recent Analyst Ratings for
$TKR

$TKR
Press Releases

$TKR
Analyst Ratings

$TKR
Insider Trading

$TKR
Market Insights

$TKR
Financials

$TKR
SEC Filings

$TKR
Leadership Updates

$TKR
Large Ownership Changes