Inspire Investing LLC Boosts Stake in Timken Company (The) $TKR

Inspire Investing LLC increased its stake in shares of Timken Company (The) (NYSE:TKR) by 12.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,364 shares of the industrial products company’s stock after purchasing an additional 578 shares during the period. Inspire Investing LLC’s holdings in Timken were worth $389,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TKR. Livelsberger Financial Advisory purchased a new position in shares of Timken during the 2nd quarter worth approximately $28,000. Steph & Co. purchased a new position in shares of Timken during the 2nd quarter worth approximately $37,000. Hilltop National Bank purchased a new position in Timken in the 2nd quarter valued at approximately $74,000. GAMMA Investing LLC boosted its position in Timken by 282.3% in the 1st quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company’s stock valued at $82,000 after buying an additional 847 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Timken by 664.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,208 shares of the industrial products company’s stock valued at $88,000 after buying an additional 1,050 shares during the period. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Price Performance

Timken stock opened at $74.68 on Thursday. The stock has a market cap of $5.20 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 1.63 and a beta of 1.26. The company has a fifty day simple moving average of $76.42 and a 200-day simple moving average of $72.59. Timken Company has a 12-month low of $56.20 and a 12-month high of $87.52. The company has a current ratio of 3.13, a quick ratio of 1.72 and a debt-to-equity ratio of 0.65.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.08. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Timken had a net margin of 6.86% and a return on equity of 11.78%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 EPS. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. Equities analysts expect that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Tuesday, August 19th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.9%. The ex-dividend date was Tuesday, August 19th. Timken’s dividend payout ratio (DPR) is currently 31.82%.

Analyst Upgrades and Downgrades

TKR has been the subject of several recent research reports. Evercore ISI set a $84.00 price target on shares of Timken and gave the company an “outperform” rating in a research report on Tuesday, August 19th. Citigroup raised their price target on shares of Timken from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. initiated coverage on shares of Timken in a research report on Monday, September 15th. They issued a “neutral” rating and a $80.00 price target for the company. DA Davidson raised their price target on shares of Timken from $71.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Timken has an average rating of “Hold” and a consensus target price of $80.73.

About Timken

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.