Timken Company (The) $TKR Shares Sold by LSV Asset Management

LSV Asset Management lessened its stake in shares of Timken Company (The) (NYSE:TKR) by 15.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 344,492 shares of the industrial products company’s stock after selling 62,200 shares during the period. LSV Asset Management owned 0.49% of Timken worth $24,993,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TKR. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Timken by 1.3% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 61,262 shares of the industrial products company’s stock worth $4,445,000 after buying an additional 800 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of Timken by 14.7% in the second quarter. Westwood Holdings Group Inc. now owns 302,997 shares of the industrial products company’s stock worth $21,982,000 after acquiring an additional 38,842 shares during the last quarter. Creative Planning increased its position in shares of Timken by 15.2% during the second quarter. Creative Planning now owns 10,351 shares of the industrial products company’s stock worth $751,000 after purchasing an additional 1,366 shares in the last quarter. SG Americas Securities LLC acquired a new position in Timken in the 2nd quarter valued at $545,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Timken by 7.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,358 shares of the industrial products company’s stock valued at $1,187,000 after purchasing an additional 1,106 shares in the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Timken from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Evercore ISI set a $84.00 price target on shares of Timken and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a report on Wednesday, October 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $88.00 target price on shares of Timken in a research note on Thursday, October 30th. Finally, DA Davidson upped their price target on Timken from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Timken has an average rating of “Hold” and a consensus price target of $82.20.

Timken Price Performance

Timken stock opened at $74.44 on Wednesday. The company has a current ratio of 3.11, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $76.51 and a 200 day moving average price of $75.15. Timken Company has a 12-month low of $56.20 and a 12-month high of $84.43. The stock has a market cap of $5.18 billion, a P/E ratio of 17.60, a PEG ratio of 1.74 and a beta of 1.31.

Timken (NYSE:TKR) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.12. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Timken had a net margin of 6.54% and a return on equity of 11.88%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.23 EPS. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. Sell-side analysts anticipate that Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 25th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $1.40 annualized dividend and a yield of 1.9%. Timken’s dividend payout ratio (DPR) is 33.10%.

Timken Profile

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.