Jump Financial LLC Invests $259,000 in Timken Company (The) $TKR

Key Points

• Jump Financial LLC acquired 3,601 shares of Timken Company, valued at approximately $259,000, marking a new investment in the industrial products sector.
• Timken's recent quarterly earnings surpassed analysts' expectations, reporting $1.42 EPS against the consensus estimate of $1.34, despite a 0.8% decline in revenue year-over-year.
• The company has declared a quarterly dividend of $0.35, translating to an annualized yield of 1.9%, with a payout ratio of 31.82%.

Jump Financial LLC acquired a new stake in Timken Company (The) (NYSE:TKR - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,601 shares of the industrial products company's stock, valued at approximately $259,000.

A number of other large investors also recently modified their holdings of the company. Pinnacle Associates Ltd. increased its position in shares of Timken by 0.6% in the 1st quarter. Pinnacle Associates Ltd. now owns 25,605 shares of the industrial products company's stock valued at $1,840,000 after purchasing an additional 155 shares during the last quarter. Blue Trust Inc. increased its position in shares of Timken by 9.2% in the 1st quarter. Blue Trust Inc. now owns 2,050 shares of the industrial products company's stock valued at $147,000 after purchasing an additional 173 shares during the last quarter. Ethic Inc. increased its position in shares of Timken by 2.5% in the 1st quarter. Ethic Inc. now owns 7,056 shares of the industrial products company's stock valued at $485,000 after purchasing an additional 174 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Timken by 2.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,476 shares of the industrial products company's stock valued at $537,000 after purchasing an additional 188 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Timken by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 35,118 shares of the industrial products company's stock valued at $2,523,000 after purchasing an additional 190 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TKR. Evercore ISI set a $84.00 price objective on shares of Timken and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Citigroup increased their price objective on shares of Timken from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Finally, DA Davidson upped their target price on shares of Timken from $71.00 to $80.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $79.80.

Timken Stock Performance

NYSE:TKR traded up $0.37 during trading hours on Friday, reaching $77.79. 626,956 shares of the company's stock were exchanged, compared to its average volume of 590,484. The company has a quick ratio of 1.72, a current ratio of 3.13 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 1.70 and a beta of 1.25. Timken Company has a 1-year low of $56.20 and a 1-year high of $87.52. The company has a 50-day moving average of $77.19 and a 200 day moving average of $72.73.

Timken (NYSE:TKR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $1.42 earnings per share 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 the consensus estimate of $1.15 billion. Timken had a net margin of 6.86% and a return on equity of 11.78%. The business's quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.63 earnings per share. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. Research analysts anticipate that Timken Company will post 5.62 EPS for the current 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 given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, August 19th. Timken's payout ratio is 31.82%.

Timken Company 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.