EntryPoint Capital LLC Takes Position in Timken Company (The) $TKR

Key Points

• EntryPoint Capital LLC acquired 6,095 shares of Timken Company, valued at approximately $438,000, in the first quarter, highlighting growing institutional interest in the stock.
• Timken reported a quarterly EPS of $1.42, surpassing estimates, with a revenue of $1.17 billion, although experiencing a slight year-over-year decline.
• Analysts have updated their price targets for Timken, with a consensus target of $79.80 and ratings ranging from "Buy" to "Hold."

EntryPoint Capital LLC acquired a new position in Timken Company (The) (NYSE:TKR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,095 shares of the industrial products company's stock, valued at approximately $438,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TKR. Fuller & Thaler Asset Management Inc. lifted its stake in Timken by 7.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,378,229 shares of the industrial products company's stock worth $99,053,000 after purchasing an additional 93,216 shares in the last quarter. Quantbot Technologies LP lifted its stake in Timken by 14.8% in the 1st quarter. Quantbot Technologies LP now owns 33,938 shares of the industrial products company's stock worth $2,439,000 after purchasing an additional 4,371 shares in the last quarter. Northern Trust Corp lifted its stake in Timken by 8.4% in the 1st quarter. Northern Trust Corp now owns 662,696 shares of the industrial products company's stock worth $47,628,000 after purchasing an additional 51,183 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Timken by 5.1% in the 1st quarter. Raymond James Financial Inc. now owns 212,935 shares of the industrial products company's stock worth $15,304,000 after purchasing an additional 10,327 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Timken by 7.3% in the 1st quarter. American Century Companies Inc. now owns 3,390,125 shares of the industrial products company's stock worth $243,648,000 after purchasing an additional 231,435 shares in the last quarter. 89.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TKR has been the topic of several recent analyst reports. DA Davidson increased their target price on shares of Timken from $71.00 to $80.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Citigroup raised 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. 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. Finally, Oppenheimer decreased their target price on shares of Timken from $90.00 to $88.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Timken currently has a consensus rating of "Hold" and an average target price of $79.80.

Timken Trading Up 0.6%

Timken stock traded up $0.4350 during trading hours on Monday, reaching $79.4250. The stock had a trading volume of 683,686 shares, compared to its average volume of 672,702. The stock has a market cap of $5.53 billion, a PE ratio of 18.04, a PEG ratio of 1.73 and a beta of 1.30. Timken Company has a 52 week low of $56.20 and a 52 week high of $87.52. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.13 and a quick ratio of 1.72. The company has a fifty day simple moving average of $76.03 and a 200-day simple moving average of $72.93.

Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.08. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. Timken had a net margin of 6.86% and a return on equity of 11.78%. The company's revenue was down .8% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 EPS. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. Analysts forecast that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.8%. Timken's payout ratio is presently 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.