7,342 Shares in Timken Company (The) $TKR Acquired by Erste Asset Management GmbH

Key Points

• Erste Asset Management GmbH acquired 7,342 shares of Timken Company, valued at approximately $528,000, during the first quarter of the year.
• The company recently reported earnings of $1.42 per share, surpassing analysts' expectations of $1.34, despite a revenue decline of 0.8% compared to the previous year.
• Timken has declared a quarterly dividend of $0.35 per share, representing an annualized $1.40 and a dividend yield of 1.8%, with the payout ratio at 31.82%.

Erste Asset Management GmbH purchased a new stake in shares of Timken Company (The) (NYSE:TKR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,342 shares of the industrial products company's stock, valued at approximately $528,000.

Other institutional investors have also added to or reduced their stakes in the company. Parvin Asset Management LLC purchased a new stake in Timken during the 4th quarter worth about $66,000. UMB Bank n.a. raised its holdings in shares of Timken by 400.0% in the 1st quarter. UMB Bank n.a. now owns 1,000 shares of the industrial products company's stock valued at $72,000 after acquiring an additional 800 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 acquiring an additional 847 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Timken in the 1st quarter valued at about $108,000. Finally, Blue Trust Inc. raised its holdings 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 acquiring an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company's stock.

Wall Street Analysts Forecast Growth

TKR has been the topic of several recent analyst reports. DA Davidson raised their price target on Timken from $71.00 to $80.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Citigroup increased their price objective on Timken from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Oppenheimer reduced their price target on Timken from $90.00 to $88.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Finally, Evercore ISI set a $84.00 price objective on Timken and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $79.80.

Timken Stock Down 1.0%

Shares of Timken stock traded down $0.75 during trading on Thursday, reaching $78.26. The company's stock had a trading volume of 83,612 shares, compared to its average volume of 672,220. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 17.79, a P/E/G ratio of 1.73 and a beta of 1.30. The company has a 50-day simple moving average of $76.53 and a two-hundred day simple moving average of $73.00. The company has a quick ratio of 1.72, a current ratio of 3.13 and a debt-to-equity ratio of 0.65. Timken Company has a 1-year low of $56.20 and a 1-year high of $87.52.

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 for the quarter, beating the consensus estimate of $1.34 by $0.08. Timken had a return on equity of 11.78% and a net margin of 6.86%.The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the business earned $1.63 EPS. Timken's revenue for the quarter was down .8% compared to the same quarter last year. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. As a group, equities analysts forecast that Timken Company will post 5.62 earnings per share for the current year.

Timken Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, August 19th. Timken's dividend payout ratio is currently 31.82%.

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.