American Century Companies Inc. Purchases 231,435 Shares of Timken Company (The) $TKR

Key Points

• American Century Companies Inc. increased its holdings in Timken Company by 7.3%, owning approximately 3.39 million shares valued at $243.65 million at the end of Q1.
• Timken's stock is currently trading at $77.23, with a market cap of $5.38 billion and a PE ratio of 17.55.
• The company plans to pay a quarterly dividend of $0.35 per share on August 29, with a yield of 1.8% and a payout ratio of 31.82%.

American Century Companies Inc. boosted its holdings in Timken Company (The) (NYSE:TKR - Free Report) by 7.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,390,125 shares of the industrial products company's stock after purchasing an additional 231,435 shares during the quarter. American Century Companies Inc. owned about 4.85% of Timken worth $243,648,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parvin Asset Management LLC purchased a new stake in shares of Timken during the fourth quarter valued at approximately $66,000. UMB Bank n.a. grew its holdings in shares of Timken by 400.0% during the first quarter. UMB Bank n.a. now owns 1,000 shares of the industrial products company's stock valued at $72,000 after buying an additional 800 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Timken by 282.3% during the first 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 last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Timken during the first quarter valued at approximately $108,000. Finally, Blue Trust Inc. grew its holdings in shares of Timken by 9.2% during the first quarter. Blue Trust Inc. now owns 2,050 shares of the industrial products company's stock valued at $147,000 after buying an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company's stock.

Timken Stock Up 0.7%

Shares of NYSE:TKR traded up $0.5570 during trading hours on Tuesday, hitting $76.8970. The company's stock had a trading volume of 363,650 shares, compared to its average volume of 673,897. 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 market capitalization of $5.36 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.67 and a beta of 1.30. The firm's fifty day moving average price is $75.66 and its 200 day moving average price is $73.02.

Timken (NYSE:TKR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.34 by $0.08. Timken had a net margin of 6.86% and a return on equity of 11.78%. The business 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 posted $1.63 EPS. The company's quarterly revenue 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, research analysts expect that Timken Company will post 5.62 EPS for the current year.

Timken Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on TKR. Evercore ISI set a $84.00 target price on shares of Timken and gave the stock an "outperform" rating in a report on Tuesday. DA Davidson increased their price target on shares of Timken from $71.00 to $80.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Oppenheimer decreased their price target 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. Finally, Citigroup increased their price target on shares of Timken from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $79.80.

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.