Timken Company (The) $TKR Stock Position Lifted by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in Timken Company by 24.0%, acquiring an additional 26,977 shares to own a total of 139,398 shares valued at approximately $9.9 million.
• Timken reported quarterly earnings of $1.42 per share, surpassing analyst estimates, and its FY 2025 EPS guidance is set between $5.100 and $5.400.
• The company recently declared a quarterly dividend of $0.35 per share, which represents an annual yield of 1.8%.

AQR Capital Management LLC raised its position in shares of Timken Company (The) (NYSE:TKR - Free Report) by 24.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 139,398 shares of the industrial products company's stock after purchasing an additional 26,977 shares during the period. AQR Capital Management LLC owned 0.20% of Timken worth $9,896,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TKR. Vanguard Group Inc. lifted its stake in shares of Timken by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 6,646,465 shares of the industrial products company's stock worth $477,681,000 after acquiring an additional 180,705 shares during the period. American Century Companies Inc. lifted its stake in shares of 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 acquiring an additional 231,435 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Timken by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,367,167 shares of the industrial products company's stock worth $170,124,000 after acquiring an additional 133,674 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Timken by 2.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,990,929 shares of the industrial products company's stock worth $143,088,000 after acquiring an additional 46,090 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Timken by 108.8% in the 1st quarter. Victory Capital Management Inc. now owns 1,841,828 shares of the industrial products company's stock worth $132,372,000 after acquiring an additional 959,672 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

Timken Price Performance

Shares of NYSE TKR traded down $1.50 during midday trading on Friday, reaching $77.67. The company's stock had a trading volume of 512,614 shares, compared to its average volume of 643,938. Timken Company has a one year low of $56.20 and a one year high of $87.52. The company has a 50 day moving average price of $77.35 and a 200 day moving average price of $72.58. The company has a current ratio of 3.13, a quick ratio of 1.72 and a debt-to-equity ratio of 0.65. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 1.74 and a beta of 1.25.

Timken (NYSE:TKR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the business earned $1.63 earnings per share. The firm's revenue was down .8% compared to the same quarter last year. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. On average, equities research analysts expect that Timken Company will post 5.62 EPS for the current year.

Timken Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th were issued a dividend of $0.35 per share. The ex-dividend date was 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 currently 31.82%.

Analyst Ratings Changes

TKR has been the subject of a number of research analyst reports. Evercore ISI set a $84.00 price target on shares of Timken and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. DA Davidson boosted their target price on shares of Timken from $71.00 to $80.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Finally, Citigroup boosted their target price on shares of Timken from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Timken currently has an average rating of "Hold" and an average price target 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.