Timken Company (The) $TKR Shares Purchased 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 lifted its holdings in Timken Company (The) (NYSE:TKR - Free Report) by 24.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,398 shares of the industrial products company's stock after acquiring 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 reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in Timken by 282.3% during the first quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company's stock worth $82,000 after buying an additional 847 shares during the period. Teacher Retirement System of Texas raised its stake in Timken by 77.8% in the first quarter. Teacher Retirement System of Texas now owns 11,912 shares of the industrial products company's stock worth $856,000 after buying an additional 5,212 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Timken by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 35,118 shares of the industrial products company's stock worth $2,523,000 after purchasing an additional 190 shares in the last quarter. Vanguard Group Inc. grew its position 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 buying an additional 180,705 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Timken during the first quarter worth $259,000. 89.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on TKR. Citigroup upped their price target on shares of Timken from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. JPMorgan Chase & Co. started coverage on Timken in a research report on Monday. They set a "neutral" rating and a $80.00 price target on the stock. Evercore ISI set a $84.00 price objective on Timken and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Finally, DA Davidson upped their price objective 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. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $79.82.

Timken Price Performance

Shares of TKR stock traded up $0.50 during trading hours on Tuesday, reaching $77.88. The company had a trading volume of 797,125 shares, compared to its average volume of 650,145. Timken Company has a 12-month low of $56.20 and a 12-month high of $87.52. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 1.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.72 and a current ratio of 3.13. The stock has a fifty day moving average of $77.41 and a 200-day moving average of $72.50.

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

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, August 19th. Timken's dividend payout ratio (DPR) is presently 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.