Blair William & Co. IL Buys Shares of 4,191 Timken Company (The) $TKR

Key Points

• Blair William & Co. IL acquired 4,191 shares of Timken Company during the second quarter, valued at approximately $304,000, indicating growing institutional interest in the company.
• Several research firms have set price targets for Timken, with Citigroup raising its target to $90.00 and Evercore ISI giving an "outperform" rating, reflecting positive sentiment among analysts.
• Timken recently paid a quarterly dividend of $0.35 per share, resulting in an annual yield of 1.9% with a payout ratio of 31.82%.

Blair William & Co. IL bought a new stake in Timken Company (The) (NYSE:TKR - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,191 shares of the industrial products company's stock, valued at approximately $304,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory purchased a new position in Timken in the second quarter valued at about $28,000. Steph & Co. bought a new stake in shares of Timken in the second quarter valued at approximately $37,000. Hilltop National Bank bought a new stake in shares of Timken in the second quarter valued at approximately $74,000. GAMMA Investing LLC raised its position in shares of Timken by 282.3% in the first quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company's stock valued at $82,000 after purchasing an additional 847 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Timken by 664.6% in the second quarter. Farther Finance Advisors LLC now owns 1,208 shares of the industrial products company's stock valued at $88,000 after purchasing an additional 1,050 shares during the period. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TKR. Evercore ISI set a $84.00 price target on shares of Timken and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Citigroup boosted their price target on shares of Timken from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, September 23rd. Weiss Ratings reissued a "hold (c+)" rating on shares of Timken in a research report on Wednesday, October 8th. DA Davidson upped 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, JPMorgan Chase & Co. initiated coverage on shares of Timken in a report on Monday, September 15th. They set a "neutral" rating and a $80.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Timken presently has a consensus rating of "Hold" and an average price target of $80.73.

Timken Price Performance

Shares of NYSE:TKR opened at $73.14 on Friday. The company's fifty day moving average price is $76.40 and its 200-day moving average price is $72.65. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.61 and a beta of 1.26. Timken Company has a one year low of $56.20 and a one year 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.

Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the prior year, the company earned $1.63 EPS. The firm's revenue was down .8% on a year-over-year basis. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. On average, equities research analysts anticipate that Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $1.40 annualized dividend and a yield of 1.9%. Timken's dividend payout ratio 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.

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