Boston Partners Makes New Investment in Timken Company (The) $TKR

Boston Partners bought a new position in shares of Timken Company (The) (NYSE:TKR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,628 shares of the industrial products company's stock, valued at approximately $692,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in Timken by 38.4% during the first quarter. Russell Investments Group Ltd. now owns 210,910 shares of the industrial products company's stock worth $15,158,000 after purchasing an additional 58,541 shares in the last quarter. Rathbones Group PLC bought a new position in shares of Timken in the first quarter valued at $517,000. Nuveen LLC bought a new position in shares of Timken in the first quarter valued at $7,890,000. Entropy Technologies LP acquired a new stake in Timken during the 1st quarter valued at $497,000. Finally, Covestor Ltd raised its stake in Timken by 11.4% during the 1st quarter. Covestor Ltd now owns 2,302 shares of the industrial products company's stock valued at $165,000 after purchasing an additional 235 shares during the period. Institutional investors own 89.08% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on TKR shares. Evercore ISI set a $84.00 target price on shares of Timken and gave the company an "outperform" rating in a research note on Tuesday. Citigroup boosted their price target on shares of Timken from $75.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Oppenheimer lowered their price target on shares of Timken from $90.00 to $88.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Finally, DA Davidson boosted their price target on shares of Timken from $71.00 to $80.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Timken has a consensus rating of "Hold" and a consensus price target of $79.80.

Timken Stock Performance

Shares of NYSE TKR traded down $0.9350 during mid-day trading on Wednesday, hitting $75.9450. The company had a trading volume of 527,416 shares, compared to its average volume of 748,235. 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 business's 50-day simple moving average is $75.73 and its 200-day simple moving average is $73.05. Timken Company has a 12 month low of $56.20 and a 12 month high of $87.52. The firm has a market cap of $5.29 billion, a P/E ratio of 17.26, a PEG ratio of 1.69 and a beta of 1.30.

Timken (NYSE:TKR - Get Free Report) last released its 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 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 analysts' expectations of $1.15 billion. During the same quarter last year, the company earned $1.63 earnings per share. 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. As a group, analysts predict that Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, August 19th. This represents a $1.40 dividend on an annualized basis and a yield of 1.8%. Timken's dividend payout ratio (DPR) 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.