Dimensional Fund Advisors LP Acquires 133,674 Shares of Timken Company (The) $TKR

Key Points

• Dimensional Fund Advisors LP increased its stake in Timken Company by 6.0%, acquiring an additional 133,674 shares, bringing total ownership to over 2.36 million shares valued at approximately $170 million.
• Timken recently reported quarterly earnings of $1.42 EPS, exceeding expectations, while the company anticipates a fiscal year 2025 EPS guidance of 5.100-5.400.
• The company announced a quarterly dividend of $0.35 per share, with a yield of 1.8%, scheduled for payment on August 29th.

Dimensional Fund Advisors LP grew its position in Timken Company (The) (NYSE:TKR - Free Report) by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,367,167 shares of the industrial products company's stock after purchasing an additional 133,674 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.38% of Timken worth $170,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TKR. GAMMA Investing LLC raised its holdings in shares of Timken by 282.3% in the 1st 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 in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Timken by 77.8% in the 1st quarter. Teacher Retirement System of Texas now owns 11,912 shares of the industrial products company's stock valued at $856,000 after purchasing an additional 5,212 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Timken by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 35,118 shares of the industrial products company's stock worth $2,523,000 after acquiring an additional 190 shares in the last quarter. Vanguard Group Inc. grew its position in Timken by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 6,646,465 shares of the industrial products company's stock worth $477,681,000 after purchasing an additional 180,705 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Timken by 48.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 530,734 shares of the industrial products company's stock worth $36,483,000 after buying an additional 174,145 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TKR shares. 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 note on Tuesday, July 22nd. Oppenheimer decreased their price target on Timken from $90.00 to $88.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Citigroup raised their price objective on Timken from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Finally, Evercore ISI set a $84.00 target price on shares of Timken and gave the stock an "outperform" rating in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Timken currently has a consensus rating of "Hold" and a consensus price target of $79.80.

Timken Trading Up 4.8%

Shares of NYSE:TKR traded up $3.6440 during mid-day trading on Friday, reaching $78.9640. 811,288 shares of the company's stock were exchanged, compared to its average volume of 751,407. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 1.65 and a beta of 1.30. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.72 and a current ratio of 3.13. Timken Company has a twelve month low of $56.20 and a twelve month high of $87.52. The business's fifty day moving average price is $76.03 and its 200-day moving average price is $73.05.

Timken (NYSE:TKR - Get Free Report) last posted its quarterly 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 firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. The business'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, research analysts predict that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Dividend Announcement

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 of this dividend is Tuesday, August 19th. This represents a $1.40 annualized dividend and a dividend yield of 1.8%. Timken's dividend payout ratio (DPR) is 31.82%.

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.