Dynamic Technology Lab Private Ltd Acquires Shares of 6,430 Timken Company (The) $TKR

Key Points

• Dynamic Technology Lab Private Ltd has acquired 6,430 shares of Timken Company valued at approximately $462,000, as disclosed in its recent 13F filing with the SEC.
• Timken reported earnings of $1.42 EPS for the most recent quarter, exceeding the consensus estimate of $1.34 and noting a slight year-over-year revenue decline of 0.8%.
• The company announced a quarterly dividend of $0.35 per share, with a dividend yield of 1.8%, and maintains a dividend payout ratio of 31.82%.

Dynamic Technology Lab Private Ltd bought a new position in shares of Timken Company (The) (NYSE:TKR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,430 shares of the industrial products company's stock, valued at approximately $462,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Millennium Management LLC lifted its position in Timken by 48.5% during the first quarter. Millennium Management LLC now owns 681,379 shares of the industrial products company's stock worth $48,971,000 after acquiring an additional 222,679 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Timken by 24.0% during the first quarter. AQR Capital Management LLC now owns 139,398 shares of the industrial products company's stock worth $9,896,000 after purchasing an additional 26,977 shares during the period. Royal Bank of Canada lifted its holdings in Timken by 44.2% during the 1st quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company's stock worth $6,508,000 after purchasing an additional 27,750 shares during the last quarter. Quarry LP lifted its holdings in Timken by 162.6% during the 1st quarter. Quarry LP now owns 2,101 shares of the industrial products company's stock worth $151,000 after purchasing an additional 1,301 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Timken by 12.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 593,153 shares of the industrial products company's stock valued at $42,630,000 after purchasing an additional 67,541 shares during the period. Institutional investors and hedge funds own 89.08% of the company's stock.

Timken Stock Up 0.3%

TKR stock opened at $76.38 on Thursday. Timken Company has a 52 week low of $56.20 and a 52 week high of $87.52. The business has a 50-day simple moving average of $77.28 and a 200 day simple moving average of $72.60. The company has a quick ratio of 1.72, a current ratio of 3.13 and a debt-to-equity ratio of 0.65. The company has a market cap of $5.32 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 1.67 and a beta of 1.25.

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

Timken Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, August 19th. This represents a $1.40 annualized dividend and a yield of 1.8%. Timken's dividend payout ratio is presently 31.82%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Evercore ISI set a $84.00 target price on Timken and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Citigroup raised their price target on shares of Timken from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Finally, DA Davidson boosted their price objective 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 research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $79.80.

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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