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

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. increased its stake in Timken by 400.0% in the first quarter. UMB Bank n.a. now owns 1,000 shares of the industrial products company's stock valued at $72,000 after purchasing an additional 800 shares during the period. GAMMA Investing LLC increased its stake in 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. Alpine Bank Wealth Management acquired a new position in shares of Timken during the first quarter worth about $108,000. Blue Trust Inc. raised its holdings in Timken by 9.2% during the first quarter. Blue Trust Inc. now owns 2,050 shares of the industrial products company's stock worth $147,000 after purchasing an additional 173 shares in the last quarter. Finally, Quarry LP raised its holdings in Timken by 162.6% during the first 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 in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Price Performance

Timken stock traded up $0.50 during mid-day trading 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 1 year low of $56.20 and a 1 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. The company has a market capitalization of $5.42 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.70 and a beta of 1.25. The stock's 50-day simple moving average is $77.41 and its 200-day simple moving average is $72.50.

Timken (NYSE:TKR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.42 earnings per share for the quarter, topping 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 business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period last year, the company posted $1.63 EPS. The company'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 analysts predict that Timken Company will post 5.62 EPS for the current year.

Timken Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Timken in a report on Monday. They set a "neutral" rating and a $80.00 price target for the company. Citigroup increased their price target on shares of Timken from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Evercore ISI set a $84.00 price target on shares of Timken and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Finally, 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 report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $79.82.

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.