Epoch Investment Partners Inc. Lowers Stock Holdings in Timken Company (The) $TKR

Key Points

• Epoch Investment Partners Inc. has reduced its stake in Timken Company by 25.3%, now holding 9,386 shares worth approximately $675,000.
• Vanguard Group and other large investors have increased their positions in Timken, with Vanguard boosting its stake by 2.8% in the first quarter.
• Timken reported earnings of $1.42 per share for the last quarter, exceeding estimates, while forecasting an EPS of 5.100-5.400 for FY 2025.

Epoch Investment Partners Inc. reduced its stake in Timken Company (The) (NYSE:TKR - Free Report) by 25.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,386 shares of the industrial products company's stock after selling 3,183 shares during the period. Epoch Investment Partners Inc.'s holdings in Timken were worth $675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Parvin Asset Management LLC bought a new stake in Timken in the 4th quarter valued at $66,000. UMB Bank n.a. increased its holdings in Timken by 400.0% in the 1st quarter. UMB Bank n.a. now owns 1,000 shares of the industrial products company's stock valued at $72,000 after acquiring an additional 800 shares during the last quarter. GAMMA Investing LLC increased its holdings in 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 acquiring an additional 847 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in Timken in the 1st quarter valued at $108,000. Finally, Blue Trust Inc. increased its holdings in Timken by 9.2% in the 1st quarter. Blue Trust Inc. now owns 2,050 shares of the industrial products company's stock valued at $147,000 after acquiring an additional 173 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Evercore ISI set a $84.00 price target on shares of Timken and gave the company an "outperform" rating in a report on Tuesday, August 19th. DA Davidson lifted their price objective 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. Finally, Citigroup lifted their price objective on shares of Timken from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $79.80.

Timken Price Performance

Timken stock opened at $76.47 on Wednesday. The firm has a 50-day moving average price of $77.00 and a 200-day moving average price of $72.79. The firm has a market capitalization of $5.33 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 1.69 and a beta of 1.25. The company has a current ratio of 3.13, a quick ratio of 1.72 and a debt-to-equity ratio of 0.65. Timken Company has a 12-month low of $56.20 and a 12-month high of $87.52.

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 (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.08. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. Timken had a net margin of 6.86% and a return on equity of 11.78%. The business's revenue was down .8% on a year-over-year basis. During the same quarter last year, the business earned $1.63 EPS. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. As a group, equities research analysts forecast that Timken Company will post 5.62 EPS for the current year.

Timken Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Tuesday, August 19th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 19th. Timken's dividend payout ratio (DPR) is currently 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.