Epoch Investment Partners Inc. Reduces Position 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. cut its position in shares of Timken Company (The) (NYSE:TKR - Free Report) by 25.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of 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 period. American Century Companies Inc. lifted its holdings in Timken by 7.3% during the 1st quarter. American Century Companies Inc. now owns 3,390,125 shares of the industrial products company's stock valued at $243,648,000 after buying an additional 231,435 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Timken by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,367,167 shares of the industrial products company's stock valued at $170,124,000 after buying an additional 133,674 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Timken by 2.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,990,929 shares of the industrial products company's stock valued at $143,088,000 after buying an additional 46,090 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Timken by 108.8% in the 1st quarter. Victory Capital Management Inc. now owns 1,841,828 shares of the industrial products company's stock valued at $132,372,000 after purchasing an additional 959,672 shares in the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on TKR shares. 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 reduced their price target on shares of Timken from $90.00 to $88.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Evercore ISI set a $84.00 price objective on shares of Timken and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Finally, 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 report on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $79.80.

Timken Stock Up 0.2%

Shares of Timken stock opened at $79.15 on Thursday. The company has a market cap of $5.51 billion, a P/E ratio of 17.99, a PEG ratio of 1.73 and a beta of 1.30. Timken Company has a 52-week low of $56.20 and a 52-week high of $87.52. 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 firm's 50 day moving average price is $76.53 and its 200-day moving average price is $73.00.

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, topping the consensus estimate of $1.34 by $0.08. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. Timken had a net margin of 6.86% and a return on equity of 11.78%. Timken's revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 EPS. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. On average, sell-side analysts predict that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Dividend Announcement

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

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