Fiduciary Management Inc. WI Purchases 10,689 Shares of Timken Company (The) $TKR

Key Points

• Fiduciary Management Inc. WI increased its stake in Timken Company by 0.9%, now owning 1.64% of the company, valued at approximately $82.5 million after purchasing 10,689 additional shares.
• Analyst ratings for Timken show a consensus target price of $79.80, with four analysts recommending a "Buy" and six suggesting a "Hold".
• Timken announced a quarterly dividend of $0.35, equating to an annualized dividend yield of 1.9%, set to be paid on August 29th.

Fiduciary Management Inc. WI boosted its position in Timken Company (The) (NYSE:TKR - Free Report) by 0.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,147,819 shares of the industrial products company's stock after purchasing an additional 10,689 shares during the period. Fiduciary Management Inc. WI owned about 1.64% of Timken worth $82,494,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Parvin Asset Management LLC acquired a new stake in shares of Timken during the fourth quarter worth $66,000. UMB Bank n.a. boosted its holdings in shares of Timken by 400.0% during the first quarter. UMB Bank n.a. now owns 1,000 shares of the industrial products company's stock worth $72,000 after purchasing an additional 800 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Timken by 282.3% during the first quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company's stock worth $82,000 after purchasing an additional 847 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Timken during the first quarter worth $108,000. Finally, Blue Trust Inc. boosted its holdings in shares of 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 during the last quarter. Hedge funds and other institutional investors own 89.08% of the company's stock.

Timken Stock Performance

Shares of NYSE TKR traded up $0.4010 during midday trading on Monday, hitting $79.3910. 1,129,581 shares of the company's stock were exchanged, compared to its average volume of 675,637. The firm has a market cap of $5.53 billion, a P/E ratio of 18.04, a PEG ratio of 1.73 and a beta of 1.30. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.13 and a quick ratio of 1.72. Timken Company has a twelve month low of $56.20 and a twelve month high of $87.52. The stock's 50 day moving average price is $76.03 and its 200-day moving average price is $72.93.

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 (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.08. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.15 billion. Timken had a return on equity of 11.78% and a net margin of 6.86%.The firm's revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 earnings per share. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. Equities research analysts anticipate that Timken Company will post 5.62 EPS for the current year.

Timken Dividend Announcement

The company also recently announced 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. 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 31.82%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TKR shares. Evercore ISI set a $84.00 target price on Timken and gave the company an "outperform" rating in a report on Tuesday, August 19th. Oppenheimer reduced their target price on Timken from $90.00 to $88.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. DA Davidson lifted their target price on Timken from $71.00 to $80.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, Citigroup raised their price objective on Timken from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently 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.