Timken Company (The) $TKR Shares Bought by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its holdings in Timken Company by 2.4%, now owning nearly 1,991,000 shares valued at approximately $143 million.
• Timken reported a 4.8% increase in its stock price, reaching $78.96 and has a market capitalization of $5.50 billion.
• The company announced a quarterly dividend of $0.35 per share, reflecting a 1.8% dividend yield with a payout ratio of 31.82%.

Hotchkis & Wiley Capital Management LLC increased its position in Timken Company (The) (NYSE:TKR - Free Report) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,990,929 shares of the industrial products company's stock after buying an additional 46,090 shares during the period. Hotchkis & Wiley Capital Management LLC owned 2.85% of Timken worth $143,088,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Timken by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 6,646,465 shares of the industrial products company's stock valued at $477,681,000 after purchasing an additional 180,705 shares in the last quarter. American Century Companies Inc. raised its position in shares of 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 during the period. Dimensional Fund Advisors LP raised its position in shares of 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 during the period. Victory Capital Management Inc. boosted its position in shares of Timken by 108.8% during the 1st quarter. Victory Capital Management Inc. now owns 1,841,828 shares of the industrial products company's stock worth $132,372,000 after purchasing an additional 959,672 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its position in shares of Timken by 7.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,378,229 shares of the industrial products company's stock worth $99,053,000 after purchasing an additional 93,216 shares during the period. 89.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TKR has been the topic of several recent research reports. DA Davidson upped their target price 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. Oppenheimer reduced their price objective on Timken from $90.00 to $88.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Evercore ISI set a $84.00 target price on Timken and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Finally, Citigroup lifted their target price on Timken from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, Timken currently has an average rating of "Hold" and a consensus target price of $79.80.

Timken Trading Down 1.2%

NYSE:TKR traded down $0.96 during trading hours on Thursday, reaching $78.06. 119,442 shares of the company were exchanged, compared to its average volume of 672,422. 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 52-week low of $56.20 and a 52-week high of $87.52. The stock has a 50 day simple moving average of $76.53 and a 200 day simple moving average of $73.00. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.73 and a beta of 1.30.

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

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Tuesday, August 19th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, August 19th. This represents a $1.40 dividend on an annualized basis and a yield of 1.8%. Timken's payout ratio is currently 31.82%.

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.