Linden Thomas Advisory Services LLC Raises Stake in Timken Company (The) $TKR

Key Points

• Linden Thomas Advisory Services LLC increased its stake in Timken Company by 25.7%, now owning 28,029 shares valued at approximately $2.03 million.
• Timken's stock has received a range of analyst ratings, with Citigroup raising its price target from $85.00 to $90.00, and a consensus "Hold" rating among analysts.
• Timken recently declared a $0.35 quarterly dividend, representing an annual yield of 1.8%, with a payout ratio of 31.82%.

Linden Thomas Advisory Services LLC raised its position in shares of Timken Company (The) (NYSE:TKR - Free Report) by 25.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,029 shares of the industrial products company's stock after purchasing an additional 5,724 shares during the quarter. Linden Thomas Advisory Services LLC's holdings in Timken were worth $2,034,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. CWM LLC lifted its holdings in Timken by 31.4% during the second quarter. CWM LLC now owns 527 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 126 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in Timken by 2.4% during the second quarter. Verdence Capital Advisors LLC now owns 6,083 shares of the industrial products company's stock valued at $441,000 after purchasing an additional 140 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in Timken by 0.6% during the first quarter. Pinnacle Associates Ltd. now owns 25,605 shares of the industrial products company's stock valued at $1,840,000 after purchasing an additional 155 shares in the last quarter. Ethic Inc. lifted its holdings in Timken by 2.5% during the first quarter. Ethic Inc. now owns 7,056 shares of the industrial products company's stock valued at $485,000 after purchasing an additional 174 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Timken by 2.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,476 shares of the industrial products company's stock valued at $537,000 after purchasing an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company's stock.

Analyst Ratings Changes

TKR has been the topic of several analyst reports. Citigroup lifted their price target on shares of Timken from $85.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd. JPMorgan Chase & Co. assumed coverage on shares of Timken in a research report on Monday, September 15th. They set a "neutral" rating and a $80.00 price objective on the stock. Evercore ISI set a $84.00 price objective on shares of Timken and gave the company an "outperform" rating in a research report on Tuesday, August 19th. DA Davidson lifted their price objective on shares of Timken from $71.00 to $80.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Timken in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Timken has an average rating of "Hold" and an average price target of $80.73.

Timken Trading Up 0.6%

Shares of TKR opened at $78.18 on Friday. The company's fifty day moving average is $76.39 and its 200 day moving average is $73.26. Timken Company has a fifty-two week low of $56.20 and a fifty-two week high of $86.50. The stock has a market capitalization of $5.44 billion, a PE ratio of 17.77, a P/E/G ratio of 1.73 and a beta of 1.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.72 and a current ratio of 3.13.

Timken (NYSE:TKR - Get Free Report) last announced its quarterly 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. Timken had a net margin of 6.86% and a return on equity of 11.78%. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the previous year, the business posted $1.63 earnings per share. Timken's quarterly revenue was down .8% on a year-over-year basis. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. Sell-side analysts expect that Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Tuesday, August 19th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.8%. The ex-dividend date was 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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