LPL Financial LLC Grows Stock Holdings in Timken Company (The) $TKR

Key Points

• LPL Financial LLC increased its holdings in Timken Company by 23.5% during Q1, owning 19,133 shares valued at approximately $1.38 million.
• Timken reported an EPS of $1.42 for the last quarter, exceeding estimates, despite a 6.86% net margin and a slight revenue decline of 0.8% year-over-year.
• The company announced a quarterly dividend of $0.35 per share, reflecting an annualized dividend yield of 1.8% with a payout ratio of 31.82%.

LPL Financial LLC boosted its stake in shares of Timken Company (The) (NYSE:TKR - Free Report) by 23.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 19,133 shares of the industrial products company's stock after purchasing an additional 3,640 shares during the period. LPL Financial LLC's holdings in Timken were worth $1,375,000 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. GAMMA Investing LLC grew its position in Timken by 282.3% during the 1st 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 period. Teacher Retirement System of Texas grew its position in Timken by 77.8% during the 1st quarter. Teacher Retirement System of Texas now owns 11,912 shares of the industrial products company's stock worth $856,000 after purchasing an additional 5,212 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Timken by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 35,118 shares of the industrial products company's stock worth $2,523,000 after acquiring an additional 190 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Timken by 48.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 530,734 shares of the industrial products company's stock worth $36,483,000 after acquiring an additional 174,145 shares in the last quarter. Finally, Becker Capital Management Inc. purchased a new stake in shares of Timken during the 4th quarter worth about $15,550,000. 89.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TKR. Evercore ISI set a $84.00 target price on shares of Timken and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Oppenheimer lowered their target price on shares of Timken from $90.00 to $88.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. DA Davidson increased 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. Finally, Citigroup increased their target price 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 analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $79.80.

Timken Price Performance

Timken stock traded down $0.77 during midday trading on Thursday, reaching $78.24. The company had a trading volume of 509,695 shares, compared to its average volume of 677,454. The company has a market capitalization of $5.45 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.73 and a beta of 1.30. Timken Company has a 12-month low of $56.20 and a 12-month high of $87.52. The firm's fifty day simple moving average is $76.69 and its 200-day simple moving average is $72.98. 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 (NYSE:TKR - Get Free Report) last issued 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. The firm had revenue of $1.17 billion for 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%. Timken's quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company posted $1.63 EPS. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. As a group, equities analysts anticipate that Timken Company will post 5.62 EPS for the current year.

Timken Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Tuesday, August 19th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $1.40 dividend on an annualized basis and a yield of 1.8%. 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.