LPL Financial LLC Boosts Stake 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 increased its holdings in Timken Company (The) (NYSE:TKR - Free Report) by 23.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,133 shares of the industrial products company's stock after purchasing an additional 3,640 shares during the quarter. LPL Financial LLC's holdings in Timken were worth $1,375,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pinnacle Associates Ltd. raised its holdings in shares of 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 acquiring an additional 155 shares during the last quarter. Blue Trust Inc. raised 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 valued at $147,000 after acquiring an additional 173 shares during the last quarter. Ethic Inc. raised its holdings in shares of Timken by 2.8% during the fourth quarter. Ethic Inc. now owns 6,882 shares of the industrial products company's stock valued at $491,000 after acquiring an additional 188 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of 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 acquiring an additional 188 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Timken by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 35,118 shares of the industrial products company's stock valued at $2,523,000 after acquiring an additional 190 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company's stock.

Timken Price Performance

Shares of TKR stock traded down $0.24 during trading hours on Tuesday, reaching $79.01. The company had a trading volume of 586,896 shares, compared to its average volume of 675,000. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.72 and a current ratio of 3.13. The stock has a fifty day moving average of $76.19 and a 200-day moving average of $72.92. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 17.96, a PEG 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.

Timken (NYSE:TKR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.08. Timken had a return on equity of 11.78% and a net margin of 6.86%.The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter last year, the firm earned $1.63 earnings per share. The firm's quarterly revenue was down .8% compared to the same quarter last year. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. On average, equities analysts anticipate that Timken Company will post 5.62 earnings per share for the current year.

Timken Dividend Announcement

The firm 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 $0.35 dividend. 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%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TKR shares. Oppenheimer reduced their target price on Timken from $90.00 to $88.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. DA Davidson increased 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. Citigroup upped their price target on Timken from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Finally, Evercore ISI set a $84.00 price target on Timken and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $79.80.

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.