Nuveen LLC Acquires New Holdings in Timken Company (The) $TKR

Key Points

• Nuveen LLC has invested approximately $7.89 million in Timken Company, acquiring 109,777 shares and representing about 0.16% ownership as of the latest reporting period.
• Timken's recent earnings report showed an EPS of $1.42, surpassing analyst expectations, and the company anticipates a FY 2025 EPS guidance of between $5.100 and $5.400.
• The company has announced a quarterly dividend of $0.35, resulting in an annualized dividend yield of approximately 1.8% for shareholders.

Nuveen LLC bought a new stake in shares of Timken Company (The) (NYSE:TKR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 109,777 shares of the industrial products company's stock, valued at approximately $7,890,000. Nuveen LLC owned approximately 0.16% of Timken as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Parvin Asset Management LLC acquired a new position in shares of Timken in the 4th quarter valued at $66,000. UMB Bank n.a. boosted its position in shares of Timken by 400.0% in the 1st quarter. UMB Bank n.a. now owns 1,000 shares of the industrial products company's stock valued at $72,000 after purchasing an additional 800 shares during the period. GAMMA Investing LLC boosted its position in shares of Timken by 282.3% in the 1st quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company's stock valued at $82,000 after purchasing an additional 847 shares during the period. Alpine Bank Wealth Management acquired a new position in shares of Timken in the 1st quarter valued at $108,000. Finally, Blue Trust Inc. boosted its position in shares of Timken by 9.2% in the 1st quarter. Blue Trust Inc. now owns 2,050 shares of the industrial products company's stock valued at $147,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 89.08% of the company's stock.

Timken Stock Down 1.3%

Shares of TKR traded down $1.05 during midday trading on Friday, reaching $77.17. 265,716 shares of the stock were exchanged, compared to its average volume of 672,332. Timken Company has a 12-month low of $56.20 and a 12-month high of $87.52. The firm has a 50 day simple moving average of $76.69 and a 200-day simple moving average of $72.98. The company has a quick ratio of 1.72, a current ratio of 3.13 and a debt-to-equity ratio of 0.65. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 1.73 and a beta of 1.30.

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 for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.15 billion. During the same period last year, the business earned $1.63 EPS. The business'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. Research analysts forecast that Timken Company will post 5.62 EPS for the current year.

Timken Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.8%. Timken's dividend payout ratio (DPR) is 31.82%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TKR shares. Citigroup increased their price objective on Timken from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. DA Davidson increased their price objective on Timken from $71.00 to $80.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Evercore ISI set a $84.00 price objective on Timken and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Finally, 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. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average 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.