Nuveen LLC Acquires New Shares 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 position in shares of Timken Company (The) (NYSE:TKR - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 109,777 shares of the industrial products company's stock, valued at approximately $7,890,000. Nuveen LLC owned about 0.16% of Timken as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Timken by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 6,646,465 shares of the industrial products company's stock worth $477,681,000 after buying an additional 180,705 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in 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 buying an additional 959,672 shares during the last quarter. Earnest Partners LLC lifted its holdings in Timken by 0.3% during the 4th quarter. Earnest Partners LLC now owns 1,295,126 shares of the industrial products company's stock worth $92,433,000 after buying an additional 3,594 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Timken by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 787,391 shares of the industrial products company's stock worth $56,590,000 after buying an additional 3,831 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Timken by 19.3% in the 4th quarter. Northern Trust Corp now owns 611,513 shares of the industrial products company's stock worth $43,644,000 after purchasing an additional 98,827 shares during the last quarter. Institutional investors own 89.08% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Citigroup raised their price target on Timken from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. DA Davidson raised their price target on Timken from $71.00 to $80.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Finally, Evercore ISI set a $84.00 price target on Timken and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Four equities 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 company presently has an average rating of "Hold" and a consensus target price of $79.80.

Timken Stock Performance

TKR traded down $0.95 during trading hours on Friday, hitting $77.26. The company's stock had a trading volume of 620,880 shares, compared to its average volume of 624,846. Timken Company has a fifty-two week low of $56.20 and a fifty-two week high of $87.52. The company has a current ratio of 3.13, a quick ratio of 1.72 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $5.38 billion, a PE ratio of 17.56, a PEG ratio of 1.69 and a beta of 1.30. The company has a 50-day simple moving average of $76.82 and a 200 day simple moving average of $72.88.

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 (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.15 billion. During the same period last year, the firm earned $1.63 EPS. The firm's revenue for the quarter 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, sell-side analysts expect that Timken Company will post 5.62 EPS for the current year.

Timken Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Tuesday, August 19th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, August 19th. Timken's payout ratio is presently 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.