7,200 Shares in Timken Company (The) $TKR Acquired by Rathbones Group PLC

Key Points

• Rathbones Group PLC acquired a new stake of 7,200 shares in Timken Company, valued at approximately $517,000.
• Timken reported earnings per share of $1.42 for the last quarter, exceeding estimates and showing a 6.86% net margin.
• A quarterly dividend of $0.35 has been announced, with a payout ratio of 31.82%, to be paid to stockholders on August 29th.

Rathbones Group PLC purchased a new stake in Timken Company (The) (NYSE:TKR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,200 shares of the industrial products company's stock, valued at approximately $517,000.

Other institutional investors also recently modified their holdings of the company. Parvin Asset Management LLC bought a new position in Timken during the fourth quarter worth about $66,000. UMB Bank n.a. boosted its holdings in 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 increased its holdings in shares of Timken by 282.3% during the first 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. Alpine Bank Wealth Management bought a new stake in shares of Timken in the first quarter valued at approximately $108,000. Finally, Blue Trust Inc. grew its position in Timken by 9.2% during the first quarter. Blue Trust Inc. now owns 2,050 shares of the industrial products company's stock worth $147,000 after buying an additional 173 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Trading Up 0.8%

NYSE:TKR traded up $0.5840 during trading hours on Tuesday, hitting $76.9240. 72,764 shares of the company were exchanged, compared to its average volume of 672,025. The company has a fifty day simple moving average of $75.66 and a 200 day simple moving average of $73.02. Timken Company has a one year low of $56.20 and a one year high of $87.52. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 1.67 and a beta of 1.30. The company has a current ratio of 3.13, a quick ratio of 1.72 and a debt-to-equity ratio of 0.65.

Timken (NYSE:TKR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.42 earnings per share (EPS) 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. The firm's revenue was down .8% compared to the same quarter last year. During the same period last year, the company earned $1.63 earnings per share. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. Sell-side analysts expect that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TKR shares. Evercore ISI set a $84.00 price objective on Timken and gave the company an "outperform" rating in a report on Tuesday. DA Davidson upped their price objective on shares of Timken from $71.00 to $80.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Oppenheimer reduced their price objective 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. Finally, Citigroup lifted their price target on shares of Timken from $75.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $79.80.

About Timken

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.