Tema Etfs LLC Has $10.75 Million Stock Holdings in Timken Company (The) $TKR

Key Points

• Tema Etfs LLC increased its stake in Timken Company by 71.7%, acquiring an additional 62,426 shares in the first quarter, bringing its total holdings to 149,531 shares.
• Timken recently reported a Q2 earnings per share (EPS) of $1.42, surpassing analysts' expectations, despite a revenue decline of 0.8% year-over-year.
• The company announced a quarterly dividend of $0.35 per share, representing an annualized yield of 1.8% and a dividend payout ratio of 31.82%.

Tema Etfs LLC lifted its holdings in Timken Company (The) (NYSE:TKR - Free Report) by 71.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,531 shares of the industrial products company's stock after acquiring an additional 62,426 shares during the quarter. Timken makes up approximately 3.2% of Tema Etfs LLC's holdings, making the stock its 3rd largest holding. Tema Etfs LLC owned about 0.21% of Timken worth $10,747,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Parvin Asset Management LLC acquired a new position in shares of Timken in the 4th quarter worth approximately $66,000. UMB Bank n.a. boosted its holdings 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 worth $72,000 after acquiring an additional 800 shares in the last quarter. GAMMA Investing LLC boosted its holdings 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 worth $82,000 after acquiring an additional 847 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in shares of Timken in the 1st quarter worth approximately $108,000. Finally, Blue Trust Inc. boosted its holdings 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 worth $147,000 after acquiring an additional 173 shares in the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

Timken Trading Down 1.2%

Shares of TKR stock traded down $0.95 during trading hours on Monday, reaching $77.26. The company had a trading volume of 620,880 shares, compared to its average volume of 605,733. The company has a 50 day moving average of $76.82 and a 200 day moving average of $72.81. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.13 and a quick ratio of 1.72. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.69 and a beta of 1.25. Timken Company has a 1-year low of $56.20 and a 1-year high of $87.52.

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, beating analysts' consensus estimates of $1.34 by $0.08. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. Timken had a return on equity of 11.78% and a net margin of 6.86%.The firm's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.63 EPS. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. On average, equities research analysts anticipate that Timken Company will post 5.62 EPS for the current year.

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Tuesday, August 19th were given a $0.35 dividend. The ex-dividend date was 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 is currently 31.82%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. DA Davidson boosted their target price on Timken from $71.00 to $80.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Citigroup upped their price objective on Timken from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Finally, Evercore ISI set a $84.00 price objective on Timken and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company 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.