Timken Company (The) $TKR Shares Purchased by Tema Etfs LLC

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 increased its position in shares of Timken Company (The) (NYSE:TKR - Free Report) by 71.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,531 shares of the industrial products company's stock after buying an additional 62,426 shares during the period. Timken comprises 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.

Several other institutional investors have also recently made changes to their positions in TKR. Parvin Asset Management LLC purchased a new position in shares of Timken during the fourth quarter valued at $66,000. UMB Bank n.a. increased its stake in shares of Timken by 400.0% during the first quarter. UMB Bank n.a. now owns 1,000 shares of the industrial products company's stock valued at $72,000 after buying an additional 800 shares during the period. GAMMA Investing LLC increased its stake 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 valued at $82,000 after buying an additional 847 shares during the period. Alpine Bank Wealth Management purchased a new position in shares of Timken during the first quarter valued at $108,000. Finally, Blue Trust Inc. increased its stake 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 buying an additional 173 shares during the period. Hedge funds and other institutional investors own 89.08% of the company's stock.

Timken Stock Down 1.2%

NYSE TKR traded down $0.95 during trading on Tuesday, hitting $76.28. The company's stock had a trading volume of 224,086 shares, compared to its average volume of 671,721. 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 company has a market cap of $5.31 billion, a PE ratio of 17.33, a P/E/G ratio of 1.69 and a beta of 1.25. The business's 50 day simple moving average is $76.94 and its 200-day simple moving average is $72.77. Timken Company has a fifty-two week low of $56.20 and a fifty-two week high of $87.52.

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 for the quarter, topping the consensus estimate of $1.34 by $0.08. The business had revenue of $1.17 billion during 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 company's quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $1.63 earnings per share. 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 EPS for the current fiscal year.

Timken Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TKR shares. Evercore ISI set a $84.00 price target on Timken and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Citigroup lifted their target price on Timken from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Finally, DA Davidson lifted their target price on Timken from $71.00 to $80.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $79.80.

Timken 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.