Timken Company (The) $TKR Shares Purchased by Earnest Partners LLC

Key Points

• Earnest Partners LLC raised its stake in Timken Company by 0.3% during the 1st quarter, owning approximately 1.29 million shares worth $93.39 million.
• Timken's quarterly earnings of $1.42 per share surpassed analyst estimates of $1.34, with revenue reported at $1.17 billion, slightly above predictions.
• The company declared a quarterly dividend of $0.35 per share, with an annualized yield of 1.8% and a payout ratio of 31.82%.

Earnest Partners LLC increased its stake in Timken Company (The) (NYSE:TKR - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,299,382 shares of the industrial products company's stock after purchasing an additional 4,256 shares during the period. Earnest Partners LLC owned 1.86% of Timken worth $93,387,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TKR. Marshall Wace LLP acquired a new stake in Timken during the fourth quarter valued at $382,000. Tower Research Capital LLC TRC raised its stake in Timken by 83.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,868 shares of the industrial products company's stock worth $276,000 after acquiring an additional 1,761 shares in the last quarter. Stifel Financial Corp grew its position in Timken by 0.9% during the 4th quarter. Stifel Financial Corp now owns 61,434 shares of the industrial products company's stock worth $4,385,000 after acquiring an additional 566 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in Timken during the 4th quarter worth approximately $250,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Timken by 12.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 92,951 shares of the industrial products company's stock worth $6,635,000 after buying an additional 10,280 shares in the last quarter. Institutional investors own 89.08% of the company's stock.

Timken Trading Down 0.3%

Timken stock opened at $79.01 on Wednesday. Timken Company has a 52 week low of $56.20 and a 52 week high of $87.52. The stock has a market capitalization of $5.50 billion, a P/E ratio of 17.96, a PEG ratio of 1.74 and a beta of 1.30. The stock has a 50-day simple moving average of $76.36 and a 200 day simple moving average of $72.96. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.72 and a current ratio of 3.13.

Timken (NYSE:TKR - Get Free Report) last announced its 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. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. 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. Analysts expect that Timken Company will post 5.62 earnings per share for the current year.

Timken Dividend Announcement

The company also recently announced 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 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%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. 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. DA Davidson raised 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. Oppenheimer dropped their price target on Timken from $90.00 to $88.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Finally, 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. Four 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, Timken has an average rating of "Hold" and an average 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.

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