Earnest Partners LLC Buys 4,256 Shares of Timken Company (The) $TKR

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

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Keeley Teton Advisors LLC raised its holdings in shares of Timken by 1.1% in the 1st quarter. Keeley Teton Advisors LLC now owns 22,133 shares of the industrial products company's stock worth $1,591,000 after purchasing an additional 239 shares in the last quarter. Comerica Bank grew its position in Timken by 25.8% during the first quarter. Comerica Bank now owns 72,419 shares of the industrial products company's stock valued at $5,205,000 after purchasing an additional 14,848 shares in the last quarter. Synovus Financial Corp grew its position in Timken by 9.3% during the first quarter. Synovus Financial Corp now owns 7,574 shares of the industrial products company's stock valued at $544,000 after purchasing an additional 644 shares in the last quarter. Jump Financial LLC bought a new stake in Timken in the first quarter worth approximately $259,000. Finally, Hotchkis & Wiley Capital Management LLC grew its position in Timken by 2.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,990,929 shares of the industrial products company's stock worth $143,088,000 after acquiring an additional 46,090 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors.

Timken Trading Down 1.2%

NYSE TKR traded down $0.95 during trading on Monday, reaching $77.26. 620,880 shares of the stock traded hands, compared to its average volume of 605,733. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.69 and a beta of 1.25. The stock's 50-day moving average price is $76.82 and its 200 day moving average price is $72.81. The company has a quick ratio of 1.72, a current ratio of 3.13 and a debt-to-equity ratio of 0.65. 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 data on Wednesday, July 30th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.34 by $0.08. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. Timken had a net margin of 6.86% and a return on equity of 11.78%. The business's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.63 earnings per share. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. Analysts predict that Timken Company will post 5.62 EPS for the current year.

Timken Announces Dividend

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

Analysts Set New Price Targets

TKR has been the subject of several recent analyst reports. 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 report on Tuesday, July 22nd. Citigroup raised their price objective on shares of 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 shares of 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $79.80.

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.