Timken Company (The) $TKR Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in Timken Company (The) (NYSE:TKR - Free Report) by 38.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,910 shares of the industrial products company's stock after acquiring an additional 58,541 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.30% of Timken worth $15,158,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in 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. Teacher Retirement System of Texas lifted its holdings in Timken by 77.8% during the first quarter. Teacher Retirement System of Texas now owns 11,912 shares of the industrial products company's stock valued at $856,000 after purchasing an additional 5,212 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Timken by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 35,118 shares of the industrial products company's stock valued at $2,523,000 after purchasing an additional 190 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Timken by 2.8% in the first quarter. Vanguard Group Inc. now owns 6,646,465 shares of the industrial products company's stock worth $477,681,000 after buying an additional 180,705 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Timken by 48.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 530,734 shares of the industrial products company's stock worth $36,483,000 after buying an additional 174,145 shares in the last quarter. Institutional investors own 89.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TKR shares. DA Davidson raised their target price on shares of Timken from $71.00 to $80.00 and gave the company 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 for the company in a research note on Thursday, May 1st. Evercore ISI set a $84.00 price target on Timken and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Citigroup lifted their price target on Timken from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $79.80.

Timken Stock Performance

Shares of NYSE:TKR traded down $0.9350 during mid-day trading on Wednesday, reaching $75.9450. 527,416 shares of the company traded hands, compared to its average volume of 673,009. The company's 50 day moving average price is $75.73 and its 200-day moving average price is $73.05. The firm has a market cap of $5.29 billion, a PE ratio of 17.26, a PEG ratio of 1.68 and a beta of 1.30. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.13 and a quick ratio of 1.72. Timken Company has a 52 week low of $56.20 and a 52 week 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, 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 firm's revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.63 EPS. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. On average, equities analysts expect that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Dividend Announcement

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

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.