Deutsche Bank AG Decreases Stock Position in Timken Company (The) $TKR

Key Points

• Deutsche Bank AG reduced its holdings in Timken Company by 58.9%, selling 6,725 shares, leaving it with a total of 4,702 shares valued at approximately $338,000.
• Timken reported quarterly earnings of $1.42 per share, exceeding analysts' expectations, with a revenue of $1.17 billion for the quarter.
• Timken's recent dividend of $0.35 per share reflects a yield of 1.8%, contributing to a payout ratio of 31.82%.

Deutsche Bank AG lowered its position in shares of Timken Company (The) (NYSE:TKR - Free Report) by 58.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,702 shares of the industrial products company's stock after selling 6,725 shares during the quarter. Deutsche Bank AG's holdings in Timken were worth $338,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TKR. Marshall Wace LLP acquired a new stake in shares of Timken in the fourth quarter valued at approximately $382,000. Tower Research Capital LLC TRC increased its holdings in shares of Timken by 83.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,868 shares of the industrial products company's stock valued at $276,000 after purchasing an additional 1,761 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Timken by 0.9% in the fourth quarter. Stifel Financial Corp now owns 61,434 shares of the industrial products company's stock valued at $4,385,000 after purchasing an additional 566 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Timken by 12.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 92,951 shares of the industrial products company's stock valued at $6,635,000 after purchasing an additional 10,280 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Timken by 15.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 525,612 shares of the industrial products company's stock valued at $37,513,000 after purchasing an additional 71,505 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company's stock.

Wall Street Analysts Forecast Growth

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

Timken Trading Down 1.9%

Shares of TKR traded down $1.44 during midday trading on Wednesday, hitting $75.05. 548,003 shares of the stock were exchanged, compared to its average volume of 576,377. Timken Company has a 52-week low of $56.20 and a 52-week high of $87.52. The stock has a fifty day simple moving average of $77.04 and a 200 day simple moving average of $72.81. The firm has a market cap of $5.23 billion, a P/E ratio of 17.06, a P/E/G ratio of 1.69 and a beta of 1.25. 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 released its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.34 by $0.08. Timken had a return on equity of 11.78% and a net margin of 6.86%.The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business posted $1.63 earnings per share. The company's quarterly revenue was down .8% on a year-over-year basis. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. On average, research analysts anticipate that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Tuesday, August 19th were issued a $0.35 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $1.40 dividend on an annualized basis and a yield of 1.9%. Timken's dividend payout ratio (DPR) is 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.