4,248 Shares in Timken Company (The) $TKR Bought by United Services Automobile Association

Key Points

• United Services Automobile Association has acquired a new position in Timken Company, purchasing 4,248 shares valued at approximately $306,000.
• Timken reported quarterly earnings of $1.42 per share, surpassing the consensus estimate of $1.34, despite a year-over-year revenue decline of 0.8%.
• The company declared a quarterly dividend of $0.35, translating to an annual yield of 1.8% with a payout ratio of 31.82%.

United Services Automobile Association acquired a new stake in shares of Timken Company (The) (NYSE:TKR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,248 shares of the industrial products company's stock, valued at approximately $306,000.

A number of other hedge funds have also recently made changes to their positions in the business. UMB Bank n.a. raised its position in 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 purchasing an additional 800 shares during the period. GAMMA Investing LLC increased its holdings in Timken by 282.3% during the 1st quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company's stock worth $82,000 after purchasing an additional 847 shares during the period. Alpine Bank Wealth Management bought a new stake in Timken during the 1st quarter valued at $108,000. Blue Trust Inc. boosted its position in Timken by 9.2% during the 1st quarter. Blue Trust Inc. now owns 2,050 shares of the industrial products company's stock valued at $147,000 after acquiring an additional 173 shares in the last quarter. Finally, Quarry LP boosted its position in shares of Timken by 162.6% in the 1st quarter. Quarry LP now owns 2,101 shares of the industrial products company's stock worth $151,000 after purchasing an additional 1,301 shares in the last quarter. Institutional investors own 89.08% of the company's stock.

Timken Stock Performance

Shares of NYSE TKR traded up $2.04 during midday trading on Thursday, reaching $79.15. 520,974 shares of the company were exchanged, compared to its average volume of 705,875. The company has a current ratio of 3.13, a quick ratio of 1.72 and a debt-to-equity ratio of 0.65. Timken Company has a 1 year low of $56.20 and a 1 year high of $87.52. The stock has a fifty day simple moving average of $77.41 and a 200 day simple moving average of $72.54. The stock has a market cap of $5.51 billion, a P/E ratio of 17.99, a PEG ratio of 1.70 and a beta of 1.25.

Timken (NYSE:TKR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.08. Timken had a return on equity of 11.78% and a net margin of 6.86%.The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the company posted $1.63 earnings per share. The business's 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 forecast that Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

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

Analysts Set New Price Targets

TKR has been the subject of a number of recent research reports. Evercore ISI set a $84.00 price objective on Timken and gave the company an "outperform" rating in a research note on Tuesday, August 19th. JPMorgan Chase & Co. began coverage on Timken in a report on Monday. They set a "neutral" rating and a $80.00 target price on the stock. DA Davidson increased their price objective on Timken from $71.00 to $80.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Citigroup upped their price target on Timken from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $79.82.

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.