Nuveen LLC Invests $7.89 Million in Timken Company (The) $TKR

Nuveen LLC acquired a new position in Timken Company (The) (NYSE:TKR) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 109,777 shares of the industrial products company’s stock, valued at approximately $7,890,000. Nuveen LLC owned approximately 0.16% of Timken at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parvin Asset Management LLC purchased a new stake in shares of Timken in the fourth quarter worth $66,000. UMB Bank n.a. increased its stake in shares of Timken by 400.0% in the first quarter. UMB Bank n.a. now owns 1,000 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 800 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Timken by 282.3% during the first quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 847 shares during the last quarter. Alpine Bank Wealth Management bought a new position in shares of Timken during the first quarter worth $108,000. Finally, Blue Trust Inc. boosted its position in shares of Timken by 9.2% during the first quarter. Blue Trust Inc. now owns 2,050 shares of the industrial products company’s stock worth $147,000 after acquiring an additional 173 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TKR. Oppenheimer dropped their target price on shares of Timken from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Citigroup upped their target price on shares of Timken from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 24th. DA Davidson upped their target price on shares of Timken from $71.00 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Evercore ISI set a $84.00 target price on shares of Timken and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $79.80.

Timken Price Performance

TKR stock opened at $78.9640 on Monday. Timken Company has a 52 week low of $56.20 and a 52 week high of $87.52. The company has a quick ratio of 1.72, a current ratio of 3.13 and a debt-to-equity ratio of 0.65. The company has a fifty day simple moving average of $76.03 and a two-hundred day simple moving average of $72.93. The firm has a market capitalization of $5.50 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 1.73 and a beta of 1.30.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.34 by $0.08. Timken had a net margin of 6.86% and a return on equity of 11.78%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business earned $1.63 earnings per share. Timken’s quarterly revenue was down .8% compared to the same quarter last year. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. Analysts anticipate that Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

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 $0.35 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $1.40 annualized dividend and a dividend yield of 1.8%. Timken’s dividend payout ratio is currently 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.