Inspire Investing LLC Sells 861 Shares of Timken Company (The) $TKR

Inspire Investing LLC reduced its position in shares of Timken Company (The) (NYSE:TKR) by 15.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,786 shares of the industrial products company’s stock after selling 861 shares during the quarter. Inspire Investing LLC’s holdings in Timken were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Capital Management LLC raised its holdings in Timken by 3.2% during the 1st quarter. Advisors Capital Management LLC now owns 70,739 shares of the industrial products company’s stock worth $5,084,000 after purchasing an additional 2,175 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Timken by 7.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,872 shares of the industrial products company’s stock worth $16,305,000 after purchasing an additional 16,000 shares during the last quarter. United Services Automobile Association bought a new stake in Timken during the 1st quarter worth about $306,000. Ashton Thomas Private Wealth LLC raised its holdings in Timken by 18.4% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 8,052 shares of the industrial products company’s stock worth $579,000 after purchasing an additional 1,252 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Timken by 147.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock worth $25,569,000 after purchasing an additional 211,718 shares during the last quarter. 89.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on TKR. JPMorgan Chase & Co. began coverage on Timken in a research note on Monday. They issued a “neutral” rating and a $80.00 price target for the company. DA Davidson upped their price target on Timken from $71.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Evercore ISI set a $84.00 price target on Timken and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Finally, Citigroup upped their price target on Timken from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $79.82.

Timken Trading Up 0.6%

NYSE:TKR opened at $77.88 on Wednesday. Timken Company has a twelve month low of $56.20 and a twelve month 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 business has a 50 day moving average price of $77.41 and a two-hundred day moving average price of $72.50. The company has a market cap of $5.42 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 1.70 and a beta of 1.25.

Timken (NYSE:TKR) last announced its quarterly earnings data 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 company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The business’s revenue was down .8% compared to the same quarter last year. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. As a group, analysts expect that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, August 19th. This represents a $1.40 dividend on an annualized basis 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.