Fifth Third Bancorp Has $717,000 Stock Holdings in Timken Company (The) $TKR

Fifth Third Bancorp lowered its position in Timken Company (The) (NYSE:TKR) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,881 shares of the industrial products company’s stock after selling 729 shares during the quarter. Fifth Third Bancorp’s holdings in Timken were worth $717,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Livelsberger Financial Advisory bought a new position in shares of Timken during the 2nd quarter worth approximately $28,000. UMB Bank n.a. grew its stake in Timken by 400.0% in the first quarter. UMB Bank n.a. now owns 1,000 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 800 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Timken by 282.3% in the first quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 847 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Timken by 664.6% in the second quarter. Farther Finance Advisors LLC now owns 1,208 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 1,050 shares during the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in Timken during the first quarter worth approximately $108,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TKR shares. Citigroup upped their target price on Timken from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. 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. DA Davidson upped 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. Finally, JPMorgan Chase & Co. initiated coverage on Timken in a research note on Monday, September 15th. They set a “neutral” rating and a $80.00 target price for the company. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Timken presently has an average rating of “Hold” and a consensus price target of $80.73.

Timken Trading Up 1.8%

Shares of TKR stock opened at $75.55 on Monday. Timken Company has a 12-month low of $56.20 and a 12-month high of $87.52. The firm has a market cap of $5.26 billion, a P/E ratio of 17.17, a PEG ratio of 1.66 and a beta of 1.25. 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 50 day moving average of $77.20 and a 200-day moving average of $72.55.

Timken (NYSE:TKR) last posted 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 net margin of 6.86% and a return on equity of 11.78%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm posted $1.63 EPS. The firm’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. Sell-side analysts anticipate that Timken Company will post 5.62 earnings per share for the current 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. 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 is 31.82%.

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.