Signaturefd LLC Trims Stock Holdings in Timken Company (The) $TKR

Signaturefd LLC trimmed its holdings in Timken Company (The) (NYSE:TKR) by 11.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,381 shares of the industrial products company’s stock after selling 181 shares during the period. Signaturefd LLC’s holdings in Timken were worth $100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TKR. Livelsberger Financial Advisory purchased a new position in shares of Timken in the second quarter valued at $28,000. Steph & Co. purchased a new position in Timken during the 2nd quarter valued at about $37,000. UMB Bank n.a. increased its position in shares of 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 buying 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 worth $82,000 after buying an additional 847 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted 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 period. Institutional investors own 89.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TKR shares. JPMorgan Chase & Co. assumed coverage on shares of Timken in a research note on Monday, September 15th. They issued a “neutral” rating and a $80.00 target price on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research report on Saturday, September 27th. DA Davidson lifted their price objective on Timken from $71.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Citigroup upped their target price on Timken from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Finally, Evercore ISI set a $84.00 price target on Timken and gave the company an “outperform” rating in a report on Tuesday, August 19th. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $80.73.

Timken Price Performance

TKR opened at $76.56 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.13 and a quick ratio of 1.72. Timken Company has a 1 year low of $56.20 and a 1 year high of $87.52. The stock’s 50 day simple moving average is $76.71 and its 200 day simple moving average is $72.59. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.68 and a beta of 1.26.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.42 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The business’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. As a group, analysts predict that Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, August 19th. Timken’s dividend payout ratio is currently 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.