Timken Company (The) $TKR Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC cut its stake in shares of Timken Company (The) (NYSE:TKR) by 7.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,940 shares of the industrial products company’s stock after selling 536 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Timken were worth $532,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TKR. Pinnacle Associates Ltd. grew its stake in Timken by 0.6% during the 1st quarter. Pinnacle Associates Ltd. now owns 25,605 shares of the industrial products company’s stock worth $1,840,000 after buying an additional 155 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Timken by 9.2% in the first 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 during the period. Ethic Inc. grew its position in shares of Timken by 2.5% during the first quarter. Ethic Inc. now owns 7,056 shares of the industrial products company’s stock worth $485,000 after acquiring an additional 174 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Timken by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 35,118 shares of the industrial products company’s stock valued at $2,523,000 after acquiring an additional 190 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in Timken by 1.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 17,900 shares of the industrial products company’s stock valued at $1,286,000 after purchasing an additional 200 shares during the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. 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 price objective on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a report on Saturday, September 27th. Evercore ISI set a $84.00 price target on Timken and gave the company an “outperform” rating in a research report on Tuesday, August 19th. 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 lifted their target price on Timken from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $80.73.

Timken Price Performance

Shares of NYSE TKR opened at $76.56 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.72 and a current ratio of 3.13. Timken Company has a one year low of $56.20 and a one year high of $87.52. The firm has a market capitalization of $5.33 billion, a P/E ratio of 17.40, a PEG ratio of 1.68 and a beta of 1.26. The company’s fifty day moving average is $76.71 and its two-hundred day moving average is $72.58.

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

Timken Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Tuesday, August 19th were issued a $0.35 dividend. 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 Company 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.