Mutual of America Capital Management LLC Cuts Stake in Timken Company (The) $TKR

Mutual of America Capital Management LLC lessened its stake in shares of Timken Company (The) (NYSE:TKR) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,661 shares of the industrial products company’s stock after selling 1,178 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Timken were worth $2,297,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC lifted its stake in Timken by 31.4% in the second quarter. CWM LLC now owns 527 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 126 shares during the period. Verdence Capital Advisors LLC lifted its stake in Timken by 2.4% in the second quarter. Verdence Capital Advisors LLC now owns 6,083 shares of the industrial products company’s stock worth $441,000 after acquiring an additional 140 shares during the period. Pinnacle Associates Ltd. lifted its stake in Timken by 0.6% in the first quarter. Pinnacle Associates Ltd. now owns 25,605 shares of the industrial products company’s stock worth $1,840,000 after acquiring an additional 155 shares during the period. Ethic Inc. lifted its stake in Timken by 2.5% in 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 period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Timken by 2.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,476 shares of the industrial products company’s stock worth $537,000 after acquiring an additional 188 shares during the period. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TKR. DA Davidson upped their price objective on shares of Timken from $71.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a report on Friday. JPMorgan Chase & Co. began coverage on Timken in a report on Monday, September 15th. They set a “neutral” rating and a $80.00 price target for the company. Evercore ISI set a $84.00 price target on Timken and gave the company an “outperform” rating in a report on Tuesday, August 19th. Finally, Citigroup raised their price target on Timken from $85.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $80.73.

Timken Stock Up 0.6%

Shares of TKR opened at $78.18 on Friday. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.73 and a beta of 1.26. Timken Company has a 1 year low of $56.20 and a 1 year high of $86.50. The business’s 50 day simple moving average is $76.39 and its 200-day simple moving average is $73.26. 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 (NYSE:TKR) last released its earnings results on Wednesday, July 30th. The industrial products company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.08. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. Timken had a return on equity of 11.78% and a net margin of 6.86%.The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 EPS. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. As a group, equities analysts expect that Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Dividend Announcement

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 of this dividend was Tuesday, August 19th. This represents a $1.40 dividend on an annualized basis and a yield of 1.8%. Timken’s dividend payout ratio (DPR) is presently 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.