Boston Partners Grows Position in Timken Company (The) $TKR

Boston Partners boosted its position in shares of Timken Company (The) (NYSE:TKR) by 141.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,209 shares of the industrial products company’s stock after buying an additional 13,581 shares during the quarter. Boston Partners’ holdings in Timken were worth $1,684,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory acquired a new stake in Timken in the 2nd quarter valued at $28,000. Steph & Co. purchased a new position in Timken during the second quarter valued at $37,000. CWM LLC grew its position in shares of Timken by 31.4% in the second quarter. CWM LLC now owns 527 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 126 shares during the period. Hantz Financial Services Inc. grew its position in shares of Timken by 537.3% in the second quarter. Hantz Financial Services Inc. now owns 975 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 822 shares during the period. Finally, Hilltop National Bank purchased a new stake in shares of Timken during the second quarter worth about $74,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Stock Performance

NYSE:TKR opened at $81.39 on Monday. Timken Company has a fifty-two week low of $56.20 and a fifty-two week high of $84.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.11. The company has a 50 day moving average price of $76.71 and a 200 day moving average price of $75.70. The stock has a market capitalization of $5.67 billion, a P/E ratio of 19.24, a PEG ratio of 1.74 and a beta of 1.31.

Timken (NYSE:TKR) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.12. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. Timken had a return on equity of 11.88% and a net margin of 6.54%.Timken’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 EPS. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. Equities research analysts forecast that Timken Company will post 5.62 EPS for the current year.

Timken Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 25th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, November 25th. Timken’s payout ratio is 33.10%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TKR shares. JPMorgan Chase & Co. boosted their price target on Timken from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Citigroup upped their target price on shares of Timken from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. The Goldman Sachs Group restated a “neutral” rating and set a $88.00 price target on shares of Timken in a research report on Thursday, October 30th. Finally, DA Davidson upped their price objective on shares of Timken from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $82.20.

Insider Activity at Timken

In other news, Director Richard G. Kyle sold 15,837 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $81.03, for a total value of $1,283,272.11. Following the sale, the director directly owned 266,942 shares in the company, valued at approximately $21,630,310.26. This trade represents a 5.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.70% of the company’s stock.

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.