300,934 Shares in Timken Company (The) $TKR Acquired by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. bought a new stake in Timken Company (The) (NYSE:TKR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 300,934 shares of the industrial products company’s stock, valued at approximately $22,624,000. Deprince Race & Zollo Inc. owned approximately 0.43% of Timken as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TKR. Cooke & Bieler LP increased its position in shares of Timken by 341.0% in the 2nd quarter. Cooke & Bieler LP now owns 1,106,981 shares of the industrial products company’s stock valued at $80,311,000 after purchasing an additional 855,961 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Timken by 13.4% during the second quarter. American Century Companies Inc. now owns 3,845,175 shares of the industrial products company’s stock worth $278,968,000 after purchasing an additional 455,050 shares in the last quarter. Invesco Ltd. grew its stake in shares of Timken by 241.7% during the second quarter. Invesco Ltd. now owns 604,879 shares of the industrial products company’s stock worth $43,884,000 after purchasing an additional 427,879 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Timken by 57.3% in the second quarter. Bank of New York Mellon Corp now owns 1,107,778 shares of the industrial products company’s stock valued at $80,369,000 after buying an additional 403,629 shares during the last quarter. Finally, Brandes Investment Partners LP raised its stake in Timken by 358.8% in the second quarter. Brandes Investment Partners LP now owns 513,641 shares of the industrial products company’s stock valued at $37,265,000 after buying an additional 401,694 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Insider Activity at Timken

In other news, Director Richard G. Kyle sold 15,837 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $81.03, for a total transaction of $1,283,272.11. Following the completion of the sale, the director owned 266,942 shares in the company, valued at approximately $21,630,310.26. This represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.70% of the company’s stock.

Timken Price Performance

Shares of NYSE TKR opened at $86.50 on Friday. The stock has a market cap of $6.03 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.90 and a beta of 1.22. Timken Company has a twelve month low of $56.20 and a twelve month high of $89.21. The stock has a 50 day moving average of $80.64 and a two-hundred day moving average of $77.63. The company has a current ratio of 3.11, a quick ratio of 1.71 and a debt-to-equity ratio of 0.63.

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

Timken Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Tuesday, November 25th were paid a $0.35 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $1.40 dividend on an annualized basis and a yield of 1.6%. Timken’s payout ratio is currently 33.10%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TKR shares. Oppenheimer reaffirmed an “outperform” rating on shares of Timken in a research report on Monday, November 24th. JPMorgan Chase & Co. boosted their target price on Timken from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $88.00 price target on shares of Timken in a research note on Thursday, October 30th. Wall Street Zen raised shares of Timken from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Citigroup boosted their price objective on shares of Timken from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $83.20.

Timken Company Profile

The Timken Company is a global manufacturer specializing in engineered bearings and mechanical power transmission products. Its core offerings include tapered and cylindrical roller bearings, spherical and plain bearings, mounted bearing units, and precision gear drives. Timken’s products serve a broad range of industries, from industrial machinery and aerospace to automotive, rail, wind energy and heavy equipment.

Beyond bearings, Timken’s portfolio extends to industrial chains, belts, couplings and related components designed to optimize power transmission systems.