Keybank National Association OH Lowers Position in Timken Company (The) $TKR

Keybank National Association OH lessened its position in Timken Company (The) (NYSE:TKR) by 0.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 350,170 shares of the industrial products company’s stock after selling 2,781 shares during the quarter. Keybank National Association OH owned approximately 0.50% of Timken worth $25,405,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Citigroup lifted their target price on shares of Timken from $85.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Evercore ISI set a $84.00 price objective on Timken and gave the company an “outperform” rating in a research note on Tuesday, August 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $88.00 price target on shares of Timken in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price target on Timken from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday. Four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $82.36.

Timken Stock Down 0.8%

TKR opened at $78.63 on Friday. The company has a quick ratio of 1.72, a current ratio of 3.11 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average price of $76.54 and a 200-day moving average price of $73.70. Timken Company has a twelve month low of $56.20 and a twelve month high of $84.86. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 1.74 and a beta of 1.26.

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

Timken Dividend Announcement

The company 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. This represents a $1.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, August 19th. Timken’s dividend payout ratio is 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.