Quantbot Technologies LP Increases Stake in Timken Company (The) $TKR

Quantbot Technologies LP lifted its stake in Timken Company (The) (NYSE:TKR) by 14.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,938 shares of the industrial products company’s stock after purchasing an additional 4,371 shares during the quarter. Quantbot Technologies LP’s holdings in Timken were worth $2,439,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Timken by 282.3% in the 1st quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 847 shares during the last quarter. Teacher Retirement System of Texas raised its position in Timken by 77.8% during the 1st quarter. Teacher Retirement System of Texas now owns 11,912 shares of the industrial products company’s stock worth $856,000 after buying an additional 5,212 shares during the last quarter. State of Alaska Department of Revenue raised its position in Timken by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 35,118 shares of the industrial products company’s stock worth $2,523,000 after buying an additional 190 shares during the last quarter. Vanguard Group Inc. raised its position in Timken by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 6,646,465 shares of the industrial products company’s stock worth $477,681,000 after buying an additional 180,705 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Timken by 48.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 530,734 shares of the industrial products company’s stock worth $36,483,000 after buying an additional 174,145 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on TKR shares. Evercore ISI set a $84.00 price target on shares of Timken and gave the stock an “outperform” rating in a research report on Tuesday. Oppenheimer reduced their price target on shares of Timken from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. DA Davidson raised their price target on shares of Timken from $71.00 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Citigroup raised their price target on shares of Timken from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 24th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $79.80.

Timken Price Performance

NYSE:TKR opened at $75.9450 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.13 and a quick ratio of 1.72. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 1.69 and a beta of 1.30. The company has a 50 day moving average price of $75.80 and a 200-day moving average price of $73.07. Timken Company has a 1-year low of $56.20 and a 1-year high of $87.52.

Timken (NYSE:TKR) last posted 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 during the quarter, compared to analyst estimates of $1.15 billion. Timken had a net margin of 6.86% and a return on equity of 11.78%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 EPS. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. Equities research analysts forecast that Timken Company will post 5.62 EPS for the current year.

Timken Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Tuesday, August 19th will be paid a $0.35 dividend. The ex-dividend date of this dividend is 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 currently 31.82%.

About Timken

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.