Edmp Inc. Lowers Stock Position in Timken Company (The) $TKR

Edmp Inc. reduced its stake in Timken Company (The) (NYSE:TKR) by 13.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,764 shares of the industrial products company’s stock after selling 721 shares during the quarter. Edmp Inc.’s holdings in Timken were worth $346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Livelsberger Financial Advisory purchased a new stake in Timken in the second quarter valued at approximately $28,000. Steph & Co. purchased a new stake in Timken in the second quarter valued at approximately $37,000. CWM LLC raised its stake in 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 in the last quarter. Hilltop National Bank bought a new position in Timken during the second quarter valued at approximately $74,000. Finally, GAMMA Investing LLC grew its position in Timken by 282.3% during the first quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 847 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Stock Performance

Shares of TKR stock opened at $72.59 on Tuesday. Timken Company has a 12 month low of $56.20 and a 12 month high of $87.52. The stock has a market cap of $5.06 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.56 and a beta of 1.26. The company has a current ratio of 3.13, a quick ratio of 1.72 and a debt-to-equity ratio of 0.65. The company’s fifty day moving average price is $76.41 and its 200-day moving average price is $72.56.

Timken (NYSE:TKR) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.08. Timken had a net margin of 6.86% and a return on equity of 11.78%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business posted $1.63 EPS. The company’s quarterly revenue was down .8% on a year-over-year basis. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. On average, equities analysts expect that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, August 19th. Timken’s payout ratio is 31.82%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Citigroup increased their price target on shares of Timken from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. initiated coverage on shares of Timken in a report on Monday, September 15th. They issued a “neutral” rating and a $80.00 target price on the stock. DA Davidson raised their target price 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 Wednesday, October 8th. Finally, Evercore ISI set a $84.00 price target on shares of Timken and gave the company an “outperform” rating in a report on Tuesday, August 19th. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $80.73.

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.