Campbell & CO Investment Adviser LLC Acquires New Holdings in Timken Company (The) $TKR

Campbell & CO Investment Adviser LLC bought a new stake in shares of Timken Company (The) (NYSE:TKR) in the 2nd quarter, Holdings Channel.com reports. The fund bought 23,673 shares of the industrial products company’s stock, valued at approximately $1,717,000.

Other large investors have also modified their holdings of the company. Livelsberger Financial Advisory acquired a new position in shares of Timken during the 2nd quarter worth approximately $28,000. Steph & Co. acquired a new stake in Timken during the 2nd quarter valued at $37,000. CWM LLC increased its position in Timken by 31.4% during the second quarter. CWM LLC now owns 527 shares of the industrial products company’s stock worth $38,000 after buying an additional 126 shares in the last quarter. Hantz Financial Services Inc. raised its holdings 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 worth $71,000 after acquiring an additional 822 shares during the last quarter. Finally, Hilltop National Bank acquired a new position in Timken in the 2nd quarter valued at about $74,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a research note on Wednesday, October 8th. Evercore ISI set a $84.00 price target on Timken and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. JPMorgan Chase & Co. lifted their price objective on Timken from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded Timken from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Citigroup increased their target price on Timken from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $82.20.

Timken Stock Performance

Timken stock opened at $78.95 on Tuesday. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 1.74 and a beta of 1.31. Timken Company has a 12 month low of $56.20 and a 12 month high of $84.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.11 and a quick ratio of 1.72. The stock’s 50-day moving average is $76.50 and its 200-day moving average is $74.67.

Timken (NYSE:TKR) last announced its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.37 earnings per share for the quarter, beating 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 firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the company posted $1.23 earnings per share. Timken’s revenue was up 2.7% compared to the same quarter last year. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. Equities analysts anticipate that Timken Company will post 5.62 earnings per share for the current year.

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.