KBC Group NV Trims Stock Position in Timken Company (The) $TKR

KBC Group NV trimmed its holdings in Timken Company (The) (NYSE:TKR) by 35.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,886 shares of the industrial products company’s stock after selling 1,053 shares during the period. KBC Group NV’s holdings in Timken were worth $137,000 at the end of the most recent quarter.

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

Timken Price Performance

Timken stock opened at $74.59 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. Timken Company has a 52-week low of $56.20 and a 52-week high of $84.43. The firm has a market cap of $5.20 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.74 and a beta of 1.31. The company’s 50 day moving average is $76.39 and its two-hundred day moving average is $75.15.

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

Timken Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 25th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $1.40 dividend on an annualized basis and a yield of 1.9%. Timken’s dividend payout ratio (DPR) is currently 33.10%.

Analyst Ratings Changes

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

Timken 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.