Holistic Financial Partners Buys 1,660 Shares of Timken Company (The) $TKR

Holistic Financial Partners lifted its stake in shares of Timken Company (The) (NYSE:TKR) by 6.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,666 shares of the industrial products company’s stock after purchasing an additional 1,660 shares during the period. Timken accounts for 0.9% of Holistic Financial Partners’ holdings, making the stock its 25th biggest position. Holistic Financial Partners’ holdings in Timken were worth $2,007,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TKR. Victory Capital Management Inc. raised its stake in shares of Timken by 108.8% during the 1st quarter. Victory Capital Management Inc. now owns 1,841,828 shares of the industrial products company’s stock worth $132,372,000 after purchasing an additional 959,672 shares in the last quarter. Channing Capital Management LLC raised its stake in Timken by 631.7% in the 1st quarter. Channing Capital Management LLC now owns 1,083,666 shares of the industrial products company’s stock valued at $77,883,000 after acquiring an additional 935,554 shares during the period. Cooke & Bieler LP raised its stake in Timken by 341.0% in the 2nd quarter. Cooke & Bieler LP now owns 1,106,981 shares of the industrial products company’s stock valued at $80,311,000 after acquiring an additional 855,961 shares during the period. Bank of New York Mellon Corp raised its stake in Timken by 57.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,107,778 shares of the industrial products company’s stock valued at $80,369,000 after acquiring an additional 403,629 shares during the period. Finally, American Century Companies Inc. raised its stake in Timken by 7.3% in the 1st quarter. American Century Companies Inc. now owns 3,390,125 shares of the industrial products company’s stock valued at $243,648,000 after acquiring an additional 231,435 shares during the period. Institutional investors own 89.08% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group restated a “neutral” rating and issued a $88.00 price target on shares of Timken in a research note on Thursday. Evercore ISI set a $84.00 price target on Timken and gave the company an “outperform” rating in a research note on Tuesday, August 19th. DA Davidson increased their price target on Timken from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday. Citigroup increased their price target on Timken from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Finally, Wall Street Zen upgraded Timken from a “hold” rating to a “buy” rating in a research note on Saturday. Four 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, Timken currently has a consensus rating of “Hold” and an average target price of $82.91.

Timken Stock Performance

Shares of NYSE TKR opened at $78.06 on Tuesday. 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 fifty day moving average price is $76.51 and its two-hundred day moving average price is $74.10. Timken Company has a one year low of $56.20 and a one year high of $84.58. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.74 and a beta of 1.26.

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

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 19th. Timken’s dividend payout ratio is currently 33.10%.

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.