Slocum Gordon & Co LLP Takes $537,000 Position in Timken Company (The) $TKR

Slocum Gordon & Co LLP acquired a new position in Timken Company (The) (NYSE:TKR) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,400 shares of the industrial products company’s stock, valued at approximately $537,000.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in Timken by 31.4% during the 2nd quarter. CWM LLC now owns 527 shares of the industrial products company’s stock valued at $38,000 after buying an additional 126 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in Timken by 2.4% during the second quarter. Verdence Capital Advisors LLC now owns 6,083 shares of the industrial products company’s stock valued at $441,000 after acquiring an additional 140 shares in the last quarter. Ethic Inc. increased its holdings in Timken by 2.5% in the 1st quarter. Ethic Inc. now owns 7,056 shares of the industrial products company’s stock valued at $485,000 after acquiring an additional 174 shares during the last quarter. Keeley Teton Advisors LLC lifted its stake in Timken by 1.1% in the 1st quarter. Keeley Teton Advisors LLC now owns 22,133 shares of the industrial products company’s stock worth $1,591,000 after purchasing an additional 239 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Timken by 12.4% during the 2nd quarter. Blue Trust Inc. now owns 2,305 shares of the industrial products company’s stock valued at $167,000 after purchasing an additional 255 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Timken from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Citigroup increased their target price on Timken from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday. The Goldman Sachs Group restated a “neutral” rating and issued a $88.00 price target on shares of Timken in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research report on Wednesday, October 8th. Finally, DA Davidson boosted their target price on shares of Timken from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Timken presently has a consensus rating of “Hold” and a consensus price target of $83.20.

Insiders Place Their Bets

In other news, Director Richard G. Kyle sold 15,837 shares of Timken stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $81.03, for a total transaction of $1,283,272.11. Following the completion of the sale, the director directly owned 266,942 shares in the company, valued at approximately $21,630,310.26. This trade represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.70% of the stock is currently owned by insiders.

Timken Price Performance

Timken stock opened at $87.33 on Friday. Timken Company has a 12-month low of $56.20 and a 12-month high of $89.21. The company has a current ratio of 3.11, a quick ratio of 1.71 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $78.33 and a 200-day moving average price of $76.56. The firm has a market capitalization of $6.08 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22.

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. Timken had a net margin of 6.54% and a return on equity of 11.88%. The company 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 company posted $1.23 EPS. The firm’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. As a group, equities research analysts forecast that Timken Company will post 5.62 EPS for the current year.

Timken Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Tuesday, November 25th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, November 25th. Timken’s dividend payout ratio is 33.10%.

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.