Westwood Holdings Group Inc. Acquires 38,842 Shares of Timken Company (The) $TKR

Westwood Holdings Group Inc. increased its holdings in shares of Timken Company (The) (NYSE:TKR) by 14.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 302,997 shares of the industrial products company’s stock after acquiring an additional 38,842 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.44% of Timken worth $21,982,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TKR. American Century Companies Inc. raised its stake in shares of Timken by 13.4% during the 2nd quarter. American Century Companies Inc. now owns 3,845,175 shares of the industrial products company’s stock worth $278,968,000 after purchasing an additional 455,050 shares during the period. Dimensional Fund Advisors LP grew its position in Timken by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,367,167 shares of the industrial products company’s stock valued at $170,124,000 after buying an additional 133,674 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in Timken by 2.4% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,990,929 shares of the industrial products company’s stock worth $143,088,000 after buying an additional 46,090 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Timken by 7.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,378,229 shares of the industrial products company’s stock worth $99,053,000 after acquiring an additional 93,216 shares during the period. Finally, Earnest Partners LLC boosted its stake in Timken by 0.3% in the first quarter. Earnest Partners LLC now owns 1,299,382 shares of the industrial products company’s stock valued at $93,387,000 after acquiring an additional 4,256 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

Insider Buying and Selling

In other news, Director Richard G. Kyle sold 15,837 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $81.03, for a total transaction of $1,283,272.11. Following the completion of the transaction, the director directly owned 266,942 shares in the company, valued at $21,630,310.26. The trade was a 5.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.37% of the stock is currently owned by insiders.

Timken Stock Performance

Shares of TKR opened at $87.33 on Monday. Timken Company has a 52-week low of $56.20 and a 52-week high of $89.21. The stock’s 50-day simple moving average is $78.33 and its 200 day simple moving average is $76.61. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.71 and a current ratio of 3.11. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22.

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 the consensus estimate 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 analysts’ expectations of $1.12 billion. During the same period in the prior year, the business posted $1.23 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. Research analysts forecast that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TKR shares. Evercore ISI set a $84.00 price target on shares of Timken and gave the stock an “outperform” rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. boosted their target price on Timken from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Citigroup upped their price target on Timken from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday. Oppenheimer reissued an “outperform” rating on shares of Timken in a report on Monday, November 24th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $83.20.

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.