Yousif Capital Management LLC Sells 430 Shares of Timken Company (The) $TKR

Yousif Capital Management LLC lowered its stake in shares of Timken Company (The) (NYSE:TKR) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,568 shares of the industrial products company’s stock after selling 430 shares during the period. Yousif Capital Management LLC’s holdings in Timken were worth $1,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC raised its position in shares of Timken by 31.4% during 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. Pinnacle Associates Ltd. raised its position in shares of Timken by 0.6% during the first quarter. Pinnacle Associates Ltd. now owns 25,605 shares of the industrial products company’s stock valued at $1,840,000 after buying an additional 155 shares during the last quarter. Blue Trust Inc. increased its position in Timken by 9.2% in the first quarter. Blue Trust Inc. now owns 2,050 shares of the industrial products company’s stock worth $147,000 after purchasing an additional 173 shares during the last quarter. Ethic Inc. increased its position in Timken by 2.5% in the first quarter. Ethic Inc. now owns 7,056 shares of the industrial products company’s stock worth $485,000 after purchasing an additional 174 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Timken by 2.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,476 shares of the industrial products company’s stock worth $537,000 after purchasing an additional 188 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TKR. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a research report on Wednesday, October 8th. JPMorgan Chase & Co. began coverage on shares of Timken in a research report on Monday, September 15th. They issued a “neutral” rating and a $80.00 price target on the stock. DA Davidson boosted their price target on shares of Timken from $71.00 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Citigroup boosted their price target on shares of Timken from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Finally, Evercore ISI set a $84.00 price target on shares of Timken and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $80.73.

Timken Stock Down 1.2%

NYSE TKR opened at $73.14 on Monday. The company has a quick ratio of 1.72, a current ratio of 3.13 and a debt-to-equity ratio of 0.65. The company has a fifty day moving average of $76.40 and a two-hundred day moving average of $72.71. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.61 and a beta of 1.26. Timken Company has a 52 week low of $56.20 and a 52 week high of $87.52.

Timken (NYSE:TKR) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.34 by $0.08. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. Timken had a net margin of 6.86% and a return on equity of 11.78%. Timken’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.63 earnings per share. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. On average, analysts predict that Timken Company will post 5.62 earnings per share for the current year.

Timken Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, August 19th. Timken’s payout ratio is currently 31.82%.

Timken Company 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.