Dimensional Fund Advisors LP Grows Stock Holdings in Timken Company (The) $TKR

Dimensional Fund Advisors LP increased its stake in shares of Timken Company (The) (NYSE:TKR) by 6.0% in the 1st quarter, Holdings Channel reports. The firm owned 2,367,167 shares of the industrial products company’s stock after buying an additional 133,674 shares during the period. Dimensional Fund Advisors LP’s holdings in Timken were worth $170,124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in TKR. Raymond James Financial Inc. purchased a new position in shares of Timken during the fourth quarter valued at approximately $14,460,000. Marshall Wace LLP purchased a new position in shares of Timken during the fourth quarter valued at approximately $382,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Timken by 8.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 47,856 shares of the industrial products company’s stock valued at $3,412,000 after purchasing an additional 3,564 shares during the last quarter. Commerce Bank raised its holdings in shares of Timken by 5.2% during the fourth quarter. Commerce Bank now owns 6,306 shares of the industrial products company’s stock valued at $450,000 after purchasing an additional 312 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Timken by 9.0% during the fourth quarter. MetLife Investment Management LLC now owns 35,982 shares of the industrial products company’s stock valued at $2,568,000 after purchasing an additional 2,983 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TKR has been the subject of a number of research reports. Oppenheimer reduced their target price on shares of Timken from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Citigroup upped their target price on shares of Timken from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 24th. DA Davidson upped their target price on shares of Timken from $71.00 to $80.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Finally, Evercore ISI set a $84.00 target price on shares of Timken and gave the company an “outperform” rating in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $79.80.

Timken Stock Performance

TKR opened at $76.8970 on Wednesday. Timken Company has a fifty-two week low of $56.20 and a fifty-two week high of $87.52. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.72 and a current ratio of 3.13. The company has a fifty day moving average of $75.73 and a 200 day moving average of $73.05. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.68 and a beta of 1.30.

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

Timken Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, August 19th. Timken’s dividend payout ratio (DPR) is 31.82%.

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.