Keybank National Association OH Trims Stake in Timken Company (The) $TKR

Keybank National Association OH cut its holdings in Timken Company (The) (NYSE:TKR) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 350,170 shares of the industrial products company’s stock after selling 2,781 shares during the period. Keybank National Association OH’s holdings in Timken were worth $25,405,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Livelsberger Financial Advisory purchased a new stake in shares of Timken in the 2nd quarter worth $28,000. Steph & Co. purchased a new stake in shares of Timken in the 2nd quarter worth $37,000. CWM LLC increased its stake in shares of Timken by 31.4% in the 2nd quarter. CWM LLC now owns 527 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 126 shares in the last quarter. Hantz Financial Services Inc. increased its position in Timken by 537.3% in the second quarter. Hantz Financial Services Inc. now owns 975 shares of the industrial products company’s stock worth $71,000 after buying an additional 822 shares in the last quarter. Finally, Hilltop National Bank purchased a new stake in Timken in the second quarter worth about $74,000. 89.08% of the stock is currently owned by institutional investors.

Timken Trading Down 0.8%

Shares of Timken stock opened at $78.63 on Friday. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 1.74 and a beta of 1.26. The business has a 50-day moving average price of $76.54 and a 200-day moving average price of $73.70. The company has a quick ratio of 1.72, a current ratio of 3.11 and a debt-to-equity ratio of 0.63. Timken Company has a twelve month low of $56.20 and a twelve month high of $84.86.

Timken (NYSE:TKR) last released 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. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Timken had a return on equity of 11.88% and a net margin of 6.54%.The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 EPS. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. Equities research analysts anticipate that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Dividend Announcement

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

Analyst Upgrades and Downgrades

TKR has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a research report on Wednesday, October 8th. DA Davidson increased their target price on shares of Timken from $71.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Evercore ISI set a $84.00 price objective on shares of Timken and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Citigroup increased their price objective on shares of Timken from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Timken from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday. Four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $82.36.

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.