Frontier Capital Management Co. LLC Purchases 190,628 Shares of Timken Company (The) $TKR

Frontier Capital Management Co. LLC grew its holdings in Timken Company (The) (NYSE:TKR) by 33.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 766,793 shares of the industrial products company’s stock after purchasing an additional 190,628 shares during the period. Frontier Capital Management Co. LLC owned approximately 1.10% of Timken worth $55,631,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CWM LLC lifted its holdings in shares of Timken by 31.4% in the second quarter. CWM LLC now owns 527 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 126 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in Timken by 2.4% in the second quarter. Verdence Capital Advisors LLC now owns 6,083 shares of the industrial products company’s stock valued at $441,000 after buying an additional 140 shares in the last quarter. Ethic Inc. grew its stake in shares of Timken by 2.5% during the first quarter. Ethic Inc. now owns 7,056 shares of the industrial products company’s stock worth $485,000 after buying an additional 174 shares during the last quarter. Keeley Teton Advisors LLC raised its position in Timken by 1.1% in the first quarter. Keeley Teton Advisors LLC now owns 22,133 shares of the industrial products company’s stock valued at $1,591,000 after purchasing an additional 239 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Timken by 12.4% during the 2nd quarter. Blue Trust Inc. now owns 2,305 shares of the industrial products company’s stock worth $167,000 after buying an additional 255 shares during the period. Institutional investors own 89.08% of the company’s stock.

Insider Activity

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 transaction, the director directly owned 266,942 shares of the company’s stock, valued at approximately $21,630,310.26. The trade was a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TKR has been the topic of several recent analyst reports. Evercore ISI set a $84.00 target price on shares of Timken and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. JPMorgan Chase & Co. boosted their price target on Timken from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Oppenheimer reaffirmed an “outperform” rating on shares of Timken in a research report on Monday, November 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $88.00 target price on shares of Timken in a report on Thursday, October 30th. Finally, Wall Street Zen raised Timken from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Timken presently has an average rating of “Hold” and a consensus target price of $82.20.

Timken Stock Performance

NYSE:TKR opened at $87.48 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.11 and a quick ratio of 1.71. The business’s fifty day moving average price is $77.86 and its 200 day moving average price is $76.31. Timken Company has a 12 month low of $56.20 and a 12 month high of $87.73. The firm has a market capitalization of $6.09 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 1.83 and a beta of 1.22.

Timken (NYSE:TKR) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.12. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. Timken had a return on equity of 11.88% and a net margin of 6.54%.Timken’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 EPS. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. On average, sell-side analysts anticipate that Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

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