Brown Advisory Inc. Grows Position in Timken Company (The) $TKR

Brown Advisory Inc. raised its position in Timken Company (The) (NYSE:TKR) by 3.6% during the second quarter, HoldingsChannel.com reports. The firm owned 901,988 shares of the industrial products company’s stock after purchasing an additional 31,495 shares during the period. Brown Advisory Inc.’s holdings in Timken were worth $65,439,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. CWM LLC grew its stake 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. Verdence Capital Advisors LLC boosted its holdings in Timken by 2.4% during the 2nd quarter. Verdence Capital Advisors LLC now owns 6,083 shares of the industrial products company’s stock valued at $441,000 after acquiring an additional 140 shares during the period. Ethic Inc. grew its position in Timken by 2.5% in the 1st quarter. Ethic Inc. now owns 7,056 shares of the industrial products company’s stock valued at $485,000 after acquiring an additional 174 shares during the last quarter. Covestor Ltd increased its stake in Timken by 11.4% in the first quarter. Covestor Ltd now owns 2,302 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 235 shares during the period. Finally, Keeley Teton Advisors LLC lifted its position in shares of Timken by 1.1% during the first quarter. Keeley Teton Advisors LLC now owns 22,133 shares of the industrial products company’s stock worth $1,591,000 after purchasing an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TKR. The Goldman Sachs Group restated a “neutral” rating and issued a $88.00 price target on shares of Timken in a report on Thursday, October 30th. Oppenheimer restated an “outperform” rating on shares of Timken in a research note on Monday, November 24th. DA Davidson raised their target price on shares of Timken from $80.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. boosted their price target on Timken from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, Citigroup raised their price objective on Timken from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Timken presently has an average rating of “Hold” and a consensus target price of $82.20.

Insider Buying and Selling at Timken

In related news, Director Richard G. Kyle sold 15,837 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $81.03, for a total transaction of $1,283,272.11. Following the sale, the director owned 266,942 shares of the company’s stock, valued at $21,630,310.26. This trade represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.70% of the stock is owned by company insiders.

Timken Price Performance

Shares of TKR opened at $83.19 on Friday. 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 company has a 50 day moving average price of $77.29 and a 200-day moving average price of $75.96. Timken Company has a fifty-two week low of $56.20 and a fifty-two week high of $84.43. The stock has a market capitalization of $5.80 billion, a PE ratio of 19.67, a PEG ratio of 1.82 and a beta of 1.22.

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

Timken Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, November 25th. Timken’s payout ratio is presently 33.10%.

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.