Deprince Race & Zollo Inc. Takes Position in Timken Company (The) $TKR

Deprince Race & Zollo Inc. purchased a new position in shares of Timken Company (The) (NYSE:TKR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 300,934 shares of the industrial products company’s stock, valued at approximately $22,624,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TKR. Jump Financial LLC purchased a new position in Timken during the 1st quarter worth $259,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Timken during the first quarter worth about $1,322,000. Landscape Capital Management L.L.C. raised its holdings in Timken by 10.0% during the first quarter. Landscape Capital Management L.L.C. now owns 8,725 shares of the industrial products company’s stock worth $627,000 after purchasing an additional 795 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Timken in the first quarter valued at about $403,000. Finally, The Manufacturers Life Insurance Company lifted its position in Timken by 12.8% in the first quarter. The Manufacturers Life Insurance Company now owns 593,153 shares of the industrial products company’s stock valued at $42,630,000 after purchasing an additional 67,541 shares during the period. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Timken Price Performance

TKR stock opened at $86.50 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 firm has a market cap of $6.03 billion, a P/E ratio of 20.45, a PEG ratio of 1.90 and a beta of 1.22. Timken Company has a 1 year low of $56.20 and a 1 year high of $89.21. The stock’s 50 day moving average price is $80.64 and its 200 day moving average price is $77.63.

Timken (NYSE:TKR) last issued 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. Timken had a return on equity of 11.88% and a net margin of 6.54%.The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm posted $1.23 EPS. Timken’s revenue was up 2.7% on a year-over-year basis. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. On average, sell-side analysts expect that Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Tuesday, November 25th were issued a $0.35 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $1.40 annualized dividend and a yield of 1.6%. Timken’s dividend payout ratio (DPR) is presently 33.10%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TKR shares. JPMorgan Chase & Co. boosted their target price on Timken from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. DA Davidson upped their price objective on Timken from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Citigroup raised their target price on Timken from $90.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a research report on Wednesday, October 8th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Timken in a research note on Monday, November 24th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $83.20.

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 directly owned 266,942 shares in the company, valued at approximately $21,630,310.26. This trade represents a 5.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 8.70% of the company’s stock.

Timken Company Profile

The Timken Company is a global manufacturer specializing in engineered bearings and mechanical power transmission products. Its core offerings include tapered and cylindrical roller bearings, spherical and plain bearings, mounted bearing units, and precision gear drives. Timken’s products serve a broad range of industries, from industrial machinery and aerospace to automotive, rail, wind energy and heavy equipment.

Beyond bearings, Timken’s portfolio extends to industrial chains, belts, couplings and related components designed to optimize power transmission systems.