Ensign Peak Advisors Inc Sells 1,400 Shares of Timken Company (The) $TKR

Ensign Peak Advisors Inc lowered its stake in shares of Timken Company (The) (NYSE:TKR) by 6.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 19,633 shares of the industrial products company’s stock after selling 1,400 shares during the period. Ensign Peak Advisors Inc’s holdings in Timken were worth $1,424,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Livelsberger Financial Advisory purchased a new position in shares of Timken during the second quarter valued at approximately $28,000. Steph & Co. bought a new stake in Timken in the 2nd quarter worth approximately $37,000. CWM LLC raised its stake in Timken by 31.4% during the 2nd 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. Hantz Financial Services Inc. lifted its holdings in shares of Timken by 537.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 975 shares of the industrial products company’s stock valued at $71,000 after buying an additional 822 shares during the period. Finally, Hilltop National Bank purchased a new position in shares of Timken in the 2nd quarter worth $74,000. 89.08% of the stock is currently owned by institutional investors.

Timken Trading Up 0.0%

Timken stock opened at $81.39 on Friday. Timken Company has a 12-month low of $56.20 and a 12-month high of $84.43. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 1.74 and a beta of 1.31. The firm has a 50 day moving average of $76.71 and a 200 day moving average of $75.66. The company has a current ratio of 3.11, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63.

Timken (NYSE:TKR) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.12. The business had revenue of $1.16 billion during 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%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 earnings per share. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, research analysts predict that Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 25th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $1.40 dividend on an annualized basis and a yield of 1.7%. Timken’s dividend payout ratio (DPR) is currently 33.10%.

Insider Activity at Timken

In other news, Director Richard G. Kyle sold 15,837 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $81.03, for a total value of $1,283,272.11. Following the completion of the transaction, the director owned 266,942 shares of the company’s stock, valued at $21,630,310.26. This represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on TKR shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research report on Wednesday, October 8th. Oppenheimer reaffirmed an “outperform” rating on shares of Timken in a research report on Monday. DA Davidson raised their price objective on shares of Timken from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Evercore ISI set a $84.00 target price on shares of Timken and gave the company an “outperform” rating in a research report on Tuesday, August 19th. Finally, Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Timken has a consensus rating of “Hold” and an average target price of $82.20.

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.