Rathbones Group PLC Acquires 2,400 Shares of Timken Company (The) $TKR

Rathbones Group PLC raised its holdings in Timken Company (The) (NYSE:TKR) by 33.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,600 shares of the industrial products company’s stock after acquiring an additional 2,400 shares during the period. Rathbones Group PLC’s holdings in Timken were worth $696,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TKR. Livelsberger Financial Advisory acquired a new stake in shares of Timken in the 2nd quarter valued at approximately $28,000. Steph & Co. acquired a new stake in Timken in the second quarter valued at approximately $37,000. 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 worth $38,000 after buying an additional 126 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Timken by 537.3% during 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 bought a new position in shares of Timken in the 2nd quarter valued at $74,000. Institutional investors own 89.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TKR. Wall Street Zen raised Timken from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. DA Davidson lifted 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. Citigroup boosted their target price on shares of Timken from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Evercore ISI set a $84.00 price target on shares of Timken and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $88.00 price objective on shares of Timken in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $82.20.

Timken Trading Down 0.0%

NYSE:TKR opened at $78.95 on Tuesday. Timken Company has a 52 week low of $56.20 and a 52 week high of $84.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.11. The firm’s fifty day moving average is $76.50 and its 200-day moving average is $74.67. The firm has a market cap of $5.50 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.74 and a beta of 1.31.

Timken (NYSE:TKR) last announced its 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 the consensus estimate of $1.12 billion. Timken had a net margin of 6.54% and a return on equity of 11.88%. Timken’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 earnings per share. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. Equities analysts expect that Timken Company will post 5.62 earnings per share for the current year.

Timken Company 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.