WESCAP Management Group Inc. Cuts Stock Position in Timken Company (The) $TKR

WESCAP Management Group Inc. trimmed its stake in Timken Company (The) (NYSE:TKR) by 7.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,032 shares of the industrial products company’s stock after selling 1,316 shares during the quarter. WESCAP Management Group Inc.’s holdings in Timken were worth $1,163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TKR. Livelsberger Financial Advisory bought a new position in Timken in the 2nd quarter worth about $28,000. Steph & Co. bought a new stake in Timken during the 2nd quarter valued at about $37,000. CWM LLC increased 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 purchasing an additional 126 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Timken by 537.3% in 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 during the last quarter. Finally, Hilltop National Bank bought a new position in shares of Timken in the second quarter worth approximately $74,000. 89.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a research report on Wednesday, October 8th. Wall Street Zen raised Timken from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $88.00 price target on shares of Timken in a report on Thursday, October 30th. DA Davidson increased their price objective on Timken from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Citigroup boosted their target price on Timken from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Timken presently has a consensus rating of “Hold” and a consensus target price of $82.20.

Timken Stock Performance

TKR stock opened at $79.06 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.11 and a quick ratio of 1.72. Timken Company has a 1 year low of $56.20 and a 1 year high of $84.43. The company has a market cap of $5.51 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 1.74 and a beta of 1.31. The stock’s fifty day moving average price is $76.47 and its 200-day moving average price is $74.39.

Timken (NYSE:TKR) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.12. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate 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 earnings per share. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. On average, equities analysts forecast that Timken Company will post 5.62 earnings per share for the current year.

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.