Timken Company (The) $TKR Shares Sold by Southernsun Asset Management LLC

Southernsun Asset Management LLC reduced its position in Timken Company (The) (NYSE:TKR) by 15.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 376,106 shares of the industrial products company’s stock after selling 71,341 shares during the period. Timken comprises about 3.8% of Southernsun Asset Management LLC’s portfolio, making the stock its 11th biggest holding. Southernsun Asset Management LLC owned about 0.54% of Timken worth $27,286,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TKR. iSAM Funds UK Ltd purchased a new position in Timken in the second quarter valued at $460,000. California Public Employees Retirement System boosted its stake in shares of Timken by 4.1% during the 2nd quarter. California Public Employees Retirement System now owns 120,252 shares of the industrial products company’s stock worth $8,724,000 after acquiring an additional 4,749 shares in the last quarter. Gabelli Funds LLC grew its position in shares of Timken by 6.8% during the 2nd quarter. Gabelli Funds LLC now owns 292,569 shares of the industrial products company’s stock valued at $21,226,000 after acquiring an additional 18,578 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Timken by 32.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 14,876 shares of the industrial products company’s stock valued at $1,079,000 after purchasing an additional 3,637 shares in the last quarter. Finally, Brown Advisory Inc. increased its stake in shares of Timken by 3.6% in the 2nd quarter. Brown Advisory Inc. now owns 901,988 shares of the industrial products company’s stock valued at $65,439,000 after purchasing an additional 31,495 shares in the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Timken news, Director Richard G. Kyle sold 15,837 shares of the business’s stock in a transaction on 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 transaction, the director owned 266,942 shares of the company’s stock, valued at approximately $21,630,310.26. The trade was a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 8.37% of the company’s stock.

Timken Stock Performance

NYSE:TKR opened at $83.36 on Tuesday. The company has a market cap of $5.81 billion, a P/E ratio of 19.71, a P/E/G ratio of 1.83 and a beta of 1.22. Timken Company has a twelve month low of $56.20 and a twelve month high of $84.43. The company’s 50-day moving average price is $77.45 and its 200-day moving average price is $76.13. The company has a current ratio of 3.11, a quick ratio of 1.71 and a debt-to-equity ratio of 0.63.

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

Timken Announces Dividend

The business 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. 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 dividend payout ratio (DPR) is currently 33.10%.

Analyst Upgrades and Downgrades

Several analysts have commented on TKR shares. Citigroup raised their price objective on Timken from $85.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Oppenheimer reissued an “outperform” rating on shares of Timken in a research note on Monday, November 24th. JPMorgan Chase & Co. upped their price objective on shares of Timken from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. DA Davidson lifted their target price on shares of Timken from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Finally, Wall Street Zen raised shares of Timken from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $82.20.

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.