Thomist Capital Management LP Invests $3.06 Million in Timken Company (The) $TKR

Thomist Capital Management LP purchased a new position in Timken Company (The) (NYSE:TKR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 41,800 shares of the industrial products company's stock, valued at approximately $3,060,000. Timken makes up 0.9% of Thomist Capital Management LP's investment portfolio, making the stock its 18th largest holding. Thomist Capital Management LP owned approximately 0.06% of Timken at the end of the most recent reporting period.

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A number of other institutional investors and hedge funds have also bought and sold shares of TKR. Livelsberger Financial Advisory bought a new position in shares of Timken in the second quarter worth approximately $28,000. Steph & Co. bought a new position in Timken in the 2nd quarter valued at approximately $37,000. CWM LLC boosted 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 during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Timken by 537.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 975 shares of the industrial products company's stock worth $71,000 after purchasing an additional 822 shares in the last quarter. Finally, Hilltop National Bank purchased a new position in shares of Timken in the second quarter worth $74,000. 89.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TKR shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Timken in a report on Wednesday, October 8th. DA Davidson raised their price target on Timken from $80.00 to $86.00 and gave the stock a "neutral" rating in a research note on Monday, November 3rd. Oppenheimer reiterated an "outperform" rating on shares of Timken in a research report on Monday, November 24th. Wall Street Zen raised Timken from a "hold" rating to a "buy" rating in a report on Saturday, November 1st. Finally, Evercore ISI set a $84.00 price target on Timken and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, Timken presently has an average rating of "Hold" and a consensus price target of $82.20.

Check Out Our Latest Report on Timken

Insider Activity at Timken

In related news, Director Richard G. Kyle sold 15,837 shares of the company's stock in a transaction on Tuesday, November 25th. The shares were 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 approximately $21,630,310.26. This represents a 5.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 8.70% of the stock is owned by insiders.

Timken Price Performance

NYSE TKR opened at $79.80 on Wednesday. The business's fifty day moving average is $76.83 and its 200 day moving average is $75.79. Timken Company has a fifty-two week low of $56.20 and a fifty-two 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 company has a market capitalization of $5.56 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 1.74 and a beta of 1.31.

Timken (NYSE:TKR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.37 EPS for the quarter, topping 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 firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company earned $1.23 earnings per share. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. Sell-side analysts predict that Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 25th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Tuesday, November 25th. Timken's dividend payout ratio is presently 33.10%.

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.

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