Southernsun Asset Management LLC Reduces Holdings in Timken Company (The) $TKR

Southernsun Asset Management LLC lowered its holdings in Timken Company (The) (NYSE:TKR) by 15.9% during the second quarter, Holdings Channel.com reports. The firm owned 376,106 shares of the industrial products company’s stock after selling 71,341 shares during the period. Timken makes up 3.8% of Southernsun Asset Management LLC’s holdings, making the stock its 11th biggest holding. Southernsun Asset Management LLC’s holdings in Timken were worth $27,286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Livelsberger Financial Advisory purchased a new position in shares of Timken during the 2nd quarter worth approximately $28,000. Steph & Co. purchased a new position in shares of Timken during the second quarter worth $37,000. CWM LLC grew its stake in shares of Timken by 31.4% in the second quarter. CWM LLC now owns 527 shares of the industrial products company’s stock valued at $38,000 after buying an additional 126 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Timken by 1,954.3% in the second quarter. EverSource Wealth Advisors LLC now owns 719 shares of the industrial products company’s stock valued at $52,000 after buying an additional 684 shares in the last quarter. Finally, Hantz Financial Services Inc. raised 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 valued at $71,000 after buying an additional 822 shares during the period. 89.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Timken news, Director Richard G. Kyle sold 15,837 shares of the firm’s stock in a transaction on 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 sale, the director directly owned 266,942 shares in the company, valued at $21,630,310.26. This trade represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. The Goldman Sachs Group restated a “neutral” rating and set a $88.00 target price on shares of Timken in a report on Thursday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of Timken from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Oppenheimer restated an “outperform” rating on shares of Timken in a report on Monday, November 24th. Wall Street Zen raised shares of Timken from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Evercore ISI set a $84.00 price target on shares of Timken and gave the company an “outperform” rating in a research report on Tuesday, August 19th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $82.20.

Timken Stock Performance

Shares of Timken stock opened at $83.36 on Tuesday. The business has a 50-day simple moving average of $77.45 and a 200-day simple moving average of $76.13. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.71 and a current ratio of 3.11. Timken Company has a one year low of $56.20 and a one year high of $84.43. The company has a market cap of $5.81 billion, a PE ratio of 19.71, a P/E/G ratio of 1.83 and a beta of 1.22.

Timken (NYSE:TKR) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm earned $1.23 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. On average, equities research analysts forecast that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Tuesday, November 25th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, November 25th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.7%. Timken’s payout ratio is presently 33.10%.

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.