Tema Etfs LLC Cuts Holdings in Timken Company (The) $TKR

Tema Etfs LLC lessened its holdings in shares of Timken Company (The) (NYSE:TKR) by 30.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,009 shares of the industrial products company’s stock after selling 45,522 shares during the quarter. Timken makes up 2.0% of Tema Etfs LLC’s portfolio, making the stock its 5th biggest position. Tema Etfs LLC’s holdings in Timken were worth $7,546,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in 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 acquiring an additional 126 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Timken by 2.4% in the 2nd quarter. Verdence Capital Advisors LLC now owns 6,083 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 140 shares during the period. Ethic Inc. lifted its position in shares of Timken by 2.5% in the 1st quarter. Ethic Inc. now owns 7,056 shares of the industrial products company’s stock worth $485,000 after purchasing an additional 174 shares during the period. Covestor Ltd boosted its stake in shares of Timken by 11.4% during the 1st quarter. Covestor Ltd now owns 2,302 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 235 shares in the last quarter. Finally, Keeley Teton Advisors LLC increased its position in shares of Timken by 1.1% during the first quarter. Keeley Teton Advisors LLC now owns 22,133 shares of the industrial products company’s stock valued at $1,591,000 after buying an additional 239 shares during the period. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on TKR shares. Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. The Goldman Sachs Group reiterated a “neutral” rating and set a $88.00 target price on shares of Timken in a report on Thursday, October 30th. Oppenheimer reissued an “outperform” rating on shares of Timken in a research report on Monday, November 24th. DA Davidson raised their target price on Timken from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Finally, Evercore ISI set a $84.00 price objective on Timken and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $82.20.

Timken Price Performance

Shares of NYSE TKR opened at $82.67 on Friday. The company has a 50 day simple moving average of $77.14 and a two-hundred day simple moving average of $75.89. Timken Company has a fifty-two week low of $56.20 and a fifty-two week high of $84.43. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 1.81 and a beta of 1.22. 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 (NYSE:TKR) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.37 earnings per share 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 company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the business posted $1.23 EPS. The firm’s quarterly 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. Analysts expect that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th will be issued a dividend of $0.35 per share. The ex-dividend date is Tuesday, November 25th. This represents a $1.40 annualized dividend and a dividend yield of 1.7%. Timken’s dividend payout ratio (DPR) is presently 33.10%.

Insider Activity

In related news, Director Richard G. Kyle sold 15,837 shares of the company’s stock in a transaction dated 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 transaction, the director owned 266,942 shares in the company, valued at $21,630,310.26. The trade was a 5.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

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.