The Timken Company (NYSE:TKR) Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC lowered its holdings in The Timken Company (NYSE:TKR) by 3.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,090 shares of the industrial products company’s stock after selling 159 shares during the period. Integrated Investment Consultants LLC’s holdings in Timken were worth $345,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Creative Planning raised its position in Timken by 1.7% in the 2nd quarter. Creative Planning now owns 9,123 shares of the industrial products company’s stock valued at $731,000 after purchasing an additional 150 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its holdings in Timken by 1.0% in the third quarter. Beese Fulmer Investment Management Inc. now owns 15,208 shares of the industrial products company’s stock valued at $1,282,000 after acquiring an additional 155 shares in the last quarter. Blue Trust Inc. lifted its stake in Timken by 20.0% in the third quarter. Blue Trust Inc. now owns 997 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 166 shares during the last quarter. UMB Bank n.a. grew its holdings in Timken by 64.1% during the 3rd quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 168 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its position in shares of Timken by 3.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 4,539 shares of the industrial products company’s stock valued at $383,000 after purchasing an additional 168 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Price Performance

TKR stock opened at $75.96 on Friday. The company has a current ratio of 3.00, a quick ratio of 1.62 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $5.33 billion, a P/E ratio of 15.79, a PEG ratio of 1.12 and a beta of 1.43. The business has a 50 day simple moving average of $81.45 and a 200-day simple moving average of $82.90. The Timken Company has a twelve month low of $71.57 and a twelve month high of $94.71.

Timken (NYSE:TKR) last issued its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.15). The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. Timken had a return on equity of 14.82% and a net margin of 7.41%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 EPS. As a group, equities analysts anticipate that The Timken Company will post 5.61 EPS for the current year.

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, November 19th. Timken’s dividend payout ratio is presently 28.27%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Citigroup initiated coverage on shares of Timken in a research report on Monday, October 14th. They set a “neutral” rating and a $90.00 price objective for the company. Evercore ISI raised Timken from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $87.00 to $91.00 in a report on Wednesday, November 13th. KeyCorp reiterated a “sector weight” rating on shares of Timken in a report on Friday. DA Davidson cut their target price on Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Oppenheimer lowered their price target on Timken from $102.00 to $97.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Timken has an average rating of “Hold” and an average price target of $90.00.

Insiders Place Their Bets

In other news, Director Richard G. Kyle sold 30,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $76.59, for a total value of $2,297,700.00. Following the completion of the sale, the director now owns 194,485 shares in the company, valued at approximately $14,895,606.15. This trade represents a 13.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.70% of the stock is owned by insiders.

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.