Hilltop Holdings Inc. Has $337,000 Stock Holdings in The Timken Company (NYSE:TKR)

Hilltop Holdings Inc. raised its holdings in The Timken Company (NYSE:TKR) by 59.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,001 shares of the industrial products company’s stock after acquiring an additional 1,487 shares during the quarter. Hilltop Holdings Inc.’s holdings in Timken were worth $337,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Coastline Trust Co acquired a new stake in Timken in the third quarter valued at $29,000. Livelsberger Financial Advisory acquired a new stake in shares of Timken in the third quarter valued at about $32,000. UMB Bank n.a. raised its position in shares of Timken by 64.1% during the third 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Timken in the second quarter worth approximately $44,000. Finally, Brooklyn Investment Group bought a new stake in Timken in the third quarter valued at approximately $74,000. Institutional investors own 89.08% of the company’s stock.

Insider Activity at Timken

In other news, Director Richard G. Kyle sold 30,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was 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 directly owns 194,485 shares of the company’s stock, valued at $14,895,606.15. This represents a 13.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on TKR. Oppenheimer lowered their price target on shares of Timken from $102.00 to $97.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Jefferies Financial Group raised shares of Timken from a “hold” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $95.00 in a research note on Friday. Evercore ISI upgraded Timken from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $87.00 to $91.00 in a report on Wednesday, November 13th. Citigroup initiated coverage on Timken in a research note on Monday, October 14th. They issued a “neutral” rating and a $90.00 price objective on the stock. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Timken in a research note on Friday, November 22nd. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $91.00.

Timken Trading Up 0.4 %

Shares of Timken stock opened at $76.38 on Friday. The stock has a market capitalization of $5.36 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.15 and a beta of 1.38. The Timken Company has a 52 week low of $72.35 and a 52 week high of $94.71. The stock has a 50 day moving average price of $80.28 and a two-hundred day moving average price of $81.91. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.62 and a current ratio of 3.00.

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

Timken Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Tuesday, November 19th were issued a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.78%. Timken’s dividend payout ratio is presently 28.27%.

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.