Skylands Capital LLC Invests $2.18 Million in The Timken Company (NYSE:TKR)

Skylands Capital LLC acquired a new position in shares of The Timken Company (NYSE:TKR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 30,600 shares of the industrial products company’s stock, valued at approximately $2,184,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning grew its stake in Timken by 11.1% in the 3rd quarter. Creative Planning now owns 10,138 shares of the industrial products company’s stock valued at $855,000 after acquiring an additional 1,015 shares during the period. Blue Trust Inc. grew its stake in Timken by 20.0% in the 3rd quarter. Blue Trust Inc. now owns 997 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 166 shares during the period. Raymond James & Associates grew its stake in Timken by 10.3% in the 3rd quarter. Raymond James & Associates now owns 182,749 shares of the industrial products company’s stock valued at $15,404,000 after acquiring an additional 17,124 shares during the period. Sequoia Financial Advisors LLC grew its stake in Timken by 72.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,705 shares of the industrial products company’s stock valued at $481,000 after acquiring an additional 2,405 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in Timken by 8,327.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,854 shares of the industrial products company’s stock worth $156,000 after purchasing an additional 1,832 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Stock Performance

NYSE TKR opened at $81.26 on Monday. The company has a market cap of $5.70 billion, a P/E ratio of 16.28, a P/E/G ratio of 1.51 and a beta of 1.39. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61. The stock has a 50-day moving average of $76.61 and a two-hundred day moving average of $79.32. The Timken Company has a 1-year low of $69.35 and a 1-year high of $94.71.

Timken (NYSE:TKR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.08. Timken had a return on equity of 13.93% and a net margin of 7.71%. As a group, analysts anticipate that The Timken Company will post 5.62 EPS for the current year.

Timken Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Tuesday, February 25th. Timken’s dividend payout ratio is presently 27.25%.

Insider Transactions at Timken

In related news, CFO Philip D. Fracassa sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $81.50, for a total value of $407,500.00. Following the completion of the transaction, the chief financial officer now directly owns 90,541 shares of the company’s stock, valued at $7,379,091.50. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. 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, December 6th. KeyCorp reiterated a “sector weight” rating on shares of Timken in a report on Friday, November 22nd. DA Davidson reduced their price target on Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley lifted their price target on Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Citigroup reduced their price objective on shares of Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.70.

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.