Coldstream Capital Management Inc. Has $684,000 Holdings in The Timken Company (NYSE:TKR)

Coldstream Capital Management Inc. decreased its position in shares of The Timken Company (NYSE:TKR) by 4.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,121 shares of the industrial products company’s stock after selling 368 shares during the period. Coldstream Capital Management Inc.’s holdings in Timken were worth $684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TKR. M&T Bank Corp grew its position in Timken by 0.6% during the 3rd quarter. M&T Bank Corp now owns 24,482 shares of the industrial products company’s stock worth $2,064,000 after acquiring an additional 144 shares during the last quarter. Creative Planning grew its holdings in shares of Timken by 1.7% during the second quarter. Creative Planning now owns 9,123 shares of the industrial products company’s stock worth $731,000 after purchasing an additional 150 shares during the last quarter. Beese Fulmer Investment Management Inc. increased its stake in shares of 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 buying an additional 155 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Timken by 20.0% in the third quarter. Blue Trust Inc. now owns 997 shares of the industrial products company’s stock valued at $80,000 after buying an additional 166 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Timken by 64.1% in the third quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock valued at $36,000 after buying an additional 168 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

Analyst Upgrades and Downgrades

TKR has been the subject of several research reports. Jefferies Financial Group upgraded shares of Timken from a “hold” rating to a “buy” rating and raised their price objective for the company from $80.00 to $95.00 in a research report on Friday, December 6th. Evercore ISI raised shares of Timken from an “in-line” rating to an “outperform” rating and raised their price target for the company from $87.00 to $91.00 in a report on Wednesday, November 13th. DA Davidson reduced their price objective on Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Citigroup raised Timken from a “neutral” rating to a “buy” rating and lifted their target price for the company from $85.00 to $90.00 in a research note on Monday, December 9th. Finally, Oppenheimer cut their price target on Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Timken Stock Performance

Shares of TKR stock opened at $75.50 on Friday. The stock has a market cap of $5.29 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 1.15 and a beta of 1.38. The stock has a 50-day moving average of $79.64 and a 200-day moving average of $81.50. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.00 and a quick ratio of 1.62. The Timken Company has a one year low of $72.35 and a one year high of $94.71.

Timken (NYSE:TKR) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.15). Timken had a return on equity of 14.82% and a net margin of 7.41%. The business had revenue of $1.13 billion for 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 quarterly revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts expect that The Timken Company will post 5.61 earnings per share for the current year.

Timken Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Tuesday, November 19th were issued a dividend of $0.34 per share. The ex-dividend date was Tuesday, November 19th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.80%. Timken’s payout ratio is 28.27%.

Insider Activity at Timken

In other news, Director Richard G. Kyle sold 30,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 194,485 shares in the company, valued at $14,895,606.15. The trade was a 13.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 8.70% of the stock is currently 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.