The Timken Company (NYSE:TKR) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC lowered its stake in The Timken Company (NYSE:TKR) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,240 shares of the industrial products company’s stock after selling 200 shares during the period. Uncommon Cents Investing LLC’s holdings in Timken were worth $1,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in TKR. Park Avenue Securities LLC boosted its holdings in Timken by 13.6% in the fourth quarter. Park Avenue Securities LLC now owns 3,093 shares of the industrial products company’s stock valued at $221,000 after purchasing an additional 371 shares in the last quarter. Bar Harbor Wealth Management boosted its holdings in shares of Timken by 1.5% in the 4th quarter. Bar Harbor Wealth Management now owns 36,376 shares of the industrial products company’s stock valued at $2,596,000 after buying an additional 547 shares in the last quarter. TT International Asset Management LTD grew its position in shares of Timken by 20.1% in the 4th quarter. TT International Asset Management LTD now owns 47,187 shares of the industrial products company’s stock valued at $3,367,000 after buying an additional 7,913 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in Timken by 29.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 60,625 shares of the industrial products company’s stock worth $4,327,000 after acquiring an additional 13,697 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Timken by 15.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,684 shares of the industrial products company’s stock valued at $477,000 after acquiring an additional 885 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Stock Down 0.0 %

TKR stock opened at $76.81 on Monday. 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 company’s 50 day simple moving average is $74.64 and its 200-day simple moving average is $79.80. The Timken Company has a 12 month low of $69.35 and a 12 month high of $94.71. The firm has a market capitalization of $5.39 billion, a PE ratio of 15.97, a P/E/G ratio of 0.95 and a beta of 1.39.

Timken (NYSE:TKR) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.23 earnings per share 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 company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. Equities analysts expect that The Timken Company will post 5.61 earnings per share for the current fiscal year.

Timken Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders 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 yield of 1.77%. Timken’s dividend payout ratio (DPR) is 28.27%.

Analysts Set New Price Targets

Several research firms have recently weighed in on TKR. Morgan Stanley raised Timken from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $82.00 to $93.00 in a report on Tuesday, December 17th. KeyCorp reissued a “sector weight” rating on shares of Timken in a research report on Friday, November 22nd. DA Davidson reduced their target price on shares of Timken from $103.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Oppenheimer decreased their target price on shares of Timken from $102.00 to $97.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group upgraded Timken from a “hold” rating to a “buy” rating and boosted their price target for the company from $80.00 to $95.00 in a research report on Friday, December 6th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Timken has an average rating of “Moderate Buy” and a consensus target price of $92.40.

Insiders Place Their Bets

In other news, Director Richard G. Kyle sold 30,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 194,485 shares of the company’s stock, valued at $14,895,606.15. The trade was a 13.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 8.70% of the stock is owned by corporate insiders.

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.