Inspire Investing LLC Has $403,000 Stock Position in The Timken Company (NYSE:TKR)

Inspire Investing LLC boosted its holdings in The Timken Company (NYSE:TKR) by 15.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,647 shares of the industrial products company’s stock after acquiring an additional 746 shares during the quarter. Inspire Investing LLC’s holdings in Timken were worth $403,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Coastline Trust Co acquired a new stake in shares of Timken in the 3rd quarter valued at approximately $29,000. Livelsberger Financial Advisory acquired a new stake in Timken in the third quarter valued at approximately $32,000. UMB Bank n.a. grew its stake 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 buying an additional 168 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Timken during the second quarter worth $44,000. Finally, Brooklyn Investment Group bought a new position in shares of Timken in the 3rd quarter valued at $74,000. Institutional investors own 89.08% of the company’s stock.

Timken Stock Performance

Shares of Timken stock opened at $76.61 on Friday. The business has a 50-day moving average price of $74.79 and a two-hundred day moving average price of $79.71. The Timken Company has a 1-year low of $69.35 and a 1-year high of $94.71. 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 cap of $5.37 billion, a P/E ratio of 15.93, a PEG ratio of 0.99 and a beta of 1.39.

Timken (NYSE:TKR) last issued its 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 during the quarter, compared to the consensus estimate of $1.12 billion. Timken had a return on equity of 14.82% and a net margin of 7.41%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.55 earnings per share. As a group, analysts anticipate that The Timken Company will post 5.61 EPS for the current year.

Timken Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Tuesday, November 19th. Timken’s dividend payout ratio (DPR) is currently 28.27%.

Insider Activity

In related 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 completion of the sale, the director now directly owns 194,485 shares of the company’s stock, valued at $14,895,606.15. The trade was a 13.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 8.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TKR. DA Davidson lowered their target price on Timken from $103.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Evercore ISI raised Timken from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $87.00 to $91.00 in a research note on Wednesday, November 13th. Oppenheimer dropped their price objective 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 boosted their target price for the stock from $80.00 to $95.00 in a report on Friday, December 6th. Finally, Morgan Stanley upgraded shares of Timken from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $82.00 to $93.00 in a report on Tuesday, December 17th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.40.

Timken Company 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.