Schechter Investment Advisors LLC Raises Stock Position in The Timken Company (NYSE:TKR)

Schechter Investment Advisors LLC boosted its stake in shares of The Timken Company (NYSE:TKR) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,326 shares of the industrial products company’s stock after acquiring an additional 1,257 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Timken were worth $1,522,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Coastline Trust Co bought a new position in shares of Timken during the 3rd quarter valued at approximately $29,000. Brooklyn Investment Group purchased a new stake in shares of Timken in the third quarter valued at $74,000. Venturi Wealth Management LLC lifted its holdings in shares of Timken by 230.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,088 shares of the industrial products company’s stock worth $92,000 after acquiring an additional 759 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Timken during the 4th quarter worth about $109,000. Finally, Covestor Ltd grew its holdings in Timken by 20.0% during the 3rd quarter. Covestor Ltd now owns 1,786 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 298 shares during the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TKR has been the subject of several analyst reports. Citigroup decreased their price objective on shares of Timken from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Oppenheimer cut their price objective on Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley increased their target price on Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Jefferies Financial Group raised shares of Timken from a “hold” rating to a “buy” rating and boosted their target price for the company from $80.00 to $95.00 in a research note on Friday, December 6th. Finally, Bank of America raised shares of Timken from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $73.00 to $78.00 in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Timken has an average rating of “Moderate Buy” and a consensus target price of $92.70.

Insider Buying and Selling at Timken

In other news, CFO Philip D. Fracassa sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $81.50, for a total value of $407,500.00. Following the sale, the chief financial officer now directly owns 90,541 shares in the company, valued at approximately $7,379,091.50. This trade represents a 5.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.70% of the stock is owned by insiders.

Timken Trading Down 4.4 %

NYSE:TKR opened at $77.44 on Tuesday. The firm has a 50-day simple moving average of $77.45 and a 200-day simple moving average of $79.24. The Timken Company has a one year low of $69.35 and a one year high of $94.71. The firm has a market cap of $5.42 billion, a P/E ratio of 15.52, 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 quick ratio of 1.61 and a current ratio of 3.07.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. Equities analysts anticipate that The Timken Company will post 5.62 EPS for the current fiscal year.

Timken Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors 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 yield of 1.76%. The ex-dividend date is Tuesday, February 25th. Timken’s payout ratio is currently 27.25%.

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.