Qsemble Capital Management LP Invests $415,000 in The Timken Company (NYSE:TKR)

Qsemble Capital Management LP bought a new position in The Timken Company (NYSE:TKR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,743 shares of the industrial products company’s stock, valued at approximately $415,000.

Several other large investors have also made changes to their positions in TKR. Fidelis Capital Partners LLC acquired a new position in Timken during the 1st quarter valued at about $26,000. Livelsberger Financial Advisory acquired a new position in Timken during the 4th quarter valued at about $30,000. GAMMA Investing LLC acquired a new position in Timken during the 4th quarter valued at about $35,000. Manchester Capital Management LLC lifted its position in Timken by 51.3% during the 1st quarter. Manchester Capital Management LLC now owns 605 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 205 shares during the period. Finally, Anchor Investment Management LLC acquired a new position in Timken during the 4th quarter valued at about $58,000. Institutional investors own 89.08% of the company’s stock.

Insider Transactions at Timken

In other news, CEO Richard G. Kyle sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $89.09, for a total transaction of $1,781,800.00. Following the completion of the transaction, the chief executive officer now directly owns 366,799 shares of the company’s stock, valued at approximately $32,678,122.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Richard G. Kyle sold 20,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $89.09, for a total value of $1,781,800.00. Following the completion of the transaction, the chief executive officer now directly owns 366,799 shares of the company’s stock, valued at $32,678,122.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Philip D. Fracassa sold 10,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $89.76, for a total transaction of $897,600.00. Following the completion of the transaction, the chief financial officer now directly owns 105,541 shares of the company’s stock, valued at $9,473,360.16. The disclosure for this sale can be found here. Insiders sold 59,006 shares of company stock valued at $5,269,636 in the last ninety days. 8.70% of the stock is currently owned by corporate insiders.

Timken Stock Down 0.7 %

TKR stock traded down $0.58 during mid-day trading on Wednesday, hitting $87.31. 129,283 shares of the company were exchanged, compared to its average volume of 472,973. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.02 and a current ratio of 1.87. The firm has a market cap of $6.15 billion, a P/E ratio of 16.59, a P/E/G ratio of 1.79 and a beta of 1.46. The firm’s 50 day simple moving average is $84.66 and its 200 day simple moving average is $84.05. The Timken Company has a 1-year low of $65.71 and a 1-year high of $94.71.

Timken (NYSE:TKR) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.50 by $0.27. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. Timken had a net margin of 7.99% and a return on equity of 17.98%. The business’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the company posted $2.09 EPS. On average, sell-side analysts predict that The Timken Company will post 6.2 EPS for the current fiscal year.

Timken Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th were paid a dividend of $0.34 per share. This is a boost from Timken’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, May 13th. Timken’s dividend payout ratio (DPR) is currently 25.90%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Loop Capital upped their target price on shares of Timken from $78.00 to $87.00 and gave the company a “hold” rating in a research report on Wednesday, May 1st. KeyCorp increased their price target on shares of Timken from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Oppenheimer reiterated an “outperform” rating and issued a $100.00 price target (up from $97.00) on shares of Timken in a research report on Thursday, March 21st. Raymond James began coverage on shares of Timken in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. Finally, Stifel Nicolaus increased their price target on shares of Timken from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $87.91.

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.