S. R. Schill & Associates Acquires New Position in The Timken Company (NYSE:TKR)

S. R. Schill & Associates bought a new position in shares of The Timken Company (NYSE:TKR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,747 shares of the industrial products company’s stock, valued at approximately $380,000.

A number of other large investors have also recently modified their holdings of TKR. Comerica Bank boosted its stake in Timken by 13.8% in the first quarter. Comerica Bank now owns 58,945 shares of the industrial products company’s stock valued at $5,154,000 after buying an additional 7,160 shares in the last quarter. WCM Investment Management LLC boosted its stake in shares of Timken by 8.7% in the 4th quarter. WCM Investment Management LLC now owns 204,818 shares of the industrial products company’s stock valued at $16,443,000 after purchasing an additional 16,322 shares in the last quarter. Duality Advisers LP grew its holdings in shares of Timken by 226.3% during the 4th quarter. Duality Advisers LP now owns 27,790 shares of the industrial products company’s stock valued at $2,227,000 after purchasing an additional 19,274 shares during the last quarter. Vanguard Group Inc. increased its position in Timken by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 6,515,972 shares of the industrial products company’s stock worth $569,691,000 after purchasing an additional 347,794 shares in the last quarter. Finally, Fiduciary Management Inc. WI lifted its stake in Timken by 94.7% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,133,076 shares of the industrial products company’s stock valued at $90,816,000 after purchasing an additional 551,097 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Trading Down 0.7 %

TKR traded down $0.59 during trading on Monday, hitting $80.30. The company’s stock had a trading volume of 337,690 shares, compared to its average volume of 482,197. The firm has a market capitalization of $5.65 billion, a P/E ratio of 15.30, a PEG ratio of 1.74 and a beta of 1.46. The Timken Company has a twelve month low of $65.71 and a twelve month high of $94.71. The stock’s fifty day moving average price is $82.44 and its 200-day moving average price is $84.64. The company has a quick ratio of 1.64, a current ratio of 2.95 and a debt-to-equity ratio of 0.72.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.03. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Timken had a net margin of 7.52% and a return on equity of 16.36%. Timken’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.01 EPS. Analysts anticipate that The Timken Company will post 6.13 EPS for the current year.

Timken Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $1.36 annualized dividend and a yield of 1.69%. Timken’s payout ratio is currently 25.90%.

Insider Buying and Selling at Timken

In related news, CEO Richard G. Kyle sold 30,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $80.46, for a total value of $2,413,800.00. Following the transaction, the chief executive officer now directly owns 244,485 shares in the company, valued at approximately $19,671,263.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 8.70% of the company’s stock.

Analyst Upgrades and Downgrades

TKR has been the topic of a number of research reports. Raymond James initiated coverage on shares of Timken in a research note on Friday, June 28th. They set a “market perform” rating on the stock. Stifel Nicolaus upped their target price on Timken from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Loop Capital lifted their price target on Timken from $78.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, May 1st. Finally, KeyCorp boosted their price target on Timken from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $87.91.

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.