The Timken Company (NYSE:TKR) Shares Bought by Royce & Associates LP

Royce & Associates LP lifted its holdings in The Timken Company (NYSE:TKR) by 108.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 397,895 shares of the industrial products company’s stock after acquiring an additional 207,439 shares during the period. Royce & Associates LP owned approximately 0.57% of Timken worth $28,398,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TKR. Victory Capital Management Inc. increased its stake in Timken by 418.4% during the 4th quarter. Victory Capital Management Inc. now owns 882,156 shares of the industrial products company’s stock worth $62,959,000 after buying an additional 711,979 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in Timken by 34.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,700,979 shares of the industrial products company’s stock worth $143,376,000 after buying an additional 434,800 shares during the period. Raymond James Financial Inc. purchased a new stake in Timken during the 4th quarter worth $14,460,000. Verition Fund Management LLC increased its stake in Timken by 3,179.1% during the 3rd quarter. Verition Fund Management LLC now owns 193,858 shares of the industrial products company’s stock worth $16,340,000 after buying an additional 187,946 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Timken by 4.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,679,790 shares of the industrial products company’s stock worth $225,880,000 after buying an additional 107,350 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Trading Up 2.7 %

Timken stock opened at $74.58 on Monday. The company has a quick ratio of 1.61, a current ratio of 3.07 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average price of $78.09 and a two-hundred day moving average price of $78.70. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.51 and a beta of 1.37. The Timken Company has a 52-week low of $69.35 and a 52-week high of $94.71.

Timken (NYSE:TKR) last released its quarterly earnings results 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%. Sell-side analysts expect that The Timken Company will post 5.62 earnings per share for the current year.

Timken Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.34 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.82%. Timken’s dividend payout ratio (DPR) is 27.25%.

Insiders Place Their Bets

In related news, CFO Philip D. Fracassa sold 5,000 shares of the business’s stock in a transaction that occurred on 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 $7,379,091.50. The trade was a 5.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. KeyCorp reissued a “sector weight” rating on shares of Timken in a report on Friday, November 22nd. Morgan Stanley raised their price objective on shares of Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Bank of America raised shares of Timken from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $73.00 to $78.00 in a report on Tuesday, February 4th. Evercore ISI raised their price objective on shares of Timken from $91.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, Citigroup decreased their price target on shares of Timken from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Timken presently has a consensus rating of “Moderate Buy” and an average price target of $92.70.

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.