Rathbone Brothers plc Maintains Stake in Timken Company (The) (NYSE:TKR)

Rathbone Brothers plc held its stake in shares of Timken Company (The) (NYSE:TKR) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 19,800 shares of the industrial products company’s stock at the end of the 2nd quarter. Rathbone Brothers plc’s holdings in Timken Company (The) were worth $916,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TKR. BlackRock Inc. lifted its position in shares of Timken Company (The) by 5,786.0% during the 1st quarter. BlackRock Inc. now owns 5,674,424 shares of the industrial products company’s stock worth $256,485,000 after buying an additional 5,578,018 shares during the last quarter. Wellington Management Group LLP raised its position in Timken Company (The) by 38.4% in the first quarter. Wellington Management Group LLP now owns 2,211,031 shares of the industrial products company’s stock valued at $99,939,000 after purchasing an additional 613,258 shares during the last quarter. Victory Capital Management Inc. raised its position in Timken Company (The) by 428.7% in the first quarter. Victory Capital Management Inc. now owns 639,973 shares of the industrial products company’s stock valued at $28,927,000 after purchasing an additional 518,933 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Timken Company (The) by 506.7% in the second quarter. Canada Pension Plan Investment Board now owns 531,500 shares of the industrial products company’s stock valued at $24,582,000 after purchasing an additional 443,900 shares during the last quarter. Finally, Scout Investments Inc. bought a new position in Timken Company (The) in the second quarter valued at about $15,858,000. Institutional investors and hedge funds own 79.62% of the company’s stock.

Several equities analysts have commented on TKR shares. BidaskClub downgraded Timken Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded Timken Company (The) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. ValuEngine raised Timken Company (The) from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and issued a $53.00 price target on shares of Timken Company (The) in a research note on Friday, June 30th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $45.00 price target on shares of Timken Company (The) in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $46.83.

Shares of Timken Company (NYSE TKR) opened at 49.10 on Friday. The firm has a market cap of $3.82 billion, a PE ratio of 24.37 and a beta of 1.37. Timken Company has a 1-year low of $31.60 and a 1-year high of $51.75. The company’s 50-day moving average price is $44.68 and its 200 day moving average price is $45.64.

Timken Company (The) (NYSE:TKR) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Timken Company (The) had a return on equity of 12.73% and a net margin of 5.98%. The firm had revenue of $750.60 million for the quarter, compared to the consensus estimate of $716.50 million. During the same quarter in the prior year, the business earned $0.55 EPS. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, analysts predict that Timken Company will post $2.57 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 22nd were issued a dividend of $0.27 per share. The ex-dividend date was Friday, August 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.20%. Timken Company (The)’s dividend payout ratio (DPR) is 51.67%.

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About Timken Company (The)

The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain, couplings and related products and offers a spectrum of power system rebuild and repair services across the world. The Company operates through two segments: Mobile Industries and Process Industries.

Institutional Ownership by Quarter for Timken Company (The) (NYSE:TKR)

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