Timken Co. (TKR)

Private Advisor Group LLC Invests $524,000 in The Timken Company (NYSE:TKR)

Private Advisor Group LLC bought a new stake in The Timken Company (NYSE:TKR – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,544 shares of the industrial products company’s stock, valued at approximately $524,000. Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in Timken in the fourth quarter valued at $35,000. Anchor Investment Management LLC purchased a new stake in shares of Timken during the 4th quarter worth about $58,000. Amica Retiree Medical Trust purchased a new stake in shares of Timken during the 3rd quarter worth about $75,000. Quent Capital LLC raised its holdings in Timken by 50.4% in the fourth quarter. Quent Capital LLC now owns 1,018 shares of the industrial products company’s stock valued at $82,000 after buying an additional 341 shares during the period. Finally, Ramirez Asset Management Inc. acquired a new position in Timken during the third quarter valued at approximately $81,000. Institutional investors and hedge funds own 89.08% of the company’s stock. Analyst Upgrades and Downgrades A number of brokerages have recently commented on TKR. Oppenheimer reissued an “outperform” rating and issued a $100.00 target price (up previously from $97.00) on shares of Timken in a research note on Thursday, March 21st. Evercore ISI downgraded Timken from an “outperform” rating to an “in-line” rating and set a $84.00 target price on the stock. in a report on Tuesday, February 20th. Loop Capital upped their price target on Timken from $78.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st. DA Davidson began coverage on shares of Timken in a research note on Tuesday, January 23rd. They set a “buy” rating and a $92.00 price objective on the stock. Finally, The Goldman Sachs Group upped their target price on shares of Timken from $78.00 to $87.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $87.09. View Our Latest Report on TKR Timken Stock Performance Timken stock opened at $90.63 on Monday. The company has a fifty day moving average price of $87.47 and a two-hundred day moving average price of $81.61. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.02. The Timken Company has a 12 month low of $65.71 and a 12 month high of $95.08. The company has a market cap of $6.38 billion, a PE ratio of 17.26, a P/E/G ratio of 1.22 and a beta of 1.51. Timken (NYSE:TKR – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.27. Timken had a net margin of 7.99% and a return on equity of 17.98%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business earned $2.09 earnings per share. Timken’s quarterly revenue was down 5.7% on a year-over-year basis. Research analysts expect that The Timken Company will post 6.18 earnings per share for the current year. Timken Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be paid a dividend of $0.34 per share. This is an increase from Timken’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Monday, May 13th. Timken’s dividend payout ratio is presently 25.90%. Insider Buying and Selling at Timken In other news, CFO Philip D. Fracassa sold 10,000 shares of the company’s stock in a transaction dated 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 owns 105,541 shares in the company, valued at $9,473,360.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Philip D. Fracassa sold 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $89.76, for a total value 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 approximately $9,473,360.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher A. Coughlin sold 29,006 shares of Timken stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $89.30, for a total value of $2,590,235.80. Following the sale, the executive vice president now directly owns 84,995 shares in the company, valued at approximately $7,590,053.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,006 shares of company stock worth $5,269,636. 8.70% of the stock is owned by insiders. About Timken (Free Report) 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.