Becker Capital Management Inc. Makes New $15.55 Million Investment in The Timken Company (NYSE:TKR)

Becker Capital Management Inc. acquired a new stake in The Timken Company (NYSE:TKR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 217,878 shares of the industrial products company's stock, valued at approximately $15,550,000. Becker Capital Management Inc. owned about 0.31% of Timken as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TKR. Victory Capital Management Inc. raised its holdings in Timken by 418.4% in the fourth quarter. Victory Capital Management Inc. now owns 882,156 shares of the industrial products company's stock worth $62,959,000 after purchasing an additional 711,979 shares in the last quarter. Norges Bank bought a new position in Timken during the 4th quarter valued at about $42,748,000. American Century Companies Inc. raised its holdings in shares of Timken by 11.3% during the fourth quarter. American Century Companies Inc. now owns 3,158,690 shares of the industrial products company's stock valued at $225,436,000 after purchasing an additional 320,354 shares during the last quarter. Royce & Associates LP increased its position in Timken by 108.9% during the fourth quarter. Royce & Associates LP now owns 397,895 shares of the industrial products company's stock valued at $28,398,000 after acquiring an additional 207,439 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Timken during the 4th quarter valued at about $14,460,000. Institutional investors own 89.08% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TKR shares. Morgan Stanley lowered their target price on shares of Timken from $94.00 to $88.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group decreased their target price on shares of Timken from $85.00 to $75.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Bank of America raised shares of Timken from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $73.00 to $78.00 in a research report on Tuesday, February 4th. Citigroup lowered their target price on Timken from $95.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $66.00 price target (down from $97.00) on shares of Timken in a research report on Monday, April 21st. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $81.91.

Insider Buying and Selling

In related news, CFO Philip D. Fracassa sold 5,000 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $81.50, for a total transaction of $407,500.00. Following the completion of the transaction, the chief financial officer now directly owns 90,541 shares in the company, valued at $7,379,091.50. This represents a 5.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.37% of the company's stock.

Timken Stock Down 0.1 %

TKR stock opened at $65.23 on Wednesday. The company has a current ratio of 3.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69. The company's 50-day moving average price is $69.82 and its 200 day moving average price is $75.06. The Timken Company has a 52 week low of $56.20 and a 52 week high of $94.71. The company has a market cap of $4.57 billion, a P/E ratio of 13.07, a P/E/G ratio of 1.51 and a beta of 1.28.

Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. On average, research analysts expect that The Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 25th were paid a $0.34 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.08%. Timken's dividend payout ratio (DPR) is presently 27.25%.

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.

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