The Timken Company (NYSE:TKR) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its position in The Timken Company (NYSE:TKR - Free Report) by 64.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,550 shares of the industrial products company's stock after selling 31,368 shares during the quarter. BNP Paribas Financial Markets' holdings in Timken were worth $1,253,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TKR. Vanguard Group Inc. grew its position in shares of Timken by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 6,465,760 shares of the industrial products company's stock worth $461,461,000 after buying an additional 26,973 shares in the last quarter. American Century Companies Inc. grew its position 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 worth $225,436,000 after buying an additional 320,354 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Timken by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,233,493 shares of the industrial products company's stock worth $159,403,000 after buying an additional 124,676 shares in the last quarter. Earnest Partners LLC grew its position in shares of Timken by 0.3% during the fourth quarter. Earnest Partners LLC now owns 1,295,126 shares of the industrial products company's stock worth $92,433,000 after buying an additional 3,594 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its position in shares of Timken by 5.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,285,013 shares of the industrial products company's stock worth $91,711,000 after buying an additional 63,485 shares in the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

Timken Stock Performance

NYSE TKR traded down $0.83 on Friday, reaching $68.48. The stock had a trading volume of 375,851 shares, compared to its average volume of 569,847. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 3.07. The Timken Company has a 12-month low of $56.20 and a 12-month high of $90.49. The business's 50-day moving average price is $67.14 and its 200 day moving average price is $73.22. The stock has a market cap of $4.79 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 1.51 and a beta of 1.30.

Timken (NYSE:TKR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.40 earnings per share for the quarter, missing analysts' consensus estimates of $1.43 by ($0.03). Timken had a net margin of 7.71% and a return on equity of 13.93%. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter in the prior year, the firm posted $1.77 EPS. Timken's quarterly revenue was down 4.2% compared to the same quarter last year. As a group, equities analysts expect that The Timken Company will post 5.62 earnings per share for the current year.

Timken Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $1.40 dividend on an annualized basis and a yield of 2.04%. This is a boost from Timken's previous quarterly dividend of $0.34. Timken's payout ratio is currently 30.17%.

Analysts Set New Price Targets

TKR has been the subject of several recent analyst reports. Morgan Stanley decreased their target price on Timken from $94.00 to $88.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. DA Davidson boosted their target price on Timken from $66.00 to $71.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Jefferies Financial Group restated a "hold" rating and set a $70.00 target price (down previously from $90.00) on shares of Timken in a research note on Wednesday, April 2nd. Bank of America upgraded Timken from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $73.00 to $78.00 in a research note on Tuesday, February 4th. Finally, Loop Capital decreased their target price on Timken from $85.00 to $65.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Timken currently has an average rating of "Hold" and a consensus target price of $78.50.

About Timken

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.