6,212 Shares in Timken Company (The) (NYSE:TKR) Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. acquired a new position in shares of Timken Company (The) (NYSE:TKR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,212 shares of the industrial products company's stock, valued at approximately $446,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. First Horizon Advisors Inc. grew its holdings in Timken by 8.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,981 shares of the industrial products company's stock worth $141,000 after acquiring an additional 158 shares during the period. Blue Trust Inc. grew its holdings in Timken by 9.2% during the first quarter. Blue Trust Inc. now owns 2,050 shares of the industrial products company's stock worth $147,000 after acquiring an additional 173 shares during the period. Amundi grew its holdings in Timken by 25.8% during the fourth quarter. Amundi now owns 848 shares of the industrial products company's stock worth $61,000 after acquiring an additional 174 shares during the period. Ethic Inc. grew its holdings in Timken by 2.8% during the fourth quarter. Ethic Inc. now owns 6,882 shares of the industrial products company's stock worth $491,000 after acquiring an additional 188 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Timken by 2.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,476 shares of the industrial products company's stock worth $537,000 after acquiring an additional 188 shares during the period. Institutional investors and hedge funds own 89.08% of the company's stock.

Timken Price Performance

Shares of TKR traded down $0.71 during trading hours on Friday, reaching $73.32. 1,549,334 shares of the company traded hands, compared to its average volume of 584,189. The company has a quick ratio of 1.71, a current ratio of 3.15 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $5.13 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.74 and a beta of 1.28. Timken Company has a fifty-two week low of $56.20 and a fifty-two week high of $90.49. The stock has a fifty day simple moving average of $69.24 and a 200 day simple moving average of $72.43.

Timken (NYSE:TKR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.40 EPS for the quarter, missing analysts' consensus estimates of $1.43 by ($0.03). The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Timken had a net margin of 7.24% and a return on equity of 12.62%. The firm's revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.77 EPS. As a group, research analysts predict that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.91%. This is a positive change from Timken's previous quarterly dividend of $0.34. Timken's dividend payout ratio (DPR) is presently 30.17%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. The Goldman Sachs Group dropped their price objective on Timken from $85.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Citigroup boosted their target price on Timken from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday. Jefferies Financial Group reiterated a "hold" rating and set a $70.00 target price (down from $90.00) on shares of Timken in a research report on Wednesday, April 2nd. Loop Capital decreased their target price on Timken from $85.00 to $65.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Finally, DA Davidson boosted their target price on Timken from $66.00 to $71.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $79.00.

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.