Man Group plc Has $367,000 Position in The Timken Company (NYSE:TKR)

Man Group plc decreased its stake in The Timken Company (NYSE:TKR - Free Report) by 63.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,139 shares of the industrial products company's stock after selling 8,798 shares during the quarter. Man Group plc's holdings in Timken were worth $367,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Timken by 0.4% in the 4th 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. lifted its position in Timken by 11.3% in the 4th 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 lifted its position in Timken by 5.9% in the 4th 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 lifted its position in Timken by 0.3% in the 4th 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. raised its holdings in shares of Timken by 5.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,285,013 shares of the industrial products company's stock valued at $91,711,000 after purchasing an additional 63,485 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company's stock.

Timken Stock Performance

TKR traded down $1.18 during trading on Friday, hitting $68.52. The stock had a trading volume of 567,287 shares, compared to its average volume of 570,306. The firm has a market cap of $4.79 billion, a PE ratio of 13.73, a P/E/G ratio of 1.51 and a beta of 1.30. The Timken Company has a 12 month low of $56.20 and a 12 month high of $90.49. 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 has a 50 day simple moving average of $66.54 and a 200-day simple moving average of $73.03.

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

Timken Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.04%. This is a positive change from Timken's previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, May 13th. Timken's dividend payout ratio (DPR) is currently 30.17%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TKR. Morgan Stanley cut their price target on shares of Timken from $94.00 to $88.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Oppenheimer cut their price target on shares of Timken from $90.00 to $88.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. DA Davidson raised their price target on shares of Timken from $66.00 to $71.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Jefferies Financial Group restated a "hold" rating and set a $70.00 price target (down previously from $90.00) on shares of Timken in a report on Wednesday, April 2nd. Finally, Evercore ISI cut their price target on shares of Timken from $102.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, May 19th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Timken presently has an average rating of "Hold" and an average target price of $78.50.

Timken Company 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.