Natixis Advisors LLC Buys 8,315 Shares of Timken Company (The) (NYSE:TKR)

Key Points

• Natixis Advisors LLC increased its holdings in Timken Company by 24.7% during the first quarter, acquiring an additional 8,315 shares, bringing their total ownership to approximately 41,994 shares valued at $3,018,000.
• Timken reported quarterly earnings of $1.42 per share, exceeding analyst estimates and showing a 0.8% year-over-year decline in revenue at $1.17 billion.
• A range of analysts have updated their price targets for Timken stock, with Citigroup raising it to $80.00 while others have set targets between $65.00 and $94.00, reflecting a mixed sentiment on the stock's performance.

Natixis Advisors LLC increased its stake in Timken Company (The) (NYSE:TKR - Free Report) by 24.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,994 shares of the industrial products company's stock after purchasing an additional 8,315 shares during the period. Natixis Advisors LLC owned approximately 0.06% of Timken worth $3,018,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Parvin Asset Management LLC bought a new position in Timken in the 4th quarter valued at about $66,000. UMB Bank n.a. boosted its position in shares of Timken by 400.0% during the 1st quarter. UMB Bank n.a. now owns 1,000 shares of the industrial products company's stock worth $72,000 after acquiring an additional 800 shares in the last quarter. GAMMA Investing LLC increased its stake in Timken by 282.3% in the first quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company's stock valued at $82,000 after acquiring an additional 847 shares during the last quarter. Alpine Bank Wealth Management bought a new position in Timken in the first quarter valued at approximately $108,000. Finally, Blue Trust Inc. raised its position in Timken by 9.2% during the first quarter. Blue Trust Inc. now owns 2,050 shares of the industrial products company's stock valued at $147,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company's stock.

Timken Trading Up 0.7%

Shares of TKR stock traded up $0.53 during mid-day trading on Friday, reaching $74.44. 321,431 shares of the stock traded hands, compared to its average volume of 677,991. The stock's fifty day simple moving average is $74.82 and its two-hundred day simple moving average is $73.14. Timken Company has a 1-year low of $56.20 and a 1-year high of $87.52. The company has a quick ratio of 1.72, a current ratio of 3.13 and a debt-to-equity ratio of 0.65. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.61 and a beta of 1.30.

Timken (NYSE:TKR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.34 by $0.08. Timken had a net margin of 6.86% and a return on equity of 11.78%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned $1.63 EPS. The firm's revenue was down .8% compared to the same quarter last year. On average, research analysts anticipate that Timken Company will post 5.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Morgan Stanley decreased their price target on Timken from $94.00 to $88.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Citigroup raised their price objective on Timken from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Evercore ISI lowered their target price on Timken from $102.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, May 19th. DA Davidson increased their target price on shares of Timken from $71.00 to $80.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Finally, Loop Capital decreased their price target on shares of Timken from $85.00 to $65.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $79.90.

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.