NBC Securities Inc. Purchases 10,697 Shares of The Timken Company (NYSE:TKR)

NBC Securities Inc. boosted its stake in The Timken Company (NYSE:TKR - Free Report) by 97,245.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,708 shares of the industrial products company's stock after buying an additional 10,697 shares during the quarter. NBC Securities Inc.'s holdings in Timken were worth $769,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in Timken in the 4th quarter worth approximately $29,000. Amundi increased its stake 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 purchasing an additional 174 shares during the period. Parvin Asset Management LLC acquired a new stake in shares of Timken during the fourth quarter worth about $66,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Timken in the fourth quarter worth $109,000. Finally, AlphaQuest LLC increased its holdings in Timken by 25,983.3% in the fourth quarter. AlphaQuest LLC now owns 1,565 shares of the industrial products company's stock valued at $112,000 after buying an additional 1,559 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Stock Performance

Shares of Timken stock traded up $0.16 on Thursday, reaching $70.75. 381,824 shares of the company were exchanged, compared to its average volume of 571,529. The Timken Company has a 1-year low of $56.20 and a 1-year high of $90.49. 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 firm has a market cap of $4.95 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 1.51 and a beta of 1.28. The company's 50-day moving average is $66.32 and its two-hundred day moving average is $72.93.

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

Timken Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were paid a $0.35 dividend. This is a boost from Timken's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 1.98%. Timken's payout ratio is presently 30.17%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TKR shares. Oppenheimer reduced their price target on shares of Timken from $90.00 to $88.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Evercore ISI reduced their target price on shares of Timken from $102.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, May 19th. DA Davidson boosted their price target on shares of 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 reiterated a "hold" rating and issued a $70.00 price target (down previously from $90.00) on shares of Timken in a report on Wednesday, April 2nd. Finally, The Goldman Sachs Group lowered their price target on Timken from $85.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.