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

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

Several other large investors also recently modified their holdings of the stock. Fairway Wealth LLC purchased a new position in Timken in the fourth quarter valued at approximately $29,000. Amundi raised its stake in shares of Timken by 25.8% in the fourth quarter. Amundi now owns 848 shares of the industrial products company's stock valued at $61,000 after buying an additional 174 shares during the period. Parvin Asset Management LLC purchased a new position in shares of Timken during the 4th quarter valued at $66,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Timken during the 4th quarter worth $109,000. Finally, AlphaQuest LLC grew its stake in shares of Timken by 25,983.3% during the 4th quarter. AlphaQuest LLC now owns 1,565 shares of the industrial products company's stock worth $112,000 after acquiring an additional 1,559 shares during the period. Hedge funds and other institutional investors own 89.08% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TKR. Citigroup increased their price target on Timken from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. The Goldman Sachs Group cut their price target on Timken from $85.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Loop Capital cut their price target on Timken from $85.00 to $65.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Morgan Stanley cut their price target on Timken from $94.00 to $88.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, DA Davidson increased their price target on Timken from $66.00 to $71.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $78.50.

Timken Price Performance

Shares of TKR traded up $1.09 during mid-day trading on Friday, reaching $71.84. 331,079 shares of the stock traded hands, compared to its average volume of 574,198. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. The Timken Company has a 1 year low of $56.20 and a 1 year high of $90.49. The firm has a fifty day moving average price of $66.36 and a 200 day moving average price of $72.89. The company has a current ratio of 3.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69.

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

Timken Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were issued a $0.35 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 1.95%. This is a boost from Timken's previous quarterly dividend of $0.34. Timken's dividend payout ratio (DPR) is presently 30.17%.

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.