Phocas Financial Corp. Invests $3.62 Million in The Timken Company (NYSE:TKR)

Phocas Financial Corp. bought a new stake in shares of The Timken Company (NYSE:TKR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 50,759 shares of the industrial products company's stock, valued at approximately $3,623,000. Phocas Financial Corp. owned approximately 0.07% of Timken as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Timken by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 6,465,760 shares of the industrial products company's stock valued at $461,461,000 after purchasing an additional 26,973 shares during the period. American Century Companies Inc. boosted its position in shares of 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 valued at $225,436,000 after purchasing an additional 320,354 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of 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 valued at $159,403,000 after purchasing an additional 124,676 shares during the period. Earnest Partners LLC boosted its position in shares of Timken by 0.3% in the 4th quarter. Earnest Partners LLC now owns 1,295,126 shares of the industrial products company's stock valued at $92,433,000 after purchasing an additional 3,594 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its position in shares of Timken by 5.2% in 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 during the period. Institutional investors own 89.08% of the company's stock.

Timken Stock Down 1.7%

NYSE TKR traded down $1.18 during trading on Friday, reaching $68.52. 567,287 shares of the company's stock were exchanged, compared to its average volume of 569,958. The Timken Company has a fifty-two week low of $56.20 and a fifty-two week high of $90.49. The firm has a market capitalization 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 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's fifty day simple moving average is $66.54 and its 200-day simple moving average is $73.04.

Timken (NYSE:TKR - Get Free Report) last announced 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). Timken had a return on equity of 13.93% and a net margin of 7.71%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the business posted $1.77 earnings per share. The company's revenue was down 4.2% compared to the same quarter last year. Sell-side analysts predict that The Timken Company will post 5.62 EPS for the current year.

Timken Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders 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 is an increase from Timken's previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.04%. Timken's dividend payout ratio (DPR) is 30.17%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TKR. Bank of America upgraded Timken from an "underperform" rating to a "neutral" rating and increased their price target for the company from $73.00 to $78.00 in a research report on Tuesday, February 4th. The Goldman Sachs Group decreased their price target on Timken from $85.00 to $75.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Citigroup increased their price target on Timken from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Loop Capital decreased their price target on Timken from $85.00 to $65.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Finally, 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 research report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus 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.