Quantinno Capital Management LP Sells 12,704 Shares of The Timken Company (NYSE:TKR)

Quantinno Capital Management LP lowered its stake in shares of The Timken Company (NYSE:TKR - Free Report) by 24.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 40,244 shares of the industrial products company's stock after selling 12,704 shares during the period. Quantinno Capital Management LP owned approximately 0.06% of Timken worth $2,872,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TKR. Barclays PLC grew its stake in Timken by 221.6% during the third quarter. Barclays PLC now owns 86,667 shares of the industrial products company's stock worth $7,307,000 after buying an additional 59,716 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Timken by 13.6% during the fourth quarter. Park Avenue Securities LLC now owns 3,093 shares of the industrial products company's stock valued at $221,000 after purchasing an additional 371 shares during the last quarter. Sheets Smith Wealth Management grew its stake in shares of Timken by 3.4% during the fourth quarter. Sheets Smith Wealth Management now owns 5,856 shares of the industrial products company's stock valued at $418,000 after purchasing an additional 190 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Timken by 25.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 107,102 shares of the industrial products company's stock valued at $7,644,000 after purchasing an additional 22,003 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in shares of Timken by 15.2% during the fourth quarter. Inspire Investing LLC now owns 5,647 shares of the industrial products company's stock valued at $403,000 after purchasing an additional 746 shares during the last quarter. Institutional investors own 89.08% of the company's stock.

Timken Trading Down 1.2%

TKR traded down $0.83 during mid-day trading on Friday, hitting $68.48. The stock had a trading volume of 375,851 shares, compared to its average volume of 569,847. 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 current ratio of 3.07 and a quick ratio of 1.61. The stock's fifty day simple moving average is $67.14 and its 200-day simple moving average is $73.22. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 1.51 and a beta of 1.30.

Timken (NYSE:TKR - Get Free Report) last issued 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 company 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 earned $1.77 earnings per share. The company's revenue was down 4.2% on a year-over-year basis. As a group, research analysts forecast that The Timken Company will post 5.62 EPS for the current fiscal 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 paid a $0.35 dividend. This is a positive change from Timken's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Tuesday, May 13th. Timken's payout ratio is presently 30.17%.

Analyst Ratings Changes

TKR has been the topic of several research analyst reports. DA Davidson increased their price target on shares of Timken from $66.00 to $71.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Evercore ISI decreased their price target on shares of Timken from $102.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. Oppenheimer reduced their price objective on shares of Timken from $90.00 to $88.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. The Goldman Sachs Group reduced their price objective on shares of Timken from $85.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Finally, Loop Capital reduced their price objective on shares of Timken from $85.00 to $65.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus 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.