Schechter Investment Advisors LLC Sells 5,231 Shares of Timken Company (The) (NYSE:TKR)

Schechter Investment Advisors LLC lowered its holdings in shares of Timken Company (The) (NYSE:TKR - Free Report) by 24.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,095 shares of the industrial products company's stock after selling 5,231 shares during the period. Schechter Investment Advisors LLC's holdings in Timken were worth $1,157,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TKR. Amundi grew its stake in shares of Timken by 25.8% in the 4th quarter. Amundi now owns 848 shares of the industrial products company's stock valued at $61,000 after purchasing an additional 174 shares during the period. Parvin Asset Management LLC bought a new stake in Timken in the fourth quarter valued at $66,000. UMB Bank n.a. grew its position in Timken by 400.0% in the first quarter. UMB Bank n.a. now owns 1,000 shares of the industrial products company's stock valued at $72,000 after acquiring an additional 800 shares during the period. GAMMA Investing LLC raised its stake in Timken by 282.3% during the first quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company's stock worth $82,000 after acquiring an additional 847 shares in the last quarter. Finally, Alpine Bank Wealth Management bought a new position in shares of Timken during the first quarter valued at $108,000. Institutional investors own 89.08% of the company's stock.

Timken Stock Performance

TKR stock opened at $78.11 on Monday. Timken Company has a twelve month low of $56.20 and a twelve month high of $90.49. The company has a quick ratio of 1.71, a current ratio of 3.15 and a debt-to-equity ratio of 0.68. The company has a market cap of $5.46 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 1.86 and a beta of 1.27. The business's fifty day moving average is $71.98 and its 200-day moving average is $72.61.

Timken (NYSE:TKR - Get Free Report) last released its earnings results 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). Timken had a net margin of 7.24% and a return on equity of 12.62%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the company posted $1.77 EPS. The company's quarterly revenue was down 4.2% compared to the same quarter last year. Equities research analysts forecast that Timken Company will post 5.62 EPS for the current year.

Timken Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were issued a dividend of $0.35 per share. The ex-dividend date was Tuesday, May 13th. This represents a $1.40 dividend on an annualized basis and a yield of 1.79%. This is a boost from Timken's previous quarterly dividend of $0.34. Timken's payout ratio is currently 30.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group reaffirmed a "hold" rating and set a $70.00 price target (down from $90.00) on shares of Timken in a report on Wednesday, April 2nd. Citigroup raised their target price on Timken from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Morgan Stanley reduced their price target on shares of Timken from $94.00 to $88.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Oppenheimer lowered their price objective 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. Finally, Loop Capital reduced their target price on shares of Timken from $85.00 to $65.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $79.00.

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.

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