Timken Company (The) (NYSE:TKR) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its holdings in Timken Company (The) (NYSE:TKR - Free Report) by 60.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,809 shares of the industrial products company's stock after selling 79,702 shares during the period. Segall Bryant & Hamill LLC owned about 0.07% of Timken worth $3,724,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of TKR. Vanguard Group Inc. increased its position in shares of Timken by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 6,465,760 shares of the industrial products company's stock worth $461,461,000 after purchasing an additional 26,973 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Timken by 11.3% during the fourth quarter. American Century Companies Inc. now owns 3,158,690 shares of the industrial products company's stock valued at $225,436,000 after buying an additional 320,354 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Timken by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,233,493 shares of the industrial products company's stock valued at $159,403,000 after buying an additional 124,676 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Timken by 108.8% during the first quarter. Victory Capital Management Inc. now owns 1,841,828 shares of the industrial products company's stock valued at $132,372,000 after buying an additional 959,672 shares during the last quarter. Finally, Earnest Partners LLC grew its holdings in shares of Timken by 0.3% during the fourth quarter. Earnest Partners LLC now owns 1,295,126 shares of the industrial products company's stock valued at $92,433,000 after buying an additional 3,594 shares during the last quarter. Institutional investors own 89.08% of the company's stock.

Timken Price Performance

Shares of TKR stock traded up $0.15 during mid-day trading on Friday, hitting $79.28. 634,982 shares of the stock were exchanged, compared to its average volume of 588,395. The firm has a fifty day moving average of $73.04 and a 200 day moving average of $72.82. The company has a quick ratio of 1.71, a current ratio of 3.15 and a debt-to-equity ratio of 0.68. Timken Company has a 52-week low of $56.20 and a 52-week high of $90.49. The company has a market cap of $5.55 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27.

Timken (NYSE:TKR - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.03). Timken had a return on equity of 12.62% and a net margin of 7.24%. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.13 billion. During the same period in the previous year, the company earned $1.77 earnings per share. The company's revenue was down 4.2% compared to the same quarter last year. Research analysts anticipate that Timken Company will post 5.62 earnings per share for the current year.

Timken Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Tuesday, May 13th. This is an increase from Timken's previous quarterly dividend of $0.34. Timken's dividend payout ratio is 30.17%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Timken from $94.00 to $88.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. DA Davidson boosted their price objective on shares of Timken from $66.00 to $71.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Citigroup upped their price target on shares of Timken from $75.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $70.00 price target (down from $90.00) on shares of Timken in a report on Wednesday, April 2nd. Finally, Evercore ISI lowered their price target on shares of Timken from $102.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, May 19th. Six equities research 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 currently has an average rating of "Hold" and a consensus price target of $79.00.

Timken 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.