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

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

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Amundi boosted its position in Timken by 25.8% during 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 worth $66,000. UMB Bank n.a. raised its position in shares of Timken by 400.0% during the 1st quarter. UMB Bank n.a. now owns 1,000 shares of the industrial products company's stock valued at $72,000 after purchasing an additional 800 shares during the period. GAMMA Investing LLC increased its holdings in shares of Timken by 282.3% in the 1st quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company's stock worth $82,000 after buying an additional 847 shares during the last quarter. Finally, Alpine Bank Wealth Management purchased a new position in shares of Timken during the 1st quarter worth about $108,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Trading Up 2.0%

Shares of NYSE:TKR traded up $1.58 during trading on Tuesday, reaching $80.21. The company's stock had a trading volume of 554,715 shares, compared to its average volume of 589,014. The company has a current ratio of 3.15, a quick ratio of 1.71 and a debt-to-equity ratio of 0.68. Timken Company has a 12 month low of $56.20 and a 12 month high of $90.49. The stock has a market capitalization of $5.61 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.87 and a beta of 1.27. The firm's 50 day simple moving average is $73.04 and its two-hundred day simple moving average is $72.84.

Timken (NYSE:TKR - Get Free Report) last released its earnings results 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 12.62% and a net margin of 7.24%. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.13 billion. During the same period in the prior year, the firm earned $1.77 EPS. The firm's revenue for the quarter was down 4.2% on a year-over-year basis. On average, research analysts predict that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Tuesday, May 13th. This is a positive change from Timken's previous quarterly dividend of $0.34. Timken's payout ratio is currently 30.17%.

Wall Street Analyst Weigh In

TKR has been the subject of a number of recent research reports. 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 note on Wednesday, April 2nd. Citigroup raised their price target on shares of Timken from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. DA Davidson upped their price objective on shares of Timken from $71.00 to $80.00 and gave the stock a "neutral" rating in a report on Tuesday. Oppenheimer cut their price objective on Timken from $90.00 to $88.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Finally, Morgan Stanley decreased their target price on Timken from $94.00 to $88.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $79.90.

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.