Two Sigma Advisers LP Has $14.67 Million Holdings in The Timken Company (NYSE:TKR)

Two Sigma Advisers LP trimmed its holdings in The Timken Company (NYSE:TKR - Free Report) by 8.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 205,591 shares of the industrial products company's stock after selling 19,300 shares during the quarter. Two Sigma Advisers LP owned 0.29% of Timken worth $14,673,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC raised its holdings in Timken by 79.4% during the 4th quarter. Sterling Capital Management LLC now owns 26,838 shares of the industrial products company's stock worth $1,915,000 after buying an additional 11,876 shares during the period. Barclays PLC raised its holdings in Timken by 221.6% during the 3rd 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 period. Raymond James Financial Inc. acquired a new stake in Timken during the 4th quarter worth about $14,460,000. Janney Montgomery Scott LLC raised its holdings in Timken by 25.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 107,102 shares of the industrial products company's stock worth $7,644,000 after buying an additional 22,003 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Timken during the 4th quarter worth about $574,000. Institutional investors and hedge funds own 89.08% of the company's stock.

Timken Stock Up 2.7%

Shares of TKR traded up $1.85 during mid-day trading on Tuesday, hitting $70.31. 59,406 shares of the company's stock were exchanged, compared to its average volume of 699,844. The firm has a fifty day moving average of $67.00 and a two-hundred day moving average of $73.17. The Timken Company has a twelve month low of $56.20 and a twelve month high of $90.49. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 1.51 and a beta of 1.30. The company has a quick ratio of 1.61, a current ratio of 3.07 and a debt-to-equity ratio of 0.69.

Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $1.40 EPS for the quarter, missing the consensus estimate 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 last year, the company earned $1.77 EPS. The business's revenue for the quarter was down 4.2% compared to the same quarter last year. On average, sell-side analysts forecast that The Timken Company will post 5.62 earnings per share for the current year.

Timken Increases Dividend

The firm 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. This is a positive change from Timken's previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 1.99%. Timken's dividend payout ratio is 30.17%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group reiterated a "hold" rating and issued a $70.00 target price (down previously from $90.00) on shares of Timken in a report on Wednesday, April 2nd. Citigroup upped their price objective on shares of Timken from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. DA Davidson upped their price objective 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. Bank of America upgraded shares of Timken from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $73.00 to $78.00 in a research note on Tuesday, February 4th. Finally, Loop Capital dropped 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average 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.