UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 17,966 Shares of The Timken Company (NYSE:TKR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of The Timken Company (NYSE:TKR - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 210,872 shares of the industrial products company's stock after purchasing an additional 17,966 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.30% of Timken worth $15,050,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TKR. Vanguard Group Inc. lifted its holdings in shares of Timken by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 6,465,760 shares of the industrial products company's stock valued at $461,461,000 after buying an additional 26,973 shares during the last quarter. American Century Companies Inc. raised its position in 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 acquiring an additional 320,354 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Timken by 5.9% in 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 acquiring an additional 124,676 shares during the last quarter. Earnest Partners LLC grew its position in Timken by 0.3% in the fourth quarter. Earnest Partners LLC now owns 1,295,126 shares of the industrial products company's stock worth $92,433,000 after acquiring an additional 3,594 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in shares of Timken by 5.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,285,013 shares of the industrial products company's stock valued at $91,711,000 after purchasing an additional 63,485 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company's stock.

Timken Stock Performance

TKR stock traded up $1.59 on Tuesday, reaching $70.57. 710,622 shares of the company were exchanged, compared to its average volume of 572,123. 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 Timken Company has a 12 month low of $56.20 and a 12 month high of $90.49. The stock's fifty day moving average price is $66.34 and its 200 day moving average price is $72.95. The firm has a market capitalization of $4.94 billion, a PE ratio of 14.14, a PEG ratio of 1.51 and a beta of 1.30.

Timken (NYSE:TKR - Get Free Report) last announced 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 net margin of 7.71% and a return on equity of 13.93%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the company posted $1.77 EPS. The firm's quarterly revenue was down 4.2% on a year-over-year basis. On average, research analysts anticipate that The Timken Company will post 5.62 EPS for the current fiscal year.

Timken Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.98%. This is a positive change from Timken's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, May 13th. Timken's dividend payout ratio is presently 30.17%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TKR. Loop Capital decreased their price objective on shares of Timken from $85.00 to $65.00 and set a "hold" rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group lowered their price objective on Timken from $85.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Jefferies Financial Group restated a "hold" rating and issued a $70.00 target price (down from $90.00) on shares of Timken in a report on Wednesday, April 2nd. DA Davidson upped their target price on Timken from $66.00 to $71.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Finally, Bank of America raised shares of Timken from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $73.00 to $78.00 in a research report on Tuesday, February 4th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Timken presently has a consensus rating of "Hold" and a consensus price target 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.