Ulysses Management LLC Invests $1.29 Million in The Timken Company (NYSE:TKR)

Ulysses Management LLC bought a new position in shares of The Timken Company (NYSE:TKR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 18,000 shares of the industrial products company's stock, valued at approximately $1,285,000.

Other hedge funds have also modified their holdings of the company. Barclays PLC lifted its stake in Timken by 221.6% in the 3rd quarter. Barclays PLC now owns 86,667 shares of the industrial products company's stock valued at $7,307,000 after buying an additional 59,716 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Timken by 13.6% in the 4th quarter. Park Avenue Securities LLC now owns 3,093 shares of the industrial products company's stock valued at $221,000 after buying an additional 371 shares in the last quarter. Sheets Smith Wealth Management lifted its stake in Timken by 3.4% in the 4th quarter. Sheets Smith Wealth Management now owns 5,856 shares of the industrial products company's stock valued at $418,000 after buying an additional 190 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Timken by 25.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 107,102 shares of the industrial products company's stock valued at $7,644,000 after buying an additional 22,003 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in Timken by 15.2% in the 4th quarter. Inspire Investing LLC now owns 5,647 shares of the industrial products company's stock valued at $403,000 after buying an additional 746 shares in the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Stock Performance

NYSE:TKR opened at $73.20 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 3.07. The stock has a market capitalization of $5.12 billion, a P/E ratio of 14.67, a PEG ratio of 1.51 and a beta of 1.30. The company has a 50 day moving average price of $67.49 and a 200 day moving average price of $73.45. The Timken Company has a fifty-two week low of $56.20 and a fifty-two week high of $92.34.

Timken (NYSE:TKR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.40 earnings per share for the quarter, missing analysts' consensus estimates of $1.43 by ($0.03). Timken had a return on equity of 13.93% and a net margin of 7.71%. 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 previous year, the business posted $1.77 EPS. The business's revenue for the quarter was down 4.2% on a year-over-year basis. Equities research analysts forecast that The Timken Company will post 5.62 EPS for the current year.

Timken Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.91%. The ex-dividend date is Tuesday, May 13th. This is a boost from Timken's previous quarterly dividend of $0.34. Timken's dividend payout ratio (DPR) is currently 30.17%.

Wall Street Analyst Weigh In

A number of analysts have commented on TKR shares. Bank of America upgraded shares of Timken from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $73.00 to $78.00 in a report on Tuesday, February 4th. Jefferies Financial Group reiterated a "hold" rating and issued a $70.00 price objective (down previously from $90.00) on shares of Timken in a report on Wednesday, April 2nd. DA Davidson increased 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. Morgan Stanley cut their price objective on shares of Timken from $94.00 to $88.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group cut their price objective on shares of Timken from $85.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Timken currently has an average rating of "Hold" and an average target price of $78.50.

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.

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