Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in The Timken Company (NYSE:TKR)

Universal Beteiligungs und Servicegesellschaft mbH 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 Securities & Exchange Commission. The institutional investor bought 60,389 shares of the industrial products company's stock, valued at approximately $4,310,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of Timken as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. First Horizon Advisors Inc. lifted its holdings in shares of Timken by 8.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,981 shares of the industrial products company's stock worth $141,000 after purchasing an additional 158 shares in the last quarter. Amundi raised its holdings in Timken by 25.8% during the fourth quarter. Amundi now owns 848 shares of the industrial products company's stock worth $61,000 after buying an additional 174 shares during the last quarter. Ethic Inc. lifted its stake in shares of Timken by 2.8% in the fourth quarter. Ethic Inc. now owns 6,882 shares of the industrial products company's stock valued at $491,000 after buying an additional 188 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Timken by 7.3% during the fourth quarter. ProShare Advisors LLC now owns 2,986 shares of the industrial products company's stock valued at $213,000 after buying an additional 204 shares during the last quarter. Finally, Principal Securities Inc. increased its position in shares of Timken by 7.8% during the fourth quarter. Principal Securities Inc. now owns 2,857 shares of the industrial products company's stock worth $204,000 after acquiring an additional 207 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Stock Up 2.3%

Timken stock traded up $1.59 during mid-day trading on Tuesday, reaching $70.57. The stock had a trading volume of 710,622 shares, compared to its average volume of 571,609. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 1.51 and a beta of 1.30. 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 one year low of $56.20 and a one year high of $90.49. The company has a 50-day moving average price of $66.41 and a two-hundred day moving average price of $72.97.

Timken (NYSE:TKR - Get Free Report) last posted 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 firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter last year, the company posted $1.77 EPS. The firm's revenue was down 4.2% compared to the same quarter last year. On average, analysts expect 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 issued a $0.35 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $1.40 annualized dividend and a yield of 1.98%. This is an increase from Timken's previous quarterly dividend of $0.34. Timken's dividend payout ratio is currently 30.17%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TKR shares. Bank of America raised shares of Timken from an "underperform" rating to a "neutral" rating and raised their price target for the company from $73.00 to $78.00 in a research report on Tuesday, February 4th. Evercore ISI dropped their target price on Timken from $102.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, May 19th. Loop Capital decreased their price target on Timken from $85.00 to $65.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Jefferies Financial Group restated a "hold" rating and set a $70.00 price objective (down from $90.00) on shares of Timken in a research note on Wednesday, April 2nd. Finally, Morgan Stanley reduced their target price on shares of Timken from $94.00 to $88.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus 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.