Westwood Holdings Group Inc. Sells 15,761 Shares of Timken Company (The) (NYSE:TKR)

Westwood Holdings Group Inc. cut its stake in shares of Timken Company (The) (NYSE:TKR - Free Report) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 264,155 shares of the industrial products company's stock after selling 15,761 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.38% of Timken worth $18,985,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TKR. Pinnacle Associates Ltd. increased its holdings in shares of Timken by 0.6% during the first quarter. Pinnacle Associates Ltd. now owns 25,605 shares of the industrial products company's stock valued at $1,840,000 after acquiring an additional 155 shares in the last quarter. Blue Trust Inc. grew its position in Timken by 9.2% in the 1st quarter. Blue Trust Inc. now owns 2,050 shares of the industrial products company's stock valued at $147,000 after purchasing an additional 173 shares during the period. Ethic Inc. raised its holdings in Timken by 2.8% during the fourth quarter. Ethic Inc. now owns 6,882 shares of the industrial products company's stock worth $491,000 after buying an additional 188 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Timken by 2.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,476 shares of the industrial products company's stock valued at $537,000 after buying an additional 188 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Timken by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 35,118 shares of the industrial products company's stock valued at $2,523,000 after buying an additional 190 shares during the last quarter. Institutional investors own 89.08% of the company's stock.

Timken Stock Performance

Shares of NYSE TKR traded up $0.53 during mid-day trading on Friday, reaching $74.44. 321,431 shares of the company's stock were exchanged, compared to its average volume of 724,696. The firm has a 50-day moving average price of $74.94 and a two-hundred day moving average price of $73.12. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.13 and a quick ratio of 1.72. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.62 and a beta of 1.30. Timken Company has a 52 week low of $56.20 and a 52 week high of $87.52.

Timken (NYSE:TKR - Get Free Report) last released its earnings results on Wednesday, July 30th. The industrial products company reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.08. Timken had a net margin of 6.86% and a return on equity of 11.78%. The firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the previous year, the company earned $1.63 earnings per share. The company's quarterly revenue was down .8% on a year-over-year basis. Analysts predict that Timken Company will post 5.62 EPS for the current year.

Analysts Set New Price Targets

TKR has been the topic of several recent research reports. Loop Capital dropped their price target on shares of Timken from $85.00 to $65.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. DA Davidson raised their target price on Timken from $71.00 to $80.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Evercore ISI decreased their price target on Timken from $102.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, May 19th. Oppenheimer dropped their price objective on Timken from $90.00 to $88.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. 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. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average 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.