The Timken Company (NYSE:TKR) Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC cut its holdings in shares of The Timken Company (NYSE:TKR - Free Report) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 466,147 shares of the industrial products company's stock after selling 3,677 shares during the period. Frontier Capital Management Co. LLC owned about 0.66% of Timken worth $33,269,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Barclays PLC lifted its position in shares of Timken by 221.6% during the third quarter. Barclays PLC now owns 86,667 shares of the industrial products company's stock worth $7,307,000 after purchasing an additional 59,716 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Timken by 0.5% during the third quarter. Franklin Resources Inc. now owns 41,373 shares of the industrial products company's stock worth $3,502,000 after purchasing an additional 222 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Timken by 15.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,684 shares of the industrial products company's stock worth $477,000 after purchasing an additional 885 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Timken by 29.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 60,625 shares of the industrial products company's stock worth $4,327,000 after purchasing an additional 13,697 shares during the last quarter. Finally, TT International Asset Management LTD lifted its position in shares of Timken by 20.1% during the fourth quarter. TT International Asset Management LTD now owns 47,187 shares of the industrial products company's stock worth $3,367,000 after purchasing an additional 7,913 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TKR has been the topic of several research analyst reports. Loop Capital reduced 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. Bank of America raised shares of Timken from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $73.00 to $78.00 in a research report on Tuesday, February 4th. Jefferies Financial Group reissued 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. DA Davidson raised their target price on shares of Timken from $66.00 to $71.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Finally, Morgan Stanley cut their target price on shares of Timken from $94.00 to $88.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $80.20.

Timken Stock Performance

Shares of NYSE:TKR traded up $0.19 during trading hours on Friday, hitting $68.62. The stock had a trading volume of 504,627 shares, compared to its average volume of 560,269. The stock's fifty day simple moving average is $67.77 and its 200 day simple moving average is $73.92. The Timken Company has a 1-year low of $56.20 and a 1-year high of $93.66. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.51 and a beta of 1.30. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 3.07.

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 net margin of 7.71% and a return on equity of 13.93%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the business posted $1.77 EPS. Timken's revenue for the quarter was down 4.2% compared to the same quarter last year. Sell-side analysts anticipate that The Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 2.04%. This is a positive change from Timken's previous quarterly dividend of $0.34. Timken's dividend payout ratio (DPR) is presently 30.17%.

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.