The Timken Company (NYSE:TKR) Shares Acquired by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP boosted its holdings in shares of The Timken Company (NYSE:TKR - Free Report) by 130.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,500 shares of the industrial products company's stock after acquiring an additional 73,916 shares during the period. Hudson Bay Capital Management LP owned approximately 0.19% of Timken worth $9,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Graham Capital Management L.P. bought a new stake in shares of Timken in the fourth quarter worth $1,534,000. Ethic Inc. increased its position 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 acquiring an additional 188 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Timken by 150.8% in the 4th quarter. Deutsche Bank AG now owns 11,427 shares of the industrial products company's stock valued at $816,000 after buying an additional 6,870 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in shares of Timken during the 4th quarter worth about $12,338,000. Finally, Ameriprise Financial Inc. raised its stake in Timken by 1.3% in the fourth quarter. Ameriprise Financial Inc. now owns 97,084 shares of the industrial products company's stock valued at $6,929,000 after buying an additional 1,206 shares during the period. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Price Performance

Timken stock traded up $1.16 during midday trading on Friday, reaching $73.65. 265,124 shares of the stock traded hands, compared to its average volume of 562,970. The company has a quick ratio of 1.61, a current ratio of 3.07 and a debt-to-equity ratio of 0.69. The Timken Company has a 12 month low of $56.20 and a 12 month high of $93.04. The stock's fifty day moving average is $67.51 and its 200-day moving average is $73.73. The stock has a market cap of $5.15 billion, a P/E ratio of 14.73, a PEG ratio of 1.51 and a beta of 1.30.

Timken (NYSE:TKR - Get Free Report) last released its earnings results 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). The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.13 billion. Timken had a return on equity of 13.93% and a net margin of 7.71%. The business's revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.77 EPS. As a group, equities research analysts anticipate 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 paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This is a boost from Timken's previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 1.90%. Timken's dividend payout ratio (DPR) is 30.17%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TKR. Morgan Stanley decreased their price target on Timken from $94.00 to $88.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Jefferies Financial Group reiterated a "hold" rating and set a $70.00 target price (down previously from $90.00) on shares of Timken in a research report on Wednesday, April 2nd. The Goldman Sachs Group lowered their price objective on Timken from $85.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Citigroup boosted their target price on Timken from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Bank of America raised Timken from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $73.00 to $78.00 in a research report on Tuesday, February 4th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $80.20.

About Timken

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.