5,358 Shares in The Timken Company (NYSE:TKR) Bought by Marshall Wace LLP

Marshall Wace LLP bought a new stake in The Timken Company (NYSE:TKR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,358 shares of the industrial products company's stock, valued at approximately $382,000.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. grew its position in Timken by 418.4% in the 4th quarter. Victory Capital Management Inc. now owns 882,156 shares of the industrial products company's stock valued at $62,959,000 after purchasing an additional 711,979 shares during the period. Norges Bank bought a new position in shares of Timken during the fourth quarter valued at about $42,748,000. American Century Companies Inc. grew its position in Timken by 11.3% in the 4th quarter. American Century Companies Inc. now owns 3,158,690 shares of the industrial products company's stock worth $225,436,000 after purchasing an additional 320,354 shares in the last quarter. Royce & Associates LP increased its stake in Timken by 108.9% in the 4th quarter. Royce & Associates LP now owns 397,895 shares of the industrial products company's stock valued at $28,398,000 after buying an additional 207,439 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Timken in the 4th quarter worth approximately $14,460,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Morgan Stanley lowered their target price on Timken from $94.00 to $88.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group lowered their target price on Timken from $85.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. 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. Bank of America upgraded shares of Timken from an "underperform" rating to a "neutral" rating and upped their price target for the company from $73.00 to $78.00 in a research note on Tuesday, February 4th. Finally, DA Davidson increased their target price on Timken from $66.00 to $71.00 and gave the stock a "neutral" rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $80.20.

Timken Stock Up 0.2 %

Shares of NYSE:TKR traded up $0.14 during trading on Friday, reaching $68.57. 111,887 shares of the stock traded hands, compared to its average volume of 557,579. The stock has a 50-day moving average of $67.89 and a two-hundred day moving average of $74.17. 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 Timken Company has a 52-week low of $56.20 and a 52-week high of $93.66. The stock has a market cap of $4.80 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 1.51 and a beta of 1.30.

Timken (NYSE:TKR - Get Free Report) last issued 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). Timken had a return on equity of 13.93% and a net margin of 7.71%. The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same period last year, the firm posted $1.77 EPS. Timken's quarterly revenue was down 4.2% compared to the same quarter last year. As a group, sell-side analysts expect that The Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.04%. This is a positive change from Timken's previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Tuesday, May 13th. Timken's payout ratio is 30.17%.

Timken Company 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.