Mercer Global Advisors Inc. ADV Has $2.93 Million Stock Holdings in The Timken Company (NYSE:TKR)

Mercer Global Advisors Inc. ADV decreased its position in The Timken Company (NYSE:TKR - Free Report) by 13.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 40,996 shares of the industrial products company's stock after selling 6,617 shares during the period. Mercer Global Advisors Inc. ADV owned about 0.06% of Timken worth $2,926,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its holdings in Timken by 8.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,981 shares of the industrial products company's stock worth $141,000 after buying an additional 158 shares during the last quarter. Amundi increased its stake in shares of Timken by 25.8% during the 4th quarter. Amundi now owns 848 shares of the industrial products company's stock worth $61,000 after purchasing an additional 174 shares during the last quarter. Sheets Smith Wealth Management raised its holdings in shares of Timken by 3.4% in the 4th quarter. Sheets Smith Wealth Management now owns 5,856 shares of the industrial products company's stock valued at $418,000 after purchasing an additional 190 shares during the period. Principal Securities Inc. lifted its stake in Timken by 7.8% in the 4th quarter. Principal Securities Inc. now owns 2,857 shares of the industrial products company's stock valued at $204,000 after purchasing an additional 207 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Timken by 0.5% in the 3rd quarter. Franklin Resources Inc. now owns 41,373 shares of the industrial products company's stock valued at $3,502,000 after purchasing an additional 222 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TKR shares. Citigroup upped their price objective on Timken from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday. Loop Capital decreased their target price on Timken from $85.00 to $65.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Evercore ISI raised their price target on Timken from $91.00 to $102.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Morgan Stanley reduced their price objective on shares of Timken from $94.00 to $88.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Oppenheimer dropped their price objective on shares of Timken from $90.00 to $88.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. 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, Timken presently has a consensus rating of "Hold" and a consensus price target of $80.20.

Timken Stock Performance

Shares of TKR traded up $3.83 during midday trading on Monday, reaching $72.45. 136,697 shares of the stock were exchanged, compared to its average volume of 558,618. The stock's 50 day simple moving average is $67.77 and its 200 day simple moving average is $73.92. The company has a market cap of $5.07 billion, a P/E ratio of 14.53, a PEG ratio of 1.51 and a beta of 1.30. The Timken Company has a twelve month low of $56.20 and a twelve month high of $93.66. The company has a quick ratio of 1.61, a current ratio of 3.07 and a debt-to-equity ratio of 0.69.

Timken (NYSE:TKR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.40 earnings per share (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 business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the firm earned $1.77 EPS. The business's revenue for the quarter was down 4.2% on a year-over-year basis. On average, sell-side analysts expect that The Timken Company will post 5.62 earnings per share for the current year.

Timken Increases Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, May 13th. This represents a $1.40 dividend on an annualized basis and a yield of 1.93%. This is an increase from Timken's previous quarterly dividend of $0.34. Timken's dividend payout ratio is currently 30.17%.

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.