Numerai GP LLC Acquires Shares of 31,084 The Timken Company (NYSE:TKR)

Numerai GP LLC bought a new position in The Timken Company (NYSE:TKR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 31,084 shares of the industrial products company's stock, valued at approximately $2,218,000.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Timken by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 6,465,760 shares of the industrial products company's stock worth $461,461,000 after buying an additional 26,973 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Timken by 11.3% during the fourth quarter. American Century Companies Inc. now owns 3,158,690 shares of the industrial products company's stock valued at $225,436,000 after purchasing an additional 320,354 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Timken by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,233,493 shares of the industrial products company's stock valued at $159,403,000 after purchasing an additional 124,676 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of Timken by 0.3% during the fourth quarter. Earnest Partners LLC now owns 1,295,126 shares of the industrial products company's stock valued at $92,433,000 after purchasing an additional 3,594 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in shares of Timken by 5.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,285,013 shares of the industrial products company's stock valued at $91,711,000 after purchasing an additional 63,485 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Price Performance

Shares of NYSE:TKR traded up $1.36 during midday trading on Friday, reaching $73.85. 616,409 shares of the company were exchanged, compared to its average volume of 565,015. The company has a current ratio of 3.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69. The business's fifty day moving average is $67.49 and its two-hundred day moving average is $73.66. The Timken Company has a one year low of $56.20 and a one year high of $92.34. The stock has a market cap of $5.17 billion, a PE ratio of 14.80, 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 company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company posted $1.77 EPS. Timken's revenue was down 4.2% compared to the same quarter last year. As a group, analysts predict that The Timken Company will post 5.62 earnings per share for the current year.

Timken Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $1.40 annualized dividend and a yield of 1.90%. This is a positive change from Timken's previous quarterly dividend of $0.34. Timken's dividend payout ratio (DPR) is 30.17%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TKR. Evercore ISI boosted their price objective on shares of Timken from $91.00 to $102.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Jefferies Financial Group reissued a "hold" rating and set a $70.00 price objective (down from $90.00) on shares of Timken in a report on Wednesday, April 2nd. The Goldman Sachs Group decreased their price objective on shares of Timken from $85.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Oppenheimer cut their target price on shares of Timken from $90.00 to $88.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, Morgan Stanley cut their target price 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. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $80.20.

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.