The Timken Company (NYSE:TKR) Stock Position Raised by Raymond James & Associates

Raymond James & Associates boosted its holdings in shares of The Timken Company (NYSE:TKR - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 175,061 shares of the industrial products company's stock after purchasing an additional 15,529 shares during the period. Raymond James & Associates owned about 0.25% of Timken worth $14,031,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Timken by 0.5% in the third quarter. Vanguard Group Inc. now owns 6,450,013 shares of the industrial products company's stock valued at $380,808,000 after acquiring an additional 29,889 shares during the last quarter. BlackRock Inc. raised its position in Timken by 2.0% in the 1st quarter. BlackRock Inc. now owns 5,773,011 shares of the industrial products company's stock worth $350,420,000 after purchasing an additional 112,617 shares during the last quarter. State Street Corp raised its position in Timken by 0.5% in the 1st quarter. State Street Corp now owns 1,922,811 shares of the industrial products company's stock worth $157,132,000 after purchasing an additional 9,303 shares during the last quarter. American Century Companies Inc. raised its position in Timken by 7.7% in the 3rd quarter. American Century Companies Inc. now owns 1,826,547 shares of the industrial products company's stock worth $134,233,000 after purchasing an additional 131,253 shares during the last quarter. Finally, Invesco Ltd. raised its position in Timken by 54.9% in the 1st quarter. Invesco Ltd. now owns 1,588,490 shares of the industrial products company's stock worth $96,421,000 after purchasing an additional 562,930 shares during the last quarter. Institutional investors own 89.08% of the company's stock.

Timken Stock Down 1.3 %

NYSE TKR traded down $1.15 on Thursday, reaching $86.24. The company had a trading volume of 391,143 shares, compared to its average volume of 505,790. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.20 and a beta of 1.54. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.96 and a current ratio of 1.79. The Timken Company has a 1-year low of $65.71 and a 1-year high of $95.08. The company's fifty day moving average is $84.16 and its 200-day moving average is $77.96.

Timken (NYSE:TKR - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The industrial products company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.22 by $0.15. The firm had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.06 billion. Timken had a net margin of 8.26% and a return on equity of 19.57%. The company's revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 EPS. On average, research analysts forecast that The Timken Company will post 6.01 earnings per share for the current fiscal year.

Timken Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Tuesday, February 20th were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.53%. Timken's payout ratio is 24.18%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Oppenheimer restated an "outperform" rating and issued a $100.00 price objective (up previously from $97.00) on shares of Timken in a research report on Thursday, March 21st. The Goldman Sachs Group lifted their target price on shares of Timken from $78.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday, February 6th. DA Davidson started coverage on shares of Timken in a report on Tuesday, January 23rd. They set a "buy" rating and a $92.00 target price for the company. StockNews.com lowered shares of Timken from a "buy" rating to a "hold" rating in a report on Wednesday, February 21st. Finally, Jefferies Financial Group lowered shares of Timken from a "buy" rating to a "hold" rating and lowered their target price for the stock from $105.00 to $85.00 in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $85.90.

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.