Ceredex Value Advisors LLC Trims Stock Position in The Timken Company (NYSE:TKR)

Ceredex Value Advisors LLC lowered its stake in shares of The Timken Company (NYSE:TKR - Free Report) by 20.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,698 shares of the industrial products company's stock after selling 36,102 shares during the period. Ceredex Value Advisors LLC owned 0.20% of Timken worth $11,517,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Edmp Inc. bought a new stake in shares of Timken during the 4th quarter worth approximately $259,000. International Assets Investment Management LLC raised its stake in shares of Timken by 7,913.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,763 shares of the industrial products company's stock worth $141,000 after purchasing an additional 1,741 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of Timken during the 4th quarter worth approximately $586,000. Quent Capital LLC raised its stake in Timken by 50.4% in the 4th quarter. Quent Capital LLC now owns 1,018 shares of the industrial products company's stock valued at $82,000 after acquiring an additional 341 shares during the period. Finally, Ellsworth Advisors LLC raised its stake in Timken by 4.8% in the 4th quarter. Ellsworth Advisors LLC now owns 53,920 shares of the industrial products company's stock valued at $4,322,000 after acquiring an additional 2,479 shares during the period. Institutional investors own 89.08% of the company's stock.

Timken Price Performance

Shares of TKR traded up $0.52 during trading hours on Monday, hitting $88.35. 351,158 shares of the company were exchanged, compared to its average volume of 502,431. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 1.22 and a beta of 1.54. The Timken Company has a fifty-two week low of $65.71 and a fifty-two week high of $95.08. The company has a quick ratio of 0.96, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The firm's fifty day moving average is $84.40 and its 200 day moving average is $78.23.

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

Timken Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Tuesday, February 20th were given a dividend of $0.33 per share. The ex-dividend date was Friday, February 16th. This represents a $1.32 annualized dividend and a dividend yield of 1.49%. Timken's dividend payout ratio is currently 24.18%.

Wall Street Analysts Forecast Growth

TKR has been the topic of a number of research analyst reports. Stifel Nicolaus dropped their price target on Timken from $93.00 to $92.00 and set a "buy" rating on the stock in a research note on Tuesday, December 19th. Morgan Stanley initiated coverage on Timken in a research note on Monday, January 8th. They issued an "equal weight" rating and a $74.00 price target on the stock. StockNews.com cut Timken from a "buy" rating to a "hold" rating in a research note on Wednesday, February 21st. The Goldman Sachs Group increased their price target on Timken from $78.00 to $87.00 and gave the company a "neutral" rating in a research note on Tuesday, February 6th. Finally, Jefferies Financial Group cut Timken from a "buy" rating to a "hold" rating and dropped their price target for the company from $105.00 to $85.00 in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $85.90.

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.