WCM Investment Management LLC Grows Stock Holdings in The Timken Company (NYSE:TKR)

WCM Investment Management LLC lifted its position in The Timken Company (NYSE:TKR - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,818 shares of the industrial products company's stock after buying an additional 16,322 shares during the period. WCM Investment Management LLC owned about 0.29% of Timken worth $16,443,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Sunbelt Securities Inc. bought a new position in Timken during the 2nd quarter worth about $36,000. IFP Advisors Inc increased its holdings in Timken by 96.3% during the 2nd quarter. IFP Advisors Inc now owns 430 shares of the industrial products company's stock worth $39,000 after purchasing an additional 211 shares in the last quarter. Acadian Asset Management LLC bought a new position in Timken during the 1st quarter worth about $36,000. Lazard Asset Management LLC bought a new position in Timken during the 4th quarter worth about $34,000. Finally, Money Concepts Capital Corp bought a new position in Timken during the 4th quarter worth about $35,000. Institutional investors own 89.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. DA Davidson assumed coverage on Timken in a report on Tuesday, January 23rd. They set a "buy" rating and a $92.00 target price for the company. Morgan Stanley began coverage on shares of Timken in a research note on Monday, January 8th. They set an "equal weight" rating and a $74.00 price objective for the company. Stifel Nicolaus reduced their price objective on shares of Timken from $93.00 to $92.00 and set a "buy" rating for the company in a research note on Tuesday, December 19th. Evercore ISI downgraded shares of Timken from an "outperform" rating to an "in-line" rating and set a $84.00 price objective for the company. in a research note on Tuesday, February 20th. Finally, StockNews.com downgraded shares of Timken from a "buy" rating to a "hold" rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Timken presently has a consensus rating of "Hold" and a consensus price target of $85.90.

Timken Stock Performance

TKR stock traded down $1.77 during mid-day trading on Friday, hitting $84.80. 266,708 shares of the company were exchanged, compared to its average volume of 425,479. The business has a 50 day simple moving average of $84.62 and a 200-day simple moving average of $78.63. The company has a current ratio of 1.79, a quick ratio of 0.96 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $5.97 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 1.17 and a beta of 1.54. The Timken Company has a 1-year low of $65.71 and a 1-year high of $95.08.

Timken (NYSE:TKR - Get Free Report) last issued its quarterly earnings data 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. Timken had a net margin of 8.26% and a return on equity of 19.57%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted $1.22 earnings per share. The business's revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts forecast that The Timken Company will post 6.01 earnings per share for the current year.

Timken Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.32 annualized dividend and a dividend yield of 1.56%. Timken's dividend payout ratio is presently 24.18%.

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.