NYSE:TKR - Free Report ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,018 shares of the industrial products company's stock, valued at approximately $1,284,000.
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A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC acquired a new stake in Timken in the 4th quarter valued at $35,000. Anchor Investment Management LLC acquired a new position in Timken during the fourth quarter valued at approximately $58,000. Amica Retiree Medical Trust bought a new position in Timken in the third quarter valued at approximately $75,000. Quent Capital LLC grew its stake in Timken by 50.4% in the fourth quarter. Quent Capital LLC now owns 1,018 shares of the industrial products company's stock valued at $82,000 after purchasing an additional 341 shares in the last quarter. Finally, Ramirez Asset Management Inc. bought a new stake in shares of Timken during the 3rd quarter worth approximately $81,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Timken In other news, CEO Richard G. Kyle sold 20,000 shares of Timken stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $89.09, for a total value of $1,781,800.00. Following the transaction, the chief executive officer now owns 366,799 shares in the company, valued at approximately $32,678,122.91. The sale was disclosed in a filing with the SEC, which is available at the SEC website . In related news, CEO Richard G. Kyle sold 20,000 shares of Timken stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $89.09, for a total transaction of $1,781,800.00. Following the sale, the chief executive officer now directly owns 366,799 shares of the company's stock, valued at approximately $32,678,122.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, EVP Christopher A. Coughlin sold 29,006 shares of the company's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $89.30, for a total transaction of $2,590,235.80. Following the transaction, the executive vice president now owns 84,995 shares of the company's stock, valued at $7,590,053.50. The disclosure for this sale can be found here . Insiders sold a total of 59,006 shares of company stock worth $5,269,636 over the last three months. Corporate insiders own 8.70% of the company's stock.
Timken Price Performance Shares of TKR stock traded up $0.40 during trading on Friday, hitting $91.73. The company had a trading volume of 359,069 shares, compared to its average volume of 522,216. The firm has a market capitalization of $6.46 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 1.21 and a beta of 1.51. The Timken Company has a one year low of $65.71 and a one year high of $95.08. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.02 and a current ratio of 1.87. The stock's 50-day moving average price is $86.68 and its 200 day moving average price is $80.49.
Timken (NYSE:TKR - Get Free Report ) last released its earnings results on Tuesday, April 30th. The industrial products company reported $1.77 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.27. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. Timken had a return on equity of 17.98% and a net margin of 7.99%. The company's revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.09 EPS. Equities analysts expect that The Timken Company will post 6.17 EPS for the current fiscal year.
Timken Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.48%. This is a boost from Timken's previous quarterly dividend of $0.33. The ex-dividend date is Monday, May 13th. Timken's dividend payout ratio (DPR) is 25.14%.
Analyst Upgrades and Downgrades TKR has been the subject of several analyst reports. Stifel Nicolaus raised their target price on shares of Timken from $92.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, May 1st. KeyCorp lifted their price target on Timken from $91.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, May 2nd. Loop Capital raised their price objective on Timken from $78.00 to $87.00 and gave the company a "hold" rating in a research report on Wednesday, May 1st. Evercore ISI cut Timken from an "outperform" rating to an "in-line" rating and set a $84.00 price target on the stock. 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 report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Timken currently has a consensus rating of "Hold" and a consensus target price of $87.09.
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About Timken (
Free Report )
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.
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