Schonfeld Strategic Advisors LLC Has $519,000 Stock Holdings in The Timken Company (NYSE:TKR)

Schonfeld Strategic Advisors LLC reduced its position in shares of The Timken Company (NYSE:TKR - Free Report) by 66.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,273 shares of the industrial products company's stock after selling 14,497 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Timken were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in shares of Timken during the fourth quarter worth approximately $29,000. Amundi raised its position in shares of Timken by 25.8% during the 4th quarter. Amundi now owns 848 shares of the industrial products company's stock valued at $61,000 after acquiring an additional 174 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Timken in the 4th quarter valued at $109,000. AlphaQuest LLC boosted its position in shares of Timken by 25,983.3% in the 4th quarter. AlphaQuest LLC now owns 1,565 shares of the industrial products company's stock worth $112,000 after purchasing an additional 1,559 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Timken by 88.3% during the fourth quarter. Blue Trust Inc. now owns 1,877 shares of the industrial products company's stock worth $134,000 after purchasing an additional 880 shares during the period. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Stock Performance

Shares of TKR opened at $68.62 on Friday. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.51 and a beta of 1.30. The Timken Company has a 12 month low of $56.20 and a 12 month high of $93.66. The firm has a fifty day simple moving average of $67.77 and a 200 day simple moving average of $74.00. The company has a current ratio of 3.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69.

Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.03). Timken had a net margin of 7.71% and a return on equity of 13.93%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the business earned $1.77 EPS. Timken's revenue was down 4.2% on a year-over-year basis. Research analysts forecast that The Timken Company will post 5.62 EPS for the current fiscal year.

Timken Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $1.40 dividend on an annualized basis and a yield of 2.04%. This is a boost from Timken's previous quarterly dividend of $0.34. Timken's dividend payout ratio (DPR) is currently 30.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TKR shares. Bank of America upgraded Timken from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $73.00 to $78.00 in a report on Tuesday, February 4th. Citigroup lifted their price objective on shares of Timken from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday. The Goldman Sachs Group lowered their target price on shares of Timken from $85.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Loop Capital decreased their price target on shares of Timken from $85.00 to $65.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $70.00 price objective (down previously from $90.00) on shares of Timken in a research report on Wednesday, April 2nd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $80.20.

About Timken

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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