Brown Advisory Inc. Sells 4,941 Shares of The Timken Company (NYSE:TKR)

Brown Advisory Inc. reduced its holdings in The Timken Company (NYSE:TKR - Free Report) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 870,144 shares of the industrial products company's stock after selling 4,941 shares during the quarter. Brown Advisory Inc. owned 1.24% of Timken worth $62,102,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in TKR. Barclays PLC boosted its position in Timken by 221.6% during the third quarter. Barclays PLC now owns 86,667 shares of the industrial products company's stock valued at $7,307,000 after buying an additional 59,716 shares during the period. World Investment Advisors LLC bought a new position in Timken in the 3rd quarter worth $409,000. Wilmington Savings Fund Society FSB purchased a new stake in Timken in the third quarter worth about $172,000. Synovus Financial Corp boosted its position in Timken by 5.4% during the 3rd quarter. Synovus Financial Corp now owns 8,286 shares of the industrial products company's stock valued at $698,000 after acquiring an additional 423 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Timken by 0.5% during the 3rd quarter. Franklin Resources Inc. now owns 41,373 shares of the industrial products company's stock worth $3,502,000 after acquiring an additional 222 shares during the period. Hedge funds and other institutional investors own 89.08% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Oppenheimer dropped their price target on Timken from $90.00 to $88.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. The Goldman Sachs Group dropped their target price on shares of Timken from $85.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Citigroup increased their price target on shares of Timken from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday. Loop Capital dropped their price objective on shares of Timken from $85.00 to $65.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Finally, DA Davidson raised their target price on shares of Timken from $66.00 to $71.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $80.20.

Timken Stock Performance

NYSE TKR traded up $0.19 during trading hours on Friday, hitting $68.62. The company's stock had a trading volume of 504,627 shares, compared to its average volume of 560,269. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61. The company has a market cap of $4.80 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 1.51 and a beta of 1.30. The company's 50 day simple moving average is $67.77 and its two-hundred day simple moving average is $74.00. The Timken Company has a 12 month low of $56.20 and a 12 month high of $93.66.

Timken (NYSE:TKR - Get Free Report) last released 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). The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.13 billion. Timken had a net margin of 7.71% and a return on equity of 13.93%. The firm's revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.77 earnings per share. As a group, sell-side analysts expect that The Timken Company will post 5.62 EPS for the current fiscal year.

Timken Increases Dividend

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

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.