BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $10.33 Million Stock Holdings in The Timken Company (NYSE:TKR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of The Timken Company (NYSE:TKR) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,557 shares of the industrial products company’s stock after purchasing an additional 580 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Timken were worth $10,330,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TKR. Vanguard Group Inc. increased its position in Timken by 5.6% during the first quarter. Vanguard Group Inc. now owns 6,515,972 shares of the industrial products company’s stock worth $569,691,000 after buying an additional 347,794 shares during the last quarter. BOKF NA increased its holdings in shares of Timken by 2.3% during the 1st quarter. BOKF NA now owns 12,369 shares of the industrial products company’s stock valued at $1,087,000 after acquiring an additional 275 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Timken by 1.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,317 shares of the industrial products company’s stock valued at $7,810,000 after acquiring an additional 1,667 shares in the last quarter. Kodai Capital Management LP acquired a new stake in Timken in the 1st quarter worth approximately $9,130,000. Finally, Interval Partners LP bought a new stake in Timken during the first quarter worth approximately $22,907,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Trading Up 1.0 %

Shares of Timken stock opened at $75.96 on Friday. The company’s fifty day moving average price is $81.45 and its two-hundred day moving average price is $82.85. The firm has a market capitalization of $5.33 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.12 and a beta of 1.43. The Timken Company has a 52-week low of $71.57 and a 52-week high of $94.71. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.00 and a quick ratio of 1.62.

Timken (NYSE:TKR) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.15). Timken had a return on equity of 14.82% and a net margin of 7.41%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the business earned $1.55 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts expect that The Timken Company will post 5.61 EPS for the current year.

Timken Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Tuesday, November 19th. Timken’s dividend payout ratio (DPR) is 28.27%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. DA Davidson decreased their price objective on shares of Timken from $103.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Oppenheimer dropped their price objective on Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Evercore ISI raised Timken from an “in-line” rating to an “outperform” rating and raised their target price for the company from $87.00 to $91.00 in a report on Wednesday, November 13th. KeyCorp reiterated a “sector weight” rating on shares of Timken in a report on Friday. Finally, Citigroup initiated coverage on shares of Timken in a research note on Monday, October 14th. They issued a “neutral” rating and a $90.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and four have issued 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 $90.00.

Insiders Place Their Bets

In related news, Director Richard G. Kyle sold 30,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $76.59, for a total transaction of $2,297,700.00. Following the completion of the sale, the director now owns 194,485 shares in the company, valued at $14,895,606.15. This trade represents a 13.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 8.70% of the company’s stock.

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.