EMC Capital Management Has $250,000 Stock Position in The Timken Company (NYSE:TKR)

EMC Capital Management reduced its holdings in The Timken Company (NYSE:TKRFree Report) by 74.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,505 shares of the industrial products company’s stock after selling 10,193 shares during the period. EMC Capital Management’s holdings in Timken were worth $250,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. M&T Bank Corp grew its position in Timken by 0.6% during the third quarter. M&T Bank Corp now owns 24,482 shares of the industrial products company’s stock worth $2,064,000 after buying an additional 144 shares in the last quarter. Creative Planning grew its holdings in shares of Timken by 1.7% during the 2nd quarter. Creative Planning now owns 9,123 shares of the industrial products company’s stock worth $731,000 after purchasing an additional 150 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its position in shares of Timken by 1.0% during the third quarter. Beese Fulmer Investment Management Inc. now owns 15,208 shares of the industrial products company’s stock valued at $1,282,000 after purchasing an additional 155 shares during the period. Blue Trust Inc. raised its stake in shares of Timken by 20.0% in the third quarter. Blue Trust Inc. now owns 997 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 166 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Timken by 64.1% in the third quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 168 shares during the period. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Price Performance

Timken stock opened at $80.14 on Friday. The Timken Company has a 52 week low of $69.35 and a 52 week high of $94.71. The firm has a market cap of $5.62 billion, a P/E ratio of 16.66, a P/E/G ratio of 1.01 and a beta of 1.39. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.62 and a current ratio of 3.00. The business’s fifty day moving average is $75.07 and its two-hundred day moving average is $79.61.

Timken (NYSE:TKRGet Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.15). The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. Timken had a return on equity of 14.82% and a net margin of 7.41%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company earned $1.55 EPS. Equities research analysts forecast that The Timken Company will post 5.61 earnings per share for the current fiscal year.

Timken Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Tuesday, November 19th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Tuesday, November 19th. Timken’s dividend payout ratio is currently 28.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TKR shares. KeyCorp restated a “sector weight” rating on shares of Timken in a research note on Friday, November 22nd. Evercore ISI raised shares of Timken from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $87.00 to $91.00 in a research report on Wednesday, November 13th. Citigroup lowered their price objective on Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. DA Davidson cut their target price on Timken from $103.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group upgraded Timken from a “hold” rating to a “buy” rating and upped their price target for the company from $80.00 to $95.00 in a research report on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.40.

Check Out Our Latest Report on Timken

Insider Buying and Selling

In other news, Director Richard G. Kyle sold 30,000 shares of Timken stock in a transaction on Friday, November 8th. The stock was sold at an average price of $76.59, for a total value of $2,297,700.00. Following the completion of the sale, the director now directly owns 194,485 shares of the company’s stock, valued at approximately $14,895,606.15. This trade represents a 13.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

Timken Profile

(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.

See Also

Institutional Ownership by Quarter for Timken (NYSE:TKR)

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