Kohmann Bosshard Financial Services LLC Acquires Shares of 1,528 The Timken Company (NYSE:TKR)

Kohmann Bosshard Financial Services LLC bought a new position in shares of The Timken Company (NYSE:TKR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,528 shares of the industrial products company’s stock, valued at approximately $109,000.

Several other hedge funds also recently made changes to their positions in TKR. Vestcor Inc bought a new position in Timken during the third quarter worth $560,000. TT International Asset Management LTD lifted its position in shares of Timken by 1,075.2% in the 3rd quarter. TT International Asset Management LTD now owns 39,274 shares of the industrial products company’s stock worth $3,310,000 after buying an additional 35,932 shares during the last quarter. Barclays PLC lifted its position in shares of Timken by 221.6% in the 3rd quarter. Barclays PLC now owns 86,667 shares of the industrial products company’s stock worth $7,307,000 after buying an additional 59,716 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Timken in the 3rd quarter valued at about $2,863,000. Finally, Harbor Capital Advisors Inc. grew its position in shares of Timken by 29.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 60,625 shares of the industrial products company’s stock valued at $4,327,000 after buying an additional 13,697 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Price Performance

Shares of NYSE TKR opened at $81.06 on Monday. The stock has a market cap of $5.67 billion, a P/E ratio of 16.25, a P/E/G ratio of 1.51 and a beta of 1.39. The firm’s 50-day simple moving average is $77.33 and its 200 day simple moving average is $79.28. The Timken Company has a fifty-two week low of $69.35 and a fifty-two week high of $94.71. The company has a quick ratio of 1.61, a current ratio of 3.07 and a debt-to-equity ratio of 0.69.

Timken (NYSE:TKR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. Equities analysts expect that The Timken Company will post 5.62 EPS for the current year.

Timken Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Tuesday, February 25th will be given a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.36 dividend on an annualized basis and a yield of 1.68%. Timken’s dividend payout ratio (DPR) is 27.25%.

Insider Buying and Selling at Timken

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $81.50, for a total value of $407,500.00. Following the sale, the chief financial officer now directly owns 90,541 shares in the company, valued at approximately $7,379,091.50. The trade was a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on TKR shares. Morgan Stanley lifted their target price on Timken from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Bank of America upgraded Timken from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $73.00 to $78.00 in a research report on Tuesday, February 4th. DA Davidson dropped their target price on Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Oppenheimer cut their target price on Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, KeyCorp restated a “sector weight” rating on shares of Timken in a research report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Timken has a consensus rating of “Moderate Buy” and a consensus price target of $92.70.

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.