Css LLC Il Takes Position in The Timken Company (NYSE:TKR)

Css LLC Il acquired a new position in The Timken Company (NYSE:TKR) during the 4th quarter, HoldingsChannel reports. The fund acquired 2,920 shares of the industrial products company’s stock, valued at approximately $208,000.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Timken by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 6,465,760 shares of the industrial products company’s stock worth $461,461,000 after buying an additional 26,973 shares during the period. American Century Companies Inc. raised its position in shares of Timken by 11.3% during the fourth quarter. American Century Companies Inc. now owns 3,158,690 shares of the industrial products company’s stock worth $225,436,000 after acquiring an additional 320,354 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Timken by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,233,493 shares of the industrial products company’s stock worth $159,403,000 after acquiring an additional 124,676 shares during the period. Earnest Partners LLC boosted its holdings in Timken by 0.3% in the fourth quarter. Earnest Partners LLC now owns 1,295,126 shares of the industrial products company’s stock valued at $92,433,000 after acquiring an additional 3,594 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its position in Timken by 5.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,285,013 shares of the industrial products company’s stock valued at $91,711,000 after purchasing an additional 63,485 shares during the period. Institutional investors own 89.08% of the company’s stock.

Timken Price Performance

Shares of NYSE TKR opened at $69.23 on Friday. The firm has a market capitalization of $4.84 billion, a P/E ratio of 13.87, a P/E/G ratio of 1.51 and a beta of 1.30. The firm’s 50-day moving average price is $67.26 and its 200-day moving average price is $73.32. The company has a current ratio of 3.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69. The Timken Company has a 1-year low of $56.20 and a 1-year high of $90.94.

Timken (NYSE:TKR) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.03). The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Timken had a return on equity of 13.93% and a net margin of 7.71%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the company posted $1.77 earnings per share. Equities research analysts anticipate that The Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.02%. This is a positive change from Timken’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, May 13th. Timken’s dividend payout ratio is presently 30.17%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Citigroup raised their price target on shares of Timken from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Oppenheimer dropped their target price on shares of Timken from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Jefferies Financial Group reaffirmed a “hold” rating and set a $70.00 price target (down previously from $90.00) on shares of Timken in a research report on Wednesday, April 2nd. Loop Capital lowered their price objective on Timken from $85.00 to $65.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Finally, DA Davidson upped their target price on Timken from $66.00 to $71.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $78.50.

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.