Gamco Investors INC. ET AL Has $811,000 Position in The Timken Company (NYSE:TKR)

Gamco Investors INC. ET AL grew its position in shares of The Timken Company (NYSE:TKR) by 7.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,358 shares of the industrial products company’s stock after purchasing an additional 801 shares during the period. Gamco Investors INC. ET AL’s holdings in Timken were worth $811,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MML Investors Services LLC boosted its position in Timken by 3.8% during the 3rd quarter. MML Investors Services LLC now owns 5,790 shares of the industrial products company’s stock worth $488,000 after buying an additional 212 shares during the period. Barclays PLC lifted its holdings in shares of Timken by 221.6% during the third quarter. Barclays PLC now owns 86,667 shares of the industrial products company’s stock worth $7,307,000 after purchasing an additional 59,716 shares during the period. Geode Capital Management LLC grew its stake in shares of Timken by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,073,123 shares of the industrial products company’s stock worth $90,477,000 after purchasing an additional 5,970 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in Timken by 26.3% in the third quarter. Sanctuary Advisors LLC now owns 18,672 shares of the industrial products company’s stock valued at $1,574,000 after purchasing an additional 3,884 shares during the period. Finally, World Investment Advisors LLC bought a new position in Timken during the 3rd quarter worth $409,000. 89.08% of the stock is currently owned by institutional investors.

Insider Activity at Timken

In other news, CFO Philip D. Fracassa sold 5,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $81.50, for a total value of $407,500.00. Following the completion of the sale, the chief financial officer now directly owns 90,541 shares of the company’s stock, valued at $7,379,091.50. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TKR shares. Morgan Stanley decreased their price target on Timken from $94.00 to $88.00 and set an “overweight” rating for the company in a research note on Wednesday. Jefferies Financial Group reissued a “hold” rating and set a $70.00 target price (down previously from $90.00) on shares of Timken in a research report on Wednesday, April 2nd. The Goldman Sachs Group dropped their price target on shares of Timken from $85.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Loop Capital decreased their price objective on shares of Timken from $85.00 to $65.00 and set a “hold” rating for the company in a research report on Thursday. Finally, Citigroup dropped their target price on shares of Timken from $95.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Timken has a consensus rating of “Moderate Buy” and an average price target of $84.91.

Timken Stock Performance

Shares of Timken stock opened at $61.39 on Friday. The business has a 50-day simple moving average of $72.55 and a 200 day simple moving average of $76.04. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.51 and a beta of 1.28. 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 Timken Company has a one year low of $56.20 and a one year high of $94.71.

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

Timken Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Tuesday, February 25th. Timken’s payout ratio is presently 27.25%.

Timken Company 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.