The Timken Company (NYSE:TKR) Shares Bought by First National Advisers LLC

First National Advisers LLC boosted its stake in shares of The Timken Company (NYSE:TKR) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,446 shares of the industrial products company’s stock after buying an additional 1,885 shares during the period. First National Advisers LLC’s holdings in Timken were worth $3,101,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Victory Capital Management Inc. lifted its stake in Timken by 418.4% during the 4th quarter. Victory Capital Management Inc. now owns 882,156 shares of the industrial products company’s stock worth $62,959,000 after acquiring an additional 711,979 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Timken by 34.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,700,979 shares of the industrial products company’s stock valued at $143,376,000 after acquiring an additional 434,800 shares during the last quarter. Royce & Associates LP boosted its position in shares of Timken by 108.9% in the 4th quarter. Royce & Associates LP now owns 397,895 shares of the industrial products company’s stock valued at $28,398,000 after purchasing an additional 207,439 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Timken in the 4th quarter valued at about $14,460,000. Finally, Verition Fund Management LLC lifted its position in Timken by 3,179.1% during the 3rd quarter. Verition Fund Management LLC now owns 193,858 shares of the industrial products company’s stock worth $16,340,000 after acquiring an additional 187,946 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Stock Up 2.7 %

TKR stock opened at $74.58 on Friday. The Timken Company has a twelve month low of $69.35 and a twelve month high of $94.71. The company has a market cap of $5.22 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.51 and a beta of 1.37. The business’s 50-day simple moving average is $78.09 and its 200 day simple moving average is $78.73. 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 posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts anticipate that The Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Tuesday, February 25th. Timken’s dividend payout ratio is presently 27.25%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Jefferies Financial Group raised Timken from a “hold” rating to a “buy” rating and raised their price target for the company from $80.00 to $95.00 in a report on Friday, December 6th. KeyCorp reiterated a “sector weight” rating on shares of Timken in a research note on Friday, November 22nd. Morgan Stanley boosted their price target on Timken from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Bank of America raised Timken from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $73.00 to $78.00 in a research report on Tuesday, February 4th. Finally, Evercore ISI upped their target price on Timken from $91.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.70.

Insider Activity

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

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.