The Timken Company (NYSE:TKR) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP grew its position in The Timken Company (NYSE:TKR) by 114.2% during the fourth quarter, Holdings Channel reports. The firm owned 29,567 shares of the industrial products company’s stock after acquiring an additional 15,763 shares during the period. Quantbot Technologies LP’s holdings in Timken were worth $2,110,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Semanteon Capital Management LP acquired a new position in shares of Timken in the fourth quarter valued at about $1,441,000. Royal London Asset Management Ltd. increased its holdings in shares of Timken by 34.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 485,318 shares of the industrial products company’s stock valued at $34,637,000 after purchasing an additional 125,522 shares during the period. Xponance Inc. increased its holdings in shares of Timken by 5.9% in the fourth quarter. Xponance Inc. now owns 7,309 shares of the industrial products company’s stock valued at $522,000 after purchasing an additional 405 shares during the period. First National Advisers LLC increased its holdings in shares of Timken by 4.5% in the fourth quarter. First National Advisers LLC now owns 43,446 shares of the industrial products company’s stock valued at $3,101,000 after purchasing an additional 1,885 shares during the period. Finally, Royce & Associates LP increased its holdings in shares of Timken by 108.9% in the fourth 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. 89.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Philip D. Fracassa sold 5,000 shares of the firm’s 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 transaction, the chief financial officer now owns 90,541 shares in the company, valued at $7,379,091.50. This trade represents a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 8.70% of the company’s stock.

Timken Stock Performance

Shares of TKR stock opened at $74.35 on Monday. The company has a market capitalization of $5.20 billion, a P/E ratio of 14.90, a P/E/G ratio of 1.51 and a beta of 1.37. The business’s 50 day moving average is $78.21 and its two-hundred day moving average is $78.43. The Timken Company has a 12-month low of $69.35 and a 12-month high of $94.71. The company has a current ratio of 3.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69.

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

Timken Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 25th were given a $0.34 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.36 annualized dividend and a dividend yield of 1.83%. Timken’s dividend payout ratio (DPR) is presently 27.25%.

Analysts Set New Price Targets

A number of analysts have recently commented on TKR shares. Citigroup lowered their target price on Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Jefferies Financial Group upgraded Timken from a “hold” rating to a “buy” rating and upped their target price for the stock from $80.00 to $95.00 in a research note on Friday, December 6th. Bank of America upgraded Timken from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $73.00 to $78.00 in a research note on Tuesday, February 4th. Morgan Stanley upped their target price on Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. 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 note on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.