Dana Investment Advisors Inc. lowered its stake in Timken Co (NYSE:TKR) by 3.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,656 shares of the industrial products company’s stock after selling 1,447 shares during the period. Dana Investment Advisors Inc. owned 0.06% of Timken worth $1,667,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of TKR. Bank of New York Mellon Corp grew its stake in shares of Timken by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 999,145 shares of the industrial products company’s stock worth $43,512,000 after acquiring an additional 12,134 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Timken by 201.7% during the third quarter. Russell Investments Group Ltd. now owns 26,845 shares of the industrial products company’s stock worth $1,339,000 after buying an additional 17,948 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Timken by 8.7% during the third quarter. Wells Fargo & Company MN now owns 1,187,256 shares of the industrial products company’s stock worth $59,185,000 after buying an additional 95,069 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Timken by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 215,915 shares of the industrial products company’s stock worth $10,763,000 after buying an additional 12,231 shares in the last quarter. Finally, Commonwealth Bank of Australia acquired a new stake in Timken during the third quarter worth $568,000. Institutional investors own 77.22% of the company’s stock.
A number of equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Timken from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Zacks Investment Research downgraded shares of Timken from a “buy” rating to a “hold” rating in a research note on Thursday, November 22nd. Finally, Bank of America upgraded shares of Timken from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $45.00 to $50.00 in a research note on Monday, December 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $52.43.
Shares of NYSE TKR opened at $43.29 on Friday. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 0.80 and a beta of 1.76. Timken Co has a 52-week low of $33.98 and a 52-week high of $52.45. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.53 and a quick ratio of 1.31.
Timken (NYSE:TKR) last issued its quarterly earnings data on Thursday, February 7th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.01). The company had revenue of $910.10 million for the quarter, compared to the consensus estimate of $924.65 million. Timken had a net margin of 8.46% and a return on equity of 20.54%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 earnings per share. As a group, sell-side analysts predict that Timken Co will post 4.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Wednesday, February 20th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, February 19th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.59%. Timken’s payout ratio is presently 26.79%.
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The Timken Company engineers, manufactures, and markets bearings, transmissions, gearboxes, belts, chains, lubrication systems, couplings, industrial clutches and brakes, and related products worldwide. It operates through two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, lubrication devices, and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches and brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.
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