The Timken Company (NYSE:TKR) Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its position in The Timken Company (NYSE:TKR) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 184,387 shares of the industrial products company’s stock after purchasing an additional 7,744 shares during the quarter. Retirement Systems of Alabama owned approximately 0.26% of Timken worth $13,160,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning grew its position in shares of Timken by 1.7% during the second quarter. Creative Planning now owns 9,123 shares of the industrial products company’s stock worth $731,000 after acquiring an additional 150 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Timken during the 2nd quarter worth $1,257,000. SG Americas Securities LLC raised its holdings in shares of Timken by 198.7% in the third quarter. SG Americas Securities LLC now owns 8,685 shares of the industrial products company’s stock valued at $732,000 after buying an additional 5,777 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Timken by 64.1% during the third quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock worth $36,000 after buying an additional 168 shares during the period. Finally, Fiduciary Financial Group LLC grew its holdings in shares of Timken by 8.9% during the third quarter. Fiduciary Financial Group LLC now owns 4,098 shares of the industrial products company’s stock worth $333,000 after buying an additional 335 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Stock Up 0.8 %

Timken stock opened at $81.89 on Friday. The Timken Company has a fifty-two week low of $69.35 and a fifty-two week high of $94.71. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 1.04 and a beta of 1.39. The stock’s fifty day moving average is $75.48 and its two-hundred day moving average is $79.40. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.62 and a current ratio of 3.00.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. Timken had a net margin of 7.41% and a return on equity of 14.82%. Analysts predict that The Timken Company will post 5.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Morgan Stanley raised Timken from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $82.00 to $93.00 in a research note on Tuesday, December 17th. Evercore ISI raised Timken from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $87.00 to $91.00 in a report on Wednesday, November 13th. Citigroup lowered their price objective on shares of Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Jefferies Financial Group upgraded shares of Timken from a “hold” rating to a “buy” rating and upped their price objective for the stock from $80.00 to $95.00 in a research report on Friday, December 6th. Finally, Oppenheimer lowered their target price on shares of Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.50.

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.