Cozad Asset Management Inc. Has $2.81 Million Stock Holdings in The Timken Company (NYSE:TKR)

Cozad Asset Management Inc. cut its stake in shares of The Timken Company (NYSE:TKR) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,018 shares of the industrial products company’s stock after selling 2,419 shares during the period. Cozad Asset Management Inc.’s holdings in Timken were worth $2,807,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC acquired a new stake in shares of Timken during the fourth quarter worth $35,000. Anchor Investment Management LLC acquired a new position in Timken during the fourth quarter valued at $58,000. CWM LLC raised its position in Timken by 50.0% during the third quarter. CWM LLC now owns 906 shares of the industrial products company’s stock valued at $67,000 after buying an additional 302 shares during the period. Amica Retiree Medical Trust acquired a new position in Timken during the third quarter valued at $75,000. Finally, Ramirez Asset Management Inc. acquired a new position in Timken during the third quarter valued at $81,000. 89.08% of the stock is owned by institutional investors and hedge funds.

Timken Stock Up 5.3 %

Shares of TKR traded up $4.61 during trading hours on Tuesday, hitting $91.31. 676,799 shares of the company were exchanged, compared to its average volume of 494,829. The company has a market cap of $6.43 billion, a PE ratio of 17.32, a PEG ratio of 1.18 and a beta of 1.54. The firm’s 50 day moving average is $85.43 and its 200-day moving average is $79.59. The Timken Company has a 52 week low of $65.71 and a 52 week high of $95.08. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.96 and a current ratio of 1.79.

Timken (NYSE:TKR) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.15. Timken had a return on equity of 19.57% and a net margin of 8.26%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the firm earned $1.22 EPS. The firm’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts forecast that The Timken Company will post 6.02 EPS for the current fiscal year.

Timken Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Tuesday, February 20th were given a dividend of $0.33 per share. The ex-dividend date was Friday, February 16th. This represents a $1.32 annualized dividend and a dividend yield of 1.45%. Timken’s dividend payout ratio is presently 24.18%.

Wall Street Analysts Forecast Growth

TKR has been the topic of several recent analyst reports. DA Davidson initiated coverage on Timken in a research report on Tuesday, January 23rd. They set a “buy” rating and a $92.00 price target on the stock. The Goldman Sachs Group boosted their target price on Timken from $78.00 to $87.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Oppenheimer restated an “outperform” rating and issued a $100.00 target price (up previously from $97.00) on shares of Timken in a research note on Thursday, March 21st. Morgan Stanley began coverage on Timken in a research note on Monday, January 8th. They issued an “equal weight” rating and a $74.00 target price on the stock. Finally, StockNews.com downgraded Timken from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Timken has a consensus rating of “Hold” and an average target price of $85.90.

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.