Ifrah Financial Services Inc. Sells 248 Shares of The Timken Company (NYSE:TKR)

Ifrah Financial Services Inc. lowered its holdings in shares of The Timken Company (NYSE:TKR) by 3.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,791 shares of the industrial products company’s stock after selling 248 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Timken were worth $556,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TKR. Vestcor Inc purchased a new stake in shares of Timken in the 3rd quarter worth about $560,000. TT International Asset Management LTD lifted its position in Timken by 1,075.2% during the 3rd quarter. TT International Asset Management LTD now owns 39,274 shares of the industrial products company’s stock valued at $3,310,000 after acquiring an additional 35,932 shares during the period. Barclays PLC lifted its position in Timken by 221.6% during the 3rd quarter. Barclays PLC now owns 86,667 shares of the industrial products company’s stock valued at $7,307,000 after acquiring an additional 59,716 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Timken during the 3rd quarter valued at about $2,863,000. Finally, Harbor Capital Advisors Inc. increased its stake in Timken by 29.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 60,625 shares of the industrial products company’s stock valued at $4,327,000 after purchasing an additional 13,697 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

Wall Street Analyst Weigh In

TKR has been the subject of a number of analyst reports. Evercore ISI upgraded shares of Timken from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $87.00 to $91.00 in a research note on Wednesday, November 13th. Citigroup reduced their price target on shares of Timken from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. KeyCorp reiterated a “sector weight” rating on shares of Timken in a research note on Friday, November 22nd. Jefferies Financial Group upgraded shares of Timken from a “hold” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $95.00 in a research note on Friday, December 6th. Finally, Oppenheimer cut their target price on shares of Timken from $102.00 to $97.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Timken has an average rating of “Moderate Buy” and an average price target of $91.60.

Timken Price Performance

Shares of NYSE:TKR opened at $83.09 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.62. The Timken Company has a 1-year low of $69.35 and a 1-year high of $94.71. The company has a market capitalization of $5.83 billion, a P/E ratio of 16.65, a P/E/G ratio of 1.21 and a beta of 1.39. The firm’s 50 day simple moving average is $76.01 and its two-hundred day simple moving average is $79.27.

Timken (NYSE:TKR) last issued its quarterly 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 net margin of 7.71% and a return on equity of 13.93%. Research analysts expect that The Timken Company will post 5.6 EPS for the current fiscal year.

Timken Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Tuesday, February 25th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.64%. Timken’s dividend payout ratio (DPR) is presently 27.25%.

Insider Transactions at Timken

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 transaction of $407,500.00. Following the sale, the chief financial officer now owns 90,541 shares of the company’s stock, valued at $7,379,091.50. This represents a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.70% of the company’s stock.

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.