The Timken Company (NYSE:TKR) Shares Acquired by F M Investments LLC

F M Investments LLC increased its position in The Timken Company (NYSE:TKR) by 24.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,961 shares of the industrial products company’s stock after purchasing an additional 3,502 shares during the quarter. F M Investments LLC’s holdings in Timken were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TKR. Fairway Wealth LLC acquired a new stake in shares of Timken during the fourth quarter valued at about $29,000. Amundi grew its stake in Timken by 25.8% during the 4th quarter. Amundi now owns 848 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 174 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Timken in the 4th quarter valued at approximately $109,000. AlphaQuest LLC boosted its stake in shares of Timken by 25,983.3% during the 4th quarter. AlphaQuest LLC now owns 1,565 shares of the industrial products company’s stock valued at $112,000 after buying an additional 1,559 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Timken by 88.3% during the 4th quarter. Blue Trust Inc. now owns 1,877 shares of the industrial products company’s stock valued at $134,000 after buying an additional 880 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Trading Up 2.1 %

Shares of NYSE TKR opened at $61.50 on Friday. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. The stock’s 50 day simple moving average is $74.57 and its 200 day simple moving average is $76.78. The company has a current ratio of 3.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69. The Timken Company has a 12-month low of $56.20 and a 12-month high of $94.71.

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

Timken Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 25th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.21%. The ex-dividend date was Tuesday, February 25th. Timken’s dividend payout ratio (DPR) is 27.25%.

Insider Buying and Selling at Timken

In related news, CFO Philip D. Fracassa sold 5,000 shares of the 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 completion of the transaction, the chief financial officer now directly owns 90,541 shares of the company’s stock, valued at $7,379,091.50. This represents a 5.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 8.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Citigroup cut their price target on shares of Timken from $95.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday. Evercore ISI boosted their target price on shares of Timken from $91.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Bank of America raised shares of Timken from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $73.00 to $78.00 in a research report on Tuesday, February 4th. Jefferies Financial Group reissued a “hold” rating and issued a $70.00 price objective (down from $90.00) on shares of Timken in a report on Wednesday, April 2nd. Finally, The Goldman Sachs Group reduced their target price on Timken from $85.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $87.45.

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.