Integrated Investment Consultants LLC held its position in Timken Co (NYSE:TKR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,882 shares of the industrial products company’s stock at the end of the first quarter. Integrated Investment Consultants LLC’s holdings in Timken were worth $175,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tyers Asset Management LLC bought a new position in Timken during the fourth quarter valued at $130,000. Flinton Capital Management LLC acquired a new position in shares of Timken during the fourth quarter worth approximately $158,000. LS Investment Advisors LLC boosted its position in shares of Timken by 8.8% in the third quarter. LS Investment Advisors LLC now owns 4,593 shares of the industrial products company’s stock worth $161,000 after buying an additional 371 shares during the last quarter. Acrospire Investment Management LLC boosted its position in shares of Timken by 118.7% in the third quarter. Acrospire Investment Management LLC now owns 5,527 shares of the industrial products company’s stock worth $194,000 after buying an additional 3,000 shares during the last quarter. Finally, M&T Bank Corp acquired a new position in shares of Timken during the third quarter worth approximately $206,000. Institutional investors own 75.87% of the company’s stock.
Timken Co (NYSE:TKR) opened at 44.45 on Friday. The company has a market cap of $3.45 billion, a PE ratio of 23.15 and a beta of 1.39. The stock has a 50 day moving average of $44.17 and a 200 day moving average of $40.88. Timken Co has a one year low of $28.72 and a one year high of $46.45.
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A number of research analysts have commented on the stock. Jefferies Group LLC increased their price target on shares of Timken to $45.00 in a research report on Monday, February 13th. TheStreet upgraded shares of Timken from a “c” rating to a “b-” rating in a research report on Thursday, February 9th. Goldman Sachs Group Inc upgraded shares of Timken from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Friday, January 27th. Finally, Zacks Investment Research upgraded shares of Timken from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Friday, January 20th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $42.25.
In other Timken news, insider Shelly Marie Chadwick sold 2,322 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $44.75, for a total value of $103,909.50. Following the completion of the sale, the insider now directly owns 3,438 shares in the company, valued at approximately $153,850.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William R. Burkhart sold 29,542 shares of the company’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $45.49, for a total value of $1,343,865.58. Following the completion of the sale, the executive vice president now owns 43,277 shares of the company’s stock, valued at $1,968,670.73. The disclosure for this sale can be found here. Insiders sold a total of 84,159 shares of company stock valued at $3,804,623 over the last quarter. Company insiders own 10.30% of the company’s stock.
Timken Company Profile
The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain, couplings and related products and offers a spectrum of power system rebuild and repair services across the world. The Company operates through two segments: Mobile Industries and Process Industries.
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