Uniplan Investment Counsel Inc. Takes Position in Timken Company (The) (TKR)

Uniplan Investment Counsel Inc. purchased a new position in shares of Timken Company (The) (NYSE:TKR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 278,023 shares of the industrial products company’s stock, valued at approximately $12,859,000. Uniplan Investment Counsel Inc. owned approximately 0.36% of Timken Company (The) as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the company. World Asset Management Inc lifted its position in shares of Timken Company (The) by 0.3% during the first quarter. World Asset Management Inc now owns 5,194 shares of the industrial products company’s stock worth $235,000 after purchasing an additional 18 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Timken Company (The) by 0.5% during the second quarter. Teacher Retirement System of Texas now owns 5,618 shares of the industrial products company’s stock worth $260,000 after purchasing an additional 26 shares in the last quarter. Honkamp Krueger Financial Services Inc. lifted its position in shares of Timken Company (The) by 0.6% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 6,510 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 41 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Timken Company (The) by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,244 shares of the industrial products company’s stock worth $474,000 after purchasing an additional 47 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its stake in shares of Timken Company (The) by 0.4% during the first quarter. OppenheimerFunds Inc. now owns 14,570 shares of the industrial products company’s stock worth $659,000 after buying an additional 64 shares during the period. 79.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of Timken Company (NYSE:TKR) traded up 1.66% during trading on Tuesday, reaching $45.80. 14,437 shares of the company’s stock traded hands. The stock has a market capitalization of $3.57 billion, a PE ratio of 22.73 and a beta of 1.37. Timken Company has a 1-year low of $31.60 and a 1-year high of $51.75. The company has a 50 day moving average price of $44.67 and a 200 day moving average price of $45.54.

Timken Company (The) (NYSE:TKR) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. Timken Company (The) had a return on equity of 12.73% and a net margin of 5.98%. The company had revenue of $750.60 million for the quarter, compared to analyst estimates of $716.50 million. During the same period in the prior year, the company posted $0.55 EPS. Timken Company (The)’s quarterly revenue was up 11.4% on a year-over-year basis. On average, equities analysts forecast that Timken Company will post $2.57 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 22nd were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Friday, August 18th. Timken Company (The)’s payout ratio is 51.67%.

A number of research firms recently weighed in on TKR. BidaskClub lowered shares of Timken Company (The) from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded shares of Timken Company (The) from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Wednesday, July 26th. Jefferies Group LLC restated a “hold” rating and set a $45.00 target price on shares of Timken Company (The) in a research note on Friday, July 14th. Stifel Nicolaus restated a “hold” rating and set a $53.00 target price on shares of Timken Company (The) in a research note on Friday, June 30th. Finally, ValuEngine upgraded shares of Timken Company (The) from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $46.83.

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About Timken Company (The)

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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Institutional Ownership by Quarter for Timken Company (The) (NYSE:TKR)

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