Timken Company (The) (TKR) Stake Increased by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. raised its position in Timken Company (The) (NYSE:TKR) by 0.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 55,066 shares of the industrial products company’s stock after acquiring an additional 487 shares during the period. Ameritas Investment Partners Inc. owned approximately 0.07% of Timken Company (The) worth $2,546,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TKR. BlackRock Inc. lifted its stake in shares of Timken Company (The) by 5,786.0% in the 1st quarter. BlackRock Inc. now owns 5,674,424 shares of the industrial products company’s stock worth $256,485,000 after acquiring an additional 5,578,018 shares during the period. Vanguard Group Inc. lifted its stake in shares of Timken Company (The) by 15.0% in the 2nd quarter. Vanguard Group Inc. now owns 7,048,216 shares of the industrial products company’s stock worth $325,981,000 after acquiring an additional 917,902 shares during the period. AJO LP acquired a new stake in shares of Timken Company (The) in the 2nd quarter worth $38,485,000. Canada Pension Plan Investment Board lifted its stake in shares of Timken Company (The) by 506.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 531,500 shares of the industrial products company’s stock worth $24,582,000 after acquiring an additional 443,900 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Timken Company (The) in the 2nd quarter worth $17,219,000. Institutional investors own 79.62% of the company’s stock.

Shares of Timken Company (NYSE:TKR) traded up 0.653% during trading on Thursday, hitting $50.075. 111,936 shares of the stock were exchanged. Timken Company has a 12-month low of $31.60 and a 12-month high of $51.75. The stock has a market cap of $3.90 billion, a P/E ratio of 24.851 and a beta of 1.41. The stock has a 50-day moving average of $46.88 and a 200 day moving average of $46.14.

Timken Company (The) (NYSE:TKR) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. The business had revenue of $750.60 million during the quarter, compared to the consensus estimate of $716.50 million. Timken Company (The) had a net margin of 5.98% and a return on equity of 12.73%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. Equities analysts predict that Timken Company will post $2.57 earnings per share for the current fiscal year.

TKR has been the subject of several recent analyst reports. ValuEngine cut shares of Timken Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $45.00 price target on shares of Timken Company (The) in a report on Friday, July 14th. Zacks Investment Research upgraded shares of Timken Company (The) from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, July 26th. BidaskClub downgraded shares of Timken Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $53.00 price target on shares of Timken Company (The) in a report on Friday, June 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Timken Company (The) has an average rating of “Hold” and an average target price of $46.67.

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

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