Stevens Capital Management LP cut its holdings in shares of Timken Company (The) (NYSE:TKR) by 74.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,537 shares of the industrial products company’s stock after selling 16,463 shares during the quarter. Stevens Capital Management LP’s holdings in Timken Company (The) were worth $269,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. lifted its holdings in Timken Company (The) by 144.9% during the 2nd quarter. Prudential Financial Inc. now owns 566,928 shares of the industrial products company’s stock worth $26,220,000 after buying an additional 335,460 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Timken Company (The) in the 2nd quarter valued at $1,205,000. Clinton Group Inc. acquired a new stake in shares of Timken Company (The) in the 2nd quarter valued at $361,000. Keybank National Association OH raised its holdings in shares of Timken Company (The) by 6.2% in the 2nd quarter. Keybank National Association OH now owns 272,211 shares of the industrial products company’s stock valued at $12,590,000 after purchasing an additional 15,920 shares in the last quarter. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Timken Company (The) in the 3rd quarter valued at $382,000. Institutional investors own 79.01% of the company’s stock.
Timken Company (TKR) opened at $46.55 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.59 and a quick ratio of 1.38. The company has a market cap of $3,570.39, a price-to-earnings ratio of 19.09, a P/E/G ratio of 1.52 and a beta of 1.46. Timken Company has a 52-week low of $38.52 and a 52-week high of $53.10.
Timken Company (The) (NYSE:TKR) last posted its earnings results on Wednesday, October 25th. The industrial products company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. The firm had revenue of $771.40 million for the quarter, compared to the consensus estimate of $758.91 million. Timken Company (The) had a net margin of 6.88% and a return on equity of 13.75%. The company’s revenue was up 17.3% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. research analysts predict that Timken Company will post 2.62 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Thursday, November 16th. Timken Company (The)’s dividend payout ratio (DPR) is 43.03%.
A number of equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of Timken Company (The) from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Zacks Investment Research upgraded shares of Timken Company (The) from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Thursday, September 28th. Goldman Sachs Group, Inc. (The) lowered shares of Timken Company (The) from a “conviction-buy” rating to a “buy” rating and reduced their price objective for the company from $55.00 to $51.00 in a report on Monday, August 7th. Jefferies Group LLC restated a “hold” rating and issued a $50.00 price objective on shares of Timken Company (The) in a report on Thursday, October 26th. Finally, ValuEngine upgraded shares of Timken Company (The) from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $52.00.
Timken Company (The) 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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