Timken Company (The) (TKR) Shares Sold by Stevens Capital Management LP

Stevens Capital Management LP lessened its stake in Timken Company (The) (NYSE:TKR) by 74.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 were worth $269,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Teachers Advisors LLC lifted its stake in Timken by 9.0% in the first quarter. Teachers Advisors LLC now owns 209,964 shares of the industrial products company’s stock valued at $9,490,000 after acquiring an additional 17,346 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of Timken by 2.4% in the second quarter. Capstone Asset Management Co. now owns 5,605 shares of the industrial products company’s stock valued at $259,000 after purchasing an additional 130 shares during the period. Bank of Montreal Can raised its position in shares of Timken by 6.8% in the second quarter. Bank of Montreal Can now owns 4,785 shares of the industrial products company’s stock valued at $221,000 after purchasing an additional 303 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Timken by 4.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 25,950 shares of the industrial products company’s stock valued at $1,200,000 after purchasing an additional 1,068 shares during the period. Finally, LS Investment Advisors LLC raised its position in shares of Timken by 17.2% in the second quarter. LS Investment Advisors LLC now owns 5,601 shares of the industrial products company’s stock valued at $259,000 after purchasing an additional 820 shares during the period. Institutional investors and hedge funds own 79.30% of the company’s stock.

A number of equities analysts recently commented on TKR shares. BidaskClub lowered shares of Timken from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. ValuEngine lowered shares of Timken from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group reaffirmed a “hold” rating and set a $50.00 price target on shares of Timken in a research report on Thursday, October 26th. Finally, Zacks Investment Research raised shares of Timken from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $52.00.

Timken Company (NYSE:TKR) traded down $0.05 on Wednesday, hitting $48.80. 469,395 shares of the stock were exchanged, compared to its average volume of 783,258. Timken Company has a one year low of $38.90 and a one year high of $53.10. The company has a current ratio of 2.59, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. The firm has a market cap of $3,884.74, a P/E ratio of 20.77, a P/E/G ratio of 1.65 and a beta of 1.49.

Timken (NYSE:TKR) last posted its earnings results on Wednesday, October 25th. The industrial products company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.68 by $0.03. Timken had a net margin of 6.88% and a return on equity of 13.75%. The business had revenue of $771.40 million for the quarter, compared to the consensus estimate of $758.91 million. During the same period last year, the company earned $0.53 EPS. The firm’s revenue was up 17.3% compared to the same quarter last year. equities analysts predict that Timken Company will post 2.62 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were given a dividend of $0.27 per share. The ex-dividend date was Thursday, November 16th. This represents a $1.08 annualized dividend and a yield of 2.21%. Timken’s dividend payout ratio is presently 43.03%.

In other Timken news, insider Richard G. Kyle sold 9,242 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $49.75, for a total transaction of $459,789.50. Following the completion of the transaction, the insider now owns 89,236 shares in the company, valued at approximately $4,439,491. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.08% of the stock is currently owned by company insiders.

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Timken 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.

Institutional Ownership by Quarter for Timken (NYSE:TKR)

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