First National Advisers LLC Has $3.10 Million Position in The Timken Company (NYSE:TKR)

First National Advisers LLC grew its position in The Timken Company (NYSE:TKR) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,446 shares of the industrial products company’s stock after purchasing an additional 1,885 shares during the period. First National Advisers LLC owned about 0.06% of Timken worth $3,101,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TKR. Thrivent Financial for Lutherans grew its position in Timken by 4.2% in the third quarter. Thrivent Financial for Lutherans now owns 2,679,790 shares of the industrial products company’s stock valued at $225,880,000 after purchasing an additional 107,350 shares in the last quarter. State Street Corp lifted its stake in shares of Timken by 3.5% during the 3rd quarter. State Street Corp now owns 1,953,838 shares of the industrial products company’s stock worth $164,689,000 after buying an additional 66,208 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Timken by 34.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,700,979 shares of the industrial products company’s stock worth $143,376,000 after purchasing an additional 434,800 shares in the last quarter. Geode Capital Management LLC raised its stake in Timken by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,073,123 shares of the industrial products company’s stock worth $90,477,000 after purchasing an additional 5,970 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Timken by 418.4% in the 4th quarter. Victory Capital Management Inc. now owns 882,156 shares of the industrial products company’s stock worth $62,959,000 after purchasing an additional 711,979 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Stock Performance

Shares of Timken stock opened at $74.58 on Friday. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.51 and a beta of 1.37. The firm’s 50-day moving average is $78.09 and its 200 day moving average is $78.73. The Timken Company has a 1 year low of $69.35 and a 1 year high of $94.71. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61.

Timken (NYSE:TKR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. Sell-side analysts anticipate that The Timken Company will post 5.62 EPS for the current fiscal year.

Timken Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 25th were paid a $0.34 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.36 annualized dividend and a yield of 1.82%. Timken’s payout ratio is 27.25%.

Insiders Place Their Bets

In related news, CFO Philip D. Fracassa sold 5,000 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $81.50, for a total value of $407,500.00. Following the completion of the sale, the chief financial officer now directly owns 90,541 shares in the company, valued at $7,379,091.50. This trade represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on TKR shares. KeyCorp reissued a “sector weight” rating on shares of Timken in a report on Friday, November 22nd. Bank of America upgraded shares of Timken from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $73.00 to $78.00 in a research report on Tuesday, February 4th. Evercore ISI boosted their target price on shares of Timken from $91.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Jefferies Financial Group upgraded shares of Timken from a “hold” rating to a “buy” rating and boosted their price target for the company from $80.00 to $95.00 in a research note on Friday, December 6th. Finally, Morgan Stanley upped their target price on shares of Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.70.

Timken Profile

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.