Glenmede Trust Co. NA continued to hold its position in Timken Company (The) (NYSE:TKR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,380 shares of the industrial products company’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Timken Company (The) were worth $332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TrimTabs Asset Management LLC increased its position in shares of Timken Company (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 3,110 shares of the industrial products company’s stock worth $141,000 after buying an additional 1,464 shares during the period. James Investment Research Inc. purchased a new position in shares of Timken Company (The) during the first quarter worth $144,000. Robecosam AG purchased a new position in shares of Timken Company (The) during the first quarter worth $158,000. US Bancorp DE boosted its stake in Timken Company (The) by 3.9% in the first quarter. US Bancorp DE now owns 3,872 shares of the industrial products company’s stock worth $175,000 after buying an additional 145 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new stake in Timken Company (The) during the first quarter worth approximately $210,000. Institutional investors own 76.94% of the company’s stock.

Timken Company (NYSE:TKR) traded up 0.67% during mid-day trading on Tuesday, hitting $45.00. 821,272 shares of the stock traded hands. The firm’s 50-day moving average is $46.62 and its 200-day moving average is $45.57. Timken Company has a 12-month low of $31.60 and a 12-month high of $51.75. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 22.33 and a beta of 1.38.

Timken Company (The) (NYSE:TKR) last issued its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm posted $0.55 earnings per share. Equities research analysts expect that Timken Company will post $2.56 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 22nd will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.40%. Timken Company (The)’s dividend payout ratio (DPR) is presently 51.67%.

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A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of Timken Company (The) from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday, July 26th. BidaskClub raised shares of Timken Company (The) from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Jefferies Group LLC reaffirmed a “hold” rating and set a $45.00 price objective on shares of Timken Company (The) in a research note on Friday, July 14th. Stifel Nicolaus upped their price objective on shares of Timken Company (The) from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Finally, ValuEngine raised shares of Timken Company (The) from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Timken Company (The) currently has a consensus rating of “Hold” and a consensus price target of $47.50.

In other news, Director Jacqueline F. Woods sold 1,300 shares of Timken Company (The) stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $46.02, for a total transaction of $59,826.00. Following the completion of the sale, the director now directly owns 19,249 shares in the company, valued at $885,838.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP William R. Burkhart sold 32,580 shares of Timken Company (The) stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $47.94, for a total transaction of $1,561,885.20. Following the sale, the executive vice president now owns 55,640 shares of the company’s stock, valued at $2,667,381.60. The disclosure for this sale can be found here. Insiders own 11.08% of the company’s stock.

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.

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

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