BlackRock Inc. grew its holdings in Timken Company (The) (NYSE:TKR) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,746,878 shares of the industrial products company’s stock after acquiring an additional 72,454 shares during the period. BlackRock Inc. owned about 7.38% of Timken Company (The) worth $265,793,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Timken Company (The) by 3.2% in the first quarter. Vanguard Group Inc. now owns 6,130,314 shares of the industrial products company’s stock worth $277,090,000 after buying an additional 188,261 shares in the last quarter. Boston Partners lifted its position in shares of Timken Company (The) by 4.2% in the second quarter. Boston Partners now owns 3,022,904 shares of the industrial products company’s stock worth $139,810,000 after buying an additional 121,015 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Timken Company (The) by 38.4% in the first quarter. Wellington Management Group LLP now owns 2,211,031 shares of the industrial products company’s stock worth $99,939,000 after buying an additional 613,258 shares in the last quarter. State Street Corp lifted its position in shares of Timken Company (The) by 3.7% in the first quarter. State Street Corp now owns 1,912,712 shares of the industrial products company’s stock worth $86,455,000 after buying an additional 68,041 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Timken Company (The) by 12.8% in the first quarter. AQR Capital Management LLC now owns 1,671,575 shares of the industrial products company’s stock worth $75,556,000 after buying an additional 189,670 shares in the last quarter. Institutional investors and hedge funds own 79.62% of the company’s stock.

Shares of Timken Company (TKR) opened at 48.75 on Thursday. The firm’s 50-day moving average price is $46.01 and its 200 day moving average price is $45.94. Timken Company has a 52 week low of $31.60 and a 52 week high of $51.75. The company has a market capitalization of $3.79 billion, a PE ratio of 24.19 and a beta of 1.41.

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

A number of research firms recently commented on TKR. BidaskClub downgraded Timken Company (The) from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Timken Company (The) from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Thursday, September 28th. Goldman Sachs Group, Inc. (The) downgraded Timken Company (The) from a “conviction-buy” rating to a “buy” rating and decreased their target price for the stock from $55.00 to $51.00 in a research report on Monday, August 7th. Stifel Nicolaus reiterated a “hold” rating and issued a $53.00 target price on shares of Timken Company (The) in a research report on Friday, June 30th. Finally, ValuEngine upgraded Timken Company (The) from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Timken Company (The) has an average rating of “Hold” and a consensus price target 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.

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

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