AHL Partners LLP reduced its position in Timken Company (The) (NYSE:TKR) by 13.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,900 shares of the industrial products company’s stock after selling 15,998 shares during the quarter. AHL Partners LLP owned about 0.13% of Timken Company (The) worth $4,575,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE increased its holdings in Timken Company (The) by 3.9% in the 1st quarter. US Bancorp DE now owns 3,872 shares of the industrial products company’s stock valued at $175,000 after buying an additional 145 shares during the period. Advisor Group Inc. boosted its stake in shares of Timken Company (The) by 19.7% in the 2nd quarter. Advisor Group Inc. now owns 4,051 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 666 shares in the last quarter. HM Payson & Co. acquired a new stake in shares of Timken Company (The) in the 1st quarter valued at approximately $202,000. Calamos Advisors LLC acquired a new stake in shares of Timken Company (The) in the 2nd quarter valued at approximately $210,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Timken Company (The) in the 1st quarter valued at approximately $210,000. 79.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Timken Company (TKR) opened at 49.35 on Friday. Timken Company has a 1-year low of $31.60 and a 1-year high of $51.75. The stock has a 50 day moving average of $46.33 and a 200-day moving average of $45.99. The firm has a market capitalization of $3.84 billion, a P/E ratio of 24.49 and a beta of 1.41.

Timken Company (The) (NYSE:TKR) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The company had revenue of $750.60 million for the quarter, compared to analysts’ expectations of $716.50 million. Timken Company (The) had a net margin of 5.98% and a return on equity of 12.73%. Timken Company (The)’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. On average, equities analysts expect that Timken Company will post $2.57 earnings per share for the current year.

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A number of research firms have recently weighed in on TKR. BidaskClub downgraded shares of Timken Company (The) from a “sell” rating to a “strong sell” rating in a research note 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 target on the stock in a research note on Thursday, September 28th. Goldman Sachs Group, Inc. (The) downgraded shares of Timken Company (The) from a “conviction-buy” rating to a “buy” rating and reduced their price target for the company from $55.00 to $51.00 in a research note on Monday, August 7th. Stifel Nicolaus restated a “hold” rating and issued a $53.00 price target on shares of Timken Company (The) in a research note on Friday, June 30th. Finally, ValuEngine upgraded shares of Timken Company (The) from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. One investment 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’s stock. The company currently has an average rating of “Hold” and an average target price of $46.67.

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.

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

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