Crossmark Global Holdings Inc. bought a new stake in Timken Company (The) (NYSE:TKR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,145 shares of the industrial products company’s stock, valued at approximately $298,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. lifted its position in shares of Timken by 144.9% in the second quarter. Prudential Financial Inc. now owns 566,928 shares of the industrial products company’s stock valued at $26,220,000 after acquiring an additional 335,460 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in Timken during the second quarter worth approximately $1,205,000. Clinton Group Inc. purchased a new position in Timken during the second quarter worth approximately $361,000. Keybank National Association OH lifted its position in Timken by 6.2% during the second quarter. Keybank National Association OH now owns 272,211 shares of the industrial products company’s stock worth $12,590,000 after buying an additional 15,920 shares in the last quarter. Finally, Nicholas Investment Partners LP lifted its position in Timken by 4.3% during the second quarter. Nicholas Investment Partners LP now owns 180,879 shares of the industrial products company’s stock worth $8,366,000 after buying an additional 7,437 shares in the last quarter. Institutional investors and hedge funds own 79.27% of the company’s stock.

Shares of Timken Company (TKR) traded up $1.40 during trading on Wednesday, hitting $48.85. The stock had a trading volume of 685,500 shares, compared to its average volume of 782,379. The company has a quick ratio of 1.38, a current ratio of 2.59 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $3,680.00, a P/E ratio of 19.50, a PEG ratio of 1.55 and a beta of 1.47. Timken Company has a 12 month low of $38.60 and a 12 month high of $53.10.

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

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

A number of equities analysts recently commented on the company. BidaskClub downgraded Timken from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Timken from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Thursday, September 28th. Goldman Sachs Group downgraded Timken from a “conviction-buy” rating to a “buy” rating and reduced their price objective for the stock from $55.00 to $51.00 in a research report on Monday, August 7th. Jefferies Group reiterated a “hold” rating and issued a $50.00 price target on shares of Timken in a report on Thursday, October 26th. Finally, ValuEngine upgraded Timken from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Timken has a consensus rating of “Hold” and an average price target of $52.00.

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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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