Legal & General Group Plc grew its position in Timken Co (NYSE:TKR) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,098 shares of the industrial products company’s stock after purchasing an additional 5,219 shares during the period. Legal & General Group Plc owned approximately 0.12% of Timken worth $4,569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. raised its holdings in shares of Timken by 15.0% during the 3rd quarter. Macquarie Group Ltd. now owns 28,300 shares of the industrial products company’s stock valued at $1,374,000 after buying an additional 3,700 shares during the period. Quantbot Technologies LP raised its holdings in shares of Timken by 1,056.9% during the 3rd quarter. Quantbot Technologies LP now owns 6,282 shares of the industrial products company’s stock valued at $304,000 after buying an additional 5,739 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Timken during the 3rd quarter valued at about $658,000. Sei Investments Co. raised its holdings in shares of Timken by 6.5% during the 3rd quarter. Sei Investments Co. now owns 269,391 shares of the industrial products company’s stock valued at $13,079,000 after buying an additional 16,547 shares during the period. Finally, FDx Advisors Inc. purchased a new stake in shares of Timken during the 3rd quarter valued at about $225,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Richard G. Kyle sold 9,242 shares of Timken stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $49.75, for a total value of $459,789.50. Following the completion of the transaction, the insider now owns 89,236 shares in the company, valued at approximately $4,439,491. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.08% of the stock is currently owned by company insiders.

Several brokerages recently commented on TKR. ValuEngine downgraded Timken from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group reiterated a “hold” rating and set a $50.00 target price on shares of Timken in a report on Thursday, October 26th. Finally, Zacks Investment Research upgraded Timken from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $52.00.

Shares of Timken Co (NYSE TKR) opened at $48.65 on Wednesday. The company has a current ratio of 2.59, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. Timken Co has a twelve month low of $39.40 and a twelve month high of $53.10. The stock has a market capitalization of $3,795.48, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 1.61 and a beta of 1.49.

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

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were given a $0.27 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.08 annualized dividend and a dividend yield of 2.22%. Timken’s payout ratio is 43.03%.

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Timken 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.

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Institutional Ownership by Quarter for Timken (NYSE:TKR)

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