Stephens Inc. AR decreased its position in shares of Timken Co (NYSE:TKR) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,514 shares of the industrial products company’s stock after selling 1,090 shares during the period. Stephens Inc. AR’s holdings in Timken were worth $468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC purchased a new stake in Timken during the third quarter valued at about $382,000. Nomura Holdings Inc. purchased a new stake in Timken during the second quarter valued at about $349,000. Parametrica Management Ltd purchased a new position in shares of Timken in the third quarter worth about $331,000. Lord Abbett & CO. LLC increased its holdings in shares of Timken by 20.6% in the second quarter. Lord Abbett & CO. LLC now owns 1,350,766 shares of the industrial products company’s stock worth $62,473,000 after buying an additional 230,730 shares during the period. Finally, Virginia Retirement Systems ET AL increased its holdings in shares of Timken by 16.8% in the third quarter. Virginia Retirement Systems ET AL now owns 52,100 shares of the industrial products company’s stock worth $2,529,000 after buying an additional 7,500 shares during the period. Institutional investors and hedge funds own 78.97% of the company’s stock.

In related news, insider Richard G. Kyle sold 9,242 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $49.75, for a total transaction of $459,789.50. Following the transaction, the insider now owns 89,236 shares in the company, valued at approximately $4,439,491. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.08% of the stock is owned by insiders.

Several research analysts have recently commented on the company. Zacks Investment Research downgraded Timken from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Stifel Nicolaus decreased their price objective on Timken from $53.00 to $52.00 and set a “hold” rating on the stock in a report on Thursday, February 8th. Jefferies Group reiterated a “hold” rating and issued a $50.00 price objective on shares of Timken in a report on Thursday, October 26th. Finally, Longbow Research upgraded Timken from a “neutral” rating to a “buy” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $52.25.

Timken Co (TKR) opened at $44.40 on Wednesday. The company has a market capitalization of $3,450.08, a PE ratio of 16.97, a PEG ratio of 1.18 and a beta of 1.44. The company has a quick ratio of 1.13, a current ratio of 2.23 and a debt-to-equity ratio of 0.58. Timken Co has a twelve month low of $41.78 and a twelve month high of $55.65.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The firm had revenue of $778.00 million for the quarter, compared to the consensus estimate of $767.98 million. Timken had a return on equity of 14.55% and a net margin of 6.77%. The company’s quarterly revenue was up 18.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 earnings per share. research analysts expect that Timken Co will post 3.25 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Tuesday, February 20th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.08 dividend on an annualized basis and a yield of 2.43%. Timken’s dividend payout ratio is presently 42.02%.

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About Timken

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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