Mutual of America Capital Management LLC Sells 1,582 Shares of The Timken Company (NYSE:TKR)

Mutual of America Capital Management LLC lessened its holdings in shares of The Timken Company (NYSE:TKR) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,091 shares of the industrial products company’s stock after selling 1,582 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Timken worth $2,972,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Timken by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 6,515,972 shares of the industrial products company’s stock worth $569,691,000 after buying an additional 347,794 shares during the period. American Century Companies Inc. increased its position in Timken by 4.8% during the 2nd quarter. American Century Companies Inc. now owns 2,817,294 shares of the industrial products company’s stock valued at $225,750,000 after purchasing an additional 128,791 shares during the period. Dimensional Fund Advisors LP raised its holdings in Timken by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,104,910 shares of the industrial products company’s stock worth $168,667,000 after purchasing an additional 97,550 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Timken by 15.8% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 1,313,122 shares of the industrial products company’s stock worth $105,247,000 after purchasing an additional 178,870 shares during the period. Finally, Fiduciary Management Inc. WI boosted its stake in shares of Timken by 94.7% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,133,076 shares of the industrial products company’s stock valued at $90,816,000 after purchasing an additional 551,097 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

Insider Transactions at Timken

In related news, CEO Richard G. Kyle sold 30,000 shares of Timken stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $80.46, for a total transaction of $2,413,800.00. Following the transaction, the chief executive officer now owns 244,485 shares of the company’s stock, valued at $19,671,263.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 8.70% of the company’s stock.

Timken Trading Up 0.8 %

Shares of Timken stock opened at $83.24 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 2.95. The Timken Company has a 52 week low of $65.71 and a 52 week high of $94.71. The stock has a 50 day moving average price of $82.46 and a two-hundred day moving average price of $84.48. The stock has a market capitalization of $5.86 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.73 and a beta of 1.44.

Timken (NYSE:TKR) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.03. Timken had a net margin of 7.52% and a return on equity of 16.36%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the business posted $2.01 EPS. Timken’s quarterly revenue was down 7.1% on a year-over-year basis. As a group, equities analysts anticipate that The Timken Company will post 6.11 earnings per share for the current fiscal year.

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Tuesday, August 20th. Timken’s dividend payout ratio is currently 25.90%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Evercore ISI lowered their target price on shares of Timken from $94.00 to $87.00 and set an “in-line” rating for the company in a research note on Monday, August 19th. DA Davidson reissued a “buy” rating and issued a $103.00 price objective on shares of Timken in a research report on Tuesday, September 17th. Finally, Raymond James started coverage on Timken in a research report on Friday, June 28th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $89.18.

About Timken

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.