Aristides Capital LLC Invests $228,000 in The Timken Company (NYSE:TKR)

Aristides Capital LLC acquired a new position in The Timken Company (NYSE:TKR) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,848 shares of the industrial products company’s stock, valued at approximately $228,000.

Several other hedge funds have also recently bought and sold shares of TKR. Fidelis Capital Partners LLC purchased a new position in shares of Timken during the 1st quarter valued at $26,000. EverSource Wealth Advisors LLC boosted its position in Timken by 1,905.6% during the first quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 343 shares during the last quarter. Versant Capital Management Inc purchased a new position in Timken in the second quarter valued at about $30,000. Livelsberger Financial Advisory acquired a new position in Timken in the 4th quarter worth about $30,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Timken during the 2nd quarter worth about $44,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Timken

In other Timken news, CEO Richard G. Kyle sold 30,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $80.76, for a total value of $2,422,800.00. Following the sale, the chief executive officer now directly owns 274,485 shares in the company, valued at approximately $22,167,408.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on TKR shares. DA Davidson reissued a “buy” rating and issued a $103.00 price target on shares of Timken in a research note on Tuesday, September 17th. Evercore ISI decreased 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 report on Monday, August 19th. Finally, Raymond James began coverage on shares of Timken in a 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 given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $89.18.

Timken Stock Performance

Shares of TKR opened at $83.88 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.95 and a quick ratio of 1.64. The Timken Company has a one year low of $65.71 and a one year high of $94.71. The company’s fifty day moving average price is $82.33 and its 200 day moving average price is $84.40. The company has a market capitalization of $5.88 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.83 and a beta of 1.44.

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

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th were paid a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.36 annualized dividend and a dividend yield of 1.62%. Timken’s payout ratio is 25.90%.

Timken Company Profile

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.