Blue Trust Inc. Purchases 166 Shares of The Timken Company (NYSE:TKR)

Blue Trust Inc. lifted its position in The Timken Company (NYSE:TKR) by 20.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 997 shares of the industrial products company’s stock after acquiring an additional 166 shares during the period. Blue Trust Inc.’s holdings in Timken were worth $80,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Fidelis Capital Partners LLC purchased a new stake in Timken in the first quarter worth $26,000. EverSource Wealth Advisors LLC grew its position in shares of Timken by 1,905.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company’s stock worth $32,000 after buying an additional 343 shares during the period. Versant Capital Management Inc purchased a new stake in shares of Timken in the 2nd quarter worth about $30,000. UMB Bank n.a. increased its stake in shares of Timken by 64.1% in the 3rd quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 168 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Timken during the 2nd quarter valued at about $44,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TKR shares. 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 note on Monday, August 19th. DA Davidson restated a “buy” rating and issued a $103.00 price target on shares of Timken in a research note on Tuesday, September 17th. Finally, Citigroup assumed coverage on Timken in a research note on Monday, October 14th. They set a “neutral” rating and a $90.00 price objective for the company. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $91.70.

Timken Stock Down 0.2 %

Timken stock opened at $84.29 on Thursday. The Timken Company has a 12 month low of $65.71 and a 12 month high of $94.71. The stock has a fifty day simple moving average of $83.04 and a two-hundred day simple moving average of $84.03. The company has a current ratio of 2.95, a quick ratio of 1.64 and a debt-to-equity ratio of 0.72. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.92 and a beta of 1.43.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.60 by $0.03. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. Timken had a return on equity of 16.36% and a net margin of 7.52%. Timken’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period last year, the company earned $2.01 EPS. Equities analysts predict that The Timken Company will post 6.05 EPS for the current fiscal 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 issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.36 annualized dividend and a dividend yield of 1.61%. Timken’s payout ratio is 27.87%.

Insider Activity at Timken

In other Timken news, CEO Richard G. Kyle sold 30,000 shares of Timken stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $80.46, for a total value of $2,413,800.00. Following the completion of the sale, the chief executive officer now owns 244,485 shares of the company’s stock, valued at approximately $19,671,263.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.70% of the stock is owned by insiders.

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.