The Timken Company (NYSE:TKR) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its stake in shares of The Timken Company (NYSE:TKR) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,447 shares of the industrial products company’s stock after selling 841 shares during the quarter. Yousif Capital Management LLC’s holdings in Timken were worth $1,673,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Retirement Systems of Alabama increased its holdings in shares of Timken by 4.4% in the 4th quarter. Retirement Systems of Alabama now owns 184,387 shares of the industrial products company’s stock valued at $13,160,000 after purchasing an additional 7,744 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Timken by 2.6% during the fourth quarter. Pacer Advisors Inc. now owns 9,507 shares of the industrial products company’s stock worth $679,000 after purchasing an additional 237 shares during the last quarter. KBC Group NV boosted its position in shares of Timken by 83.6% in the fourth quarter. KBC Group NV now owns 3,114 shares of the industrial products company’s stock worth $222,000 after acquiring an additional 1,418 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Timken by 107.5% during the 4th quarter. Blue Trust Inc. now owns 2,069 shares of the industrial products company’s stock worth $148,000 after buying an additional 1,072 shares during the last quarter. Finally, Olstein Capital Management L.P. lifted its stake in shares of Timken by 17.2% in the 4th quarter. Olstein Capital Management L.P. now owns 17,000 shares of the industrial products company’s stock valued at $1,213,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Trading Up 0.8 %

Timken stock opened at $82.19 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 3.07 and a debt-to-equity ratio of 0.69. The Timken Company has a 12 month low of $69.35 and a 12 month high of $94.71. The company’s fifty day simple moving average is $75.64 and its 200-day simple moving average is $79.33. The stock has a market cap of $5.76 billion, a P/E ratio of 16.47, a P/E/G ratio of 1.21 and a beta of 1.39.

Timken (NYSE:TKR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. As a group, sell-side analysts forecast that The Timken Company will post 5.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TKR. Bank of America upgraded Timken from an “underperform” rating to a “neutral” rating and increased their price target for the company from $73.00 to $78.00 in a report on Tuesday, February 4th. DA Davidson cut their target price on shares of Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley boosted their price target on Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday. Evercore ISI raised Timken from an “in-line” rating to an “outperform” rating and increased their price target for the company from $87.00 to $91.00 in a research note on Wednesday, November 13th. Finally, Citigroup reduced their target price on shares of Timken from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.60.

Insider Transactions at Timken

In related news, CFO Philip D. Fracassa sold 5,000 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $81.50, for a total transaction of $407,500.00. Following the completion of the transaction, the chief financial officer now directly owns 90,541 shares in the company, valued at $7,379,091.50. This represents a 5.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.70% of the stock is owned by corporate insiders.

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.