Blue Trust Inc. Has $134,000 Stock Holdings in The Timken Company (NYSE:TKR)

Blue Trust Inc. increased its position in The Timken Company (NYSE:TKR) by 88.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,877 shares of the industrial products company’s stock after buying an additional 880 shares during the period. Blue Trust Inc.’s holdings in Timken were worth $134,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TKR. Coastline Trust Co purchased a new position in shares of Timken during the third quarter valued at approximately $29,000. Brooklyn Investment Group purchased a new position in Timken in the third quarter worth $74,000. Venturi Wealth Management LLC boosted its position in Timken by 230.7% in the third quarter. Venturi Wealth Management LLC now owns 1,088 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 759 shares during the last quarter. Covestor Ltd boosted its position in Timken by 20.0% in the third quarter. Covestor Ltd now owns 1,786 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 298 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Timken by 16.5% in the third quarter. First Horizon Advisors Inc. now owns 1,823 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 258 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Insider Activity at Timken

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

Wall Street Analysts Forecast Growth

TKR has been the topic of a number of research analyst reports. DA Davidson cut their price target 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. Oppenheimer dropped their price objective on shares of Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. KeyCorp reaffirmed a “sector weight” rating on shares of Timken in a report on Friday, November 22nd. Evercore ISI upped their price target on shares of Timken from $91.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Jefferies Financial Group upgraded shares of Timken from a “hold” rating to a “buy” rating and upped their price target for the company from $80.00 to $95.00 in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.70.

Timken Trading Down 3.0 %

NYSE:TKR opened at $81.26 on Friday. The firm has a market capitalization of $5.70 billion, a P/E ratio of 16.28, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a fifty day moving average of $76.61 and a 200 day moving average of $79.33. The company has a quick ratio of 1.61, a current ratio of 3.07 and a debt-to-equity ratio of 0.69. The Timken Company has a 52 week low of $69.35 and a 52 week high of $94.71.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, beating 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%. On average, research analysts predict that The Timken Company will post 5.62 earnings per share for the current year.

Timken Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.34 per share. The ex-dividend date is Tuesday, February 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.67%. Timken’s dividend payout ratio is presently 27.25%.

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.