Beddow Capital Management Inc. Sells 125 Shares of The Timken Company (NYSE:TKR)

Beddow Capital Management Inc. decreased its position in shares of The Timken Company (NYSE:TKR) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,875 shares of the industrial products company’s stock after selling 125 shares during the period. Beddow Capital Management Inc.’s holdings in Timken were worth $311,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new stake in shares of Timken during the 1st quarter valued at $26,000. Livelsberger Financial Advisory purchased a new position in shares of Timken in the fourth quarter valued at about $30,000. Versant Capital Management Inc bought a new position in shares of Timken in the second quarter worth about $30,000. EverSource Wealth Advisors LLC grew its position in shares of Timken by 1,905.6% during the first quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 343 shares in the last quarter. Finally, Manchester Capital Management LLC raised its stake in Timken by 51.3% during the 1st quarter. Manchester Capital Management LLC now owns 605 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 205 shares during the period. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Richard G. Kyle sold 30,000 shares of the stock in a transaction 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 sale, 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 is available at this hyperlink. 8.70% of the stock is owned by insiders.

Timken Stock Performance

Shares of NYSE:TKR opened at $82.55 on Friday. The firm has a fifty day simple moving average of $82.48 and a two-hundred day simple moving average of $84.50. The company has a quick ratio of 1.64, a current ratio of 2.95 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $5.81 billion, a P/E ratio of 15.72, a PEG ratio of 1.73 and a beta of 1.44. The Timken Company has a 52 week low of $65.71 and a 52 week high of $94.71.

Timken (NYSE:TKR) last released its quarterly earnings results 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. Timken had a return on equity of 16.36% and a net margin of 7.52%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business posted $2.01 earnings per share. The firm’s revenue was down 7.1% on a year-over-year basis. On average, analysts expect that The Timken Company will post 6.11 earnings per share for the current fiscal year.

Timken Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Tuesday, August 20th were given a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.36 dividend on an annualized basis and a yield of 1.65%. Timken’s dividend payout ratio is presently 25.90%.

Analyst Ratings Changes

Several research analysts have weighed in on TKR shares. Evercore ISI dropped their price target on 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 set a $103.00 target price on shares of Timken in a research report on Tuesday. Finally, Raymond James assumed coverage on shares of Timken in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $89.18.

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.