Natixis Advisors LLC Boosts Stake in The Timken Company (NYSE:TKR)

Natixis Advisors LLC lifted its holdings in shares of The Timken Company (NYSE:TKR) by 7.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,637 shares of the industrial products company’s stock after acquiring an additional 2,235 shares during the quarter. Natixis Advisors LLC’s holdings in Timken were worth $2,667,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TKR. American Century Companies Inc. boosted its stake in Timken by 4.8% during the 2nd quarter. American Century Companies Inc. now owns 2,817,294 shares of the industrial products company’s stock valued at $225,750,000 after acquiring an additional 128,791 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Timken by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,104,910 shares of the industrial products company’s stock worth $168,667,000 after purchasing an additional 97,550 shares during the last quarter. Earnest Partners LLC grew its stake in Timken by 2.1% in the second quarter. Earnest Partners LLC now owns 1,322,312 shares of the industrial products company’s stock worth $105,957,000 after purchasing an additional 26,671 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Timken by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 529,161 shares of the industrial products company’s stock valued at $42,402,000 after buying an additional 3,462 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Timken by 11.0% during the second quarter. Sei Investments Co. now owns 437,339 shares of the industrial products company’s stock valued at $35,044,000 after buying an additional 43,169 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Stock Performance

Shares of NYSE TKR opened at $75.96 on Monday. The Timken Company has a 12-month low of $71.57 and a 12-month high of $94.71. The company has a current ratio of 3.00, a quick ratio of 1.62 and a debt-to-equity ratio of 0.71. The company has a market cap of $5.33 billion, a PE ratio of 15.79, a P/E/G ratio of 1.12 and a beta of 1.43. The stock has a 50 day simple moving average of $81.45 and a 200-day simple moving average of $82.80.

Timken (NYSE:TKR) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.15). The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. Timken had a return on equity of 14.82% and a net margin of 7.41%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.55 EPS. On average, equities research analysts forecast that The Timken Company will post 5.61 EPS for the current year.

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 19th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Tuesday, November 19th. Timken’s dividend payout ratio (DPR) is presently 28.27%.

Insider Activity at Timken

In other Timken news, Director Richard G. Kyle sold 30,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $76.59, for a total value of $2,297,700.00. Following the sale, the director now directly owns 194,485 shares in the company, valued at approximately $14,895,606.15. The trade was a 13.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. DA Davidson decreased their target price on Timken from $103.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. KeyCorp reiterated a “sector weight” rating on shares of Timken in a research note on Friday. Evercore ISI upgraded shares of Timken from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $87.00 to $91.00 in a research report on Wednesday, November 13th. Citigroup began coverage on shares of Timken in a research report on Monday, October 14th. They set a “neutral” rating and a $90.00 price objective for the company. Finally, Oppenheimer cut their target price 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. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $90.00.

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.