The Timken Company (NYSE:TKR) Shares Bought by Principal Securities Inc.

Principal Securities Inc. boosted its stake in The Timken Company (NYSE:TKR) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,857 shares of the industrial products company’s stock after buying an additional 207 shares during the quarter. Principal Securities Inc.’s holdings in Timken were worth $204,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TKR. Thrivent Financial for Lutherans lifted its stake in Timken by 4.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,679,790 shares of the industrial products company’s stock worth $225,880,000 after purchasing an additional 107,350 shares in the last quarter. State Street Corp boosted its stake in Timken by 3.5% during the third quarter. State Street Corp now owns 1,953,838 shares of the industrial products company’s stock worth $164,689,000 after buying an additional 66,208 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in Timken by 34.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,700,979 shares of the industrial products company’s stock worth $143,376,000 after buying an additional 434,800 shares during the last quarter. Geode Capital Management LLC grew its holdings in Timken by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,073,123 shares of the industrial products company’s stock valued at $90,477,000 after buying an additional 5,970 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Timken by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 649,952 shares of the industrial products company’s stock worth $54,784,000 after acquiring an additional 1,989 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Timken

In other news, CFO Philip D. Fracassa sold 5,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $81.50, for a total value of $407,500.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on TKR shares. Oppenheimer decreased 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. Bank of America raised Timken from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $73.00 to $78.00 in a research note on Tuesday, February 4th. Morgan Stanley upped their price target on Timken from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. KeyCorp restated a “sector weight” rating on shares of Timken in a report on Friday, November 22nd. Finally, Evercore ISI lifted their price target on shares of Timken from $91.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Timken has an average rating of “Moderate Buy” and an average target price of $92.70.

Timken Stock Down 1.4 %

TKR stock opened at $80.14 on Tuesday. The Timken Company has a one year low of $69.35 and a one year high of $94.71. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 3.07. The company has a fifty day moving average of $76.71 and a 200-day moving average of $79.31. The stock has a market capitalization of $5.62 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.51 and a beta of 1.39.

Timken (NYSE:TKR) last posted its quarterly earnings results 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 return on equity of 13.93% and a net margin of 7.71%. As a group, analysts expect that The Timken Company will post 5.62 EPS for the current year.

Timken Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Tuesday, February 25th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Tuesday, February 25th. Timken’s dividend payout ratio is currently 27.25%.

Timken 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.