US Bancorp DE Has $227,000 Stake in The Timken Company (NYSE:TKR)

US Bancorp DE decreased its holdings in The Timken Company (NYSE:TKR) by 10.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,183 shares of the industrial products company’s stock after selling 367 shares during the quarter. US Bancorp DE’s holdings in Timken were worth $227,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. QRG Capital Management Inc. raised its stake in Timken by 5.1% in the 4th quarter. QRG Capital Management Inc. now owns 54,399 shares of the industrial products company’s stock worth $3,882,000 after purchasing an additional 2,664 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Timken in the 4th quarter worth about $3,101,000. Phocas Financial Corp. acquired a new stake in Timken in the 4th quarter worth about $550,000. Bank of New York Mellon Corp raised its stake in Timken by 7.6% in the 4th quarter. Bank of New York Mellon Corp now owns 717,278 shares of the industrial products company’s stock worth $51,192,000 after purchasing an additional 50,519 shares in the last quarter. Finally, Skylands Capital LLC acquired a new stake in Timken in the 4th quarter worth about $2,184,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Stock Performance

Shares of TKR stock opened at $74.58 on Friday. The stock has a fifty day moving average of $78.09 and a 200 day moving average of $78.77. The Timken Company has a 52 week low of $69.35 and a 52 week high of $94.71. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.51 and a beta of 1.37. The company has a quick ratio of 1.61, a current ratio of 3.07 and a debt-to-equity ratio of 0.69.

Timken (NYSE:TKR) last announced 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 return on equity of 13.93% and a net margin of 7.71%. As a group, research analysts expect that The Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 25th were issued a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.36 annualized dividend and a yield of 1.82%. Timken’s payout ratio is 27.25%.

Analyst Upgrades and Downgrades

Several research firms have commented on TKR. KeyCorp reissued a “sector weight” rating on shares of Timken in a report on Friday, November 22nd. Morgan Stanley raised their target price on shares of Timken from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Evercore ISI raised their target price on shares of Timken from $91.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Citigroup decreased their target price on shares of Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Jefferies Financial Group raised shares of Timken from a “hold” rating to a “buy” rating and raised their target price for the company from $80.00 to $95.00 in a report on Friday, December 6th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.70.

Insider Buying and Selling

In other news, CFO Philip D. Fracassa sold 5,000 shares of Timken stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $81.50, for a total transaction of $407,500.00. Following the transaction, the chief financial officer now directly owns 90,541 shares of the company’s stock, valued at $7,379,091.50. The trade was a 5.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.