EMC Capital Management Has $205,000 Stake in The Timken Company (NYSE:TKR)

EMC Capital Management decreased its stake in The Timken Company (NYSE:TKRFree Report) by 56.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,785 shares of the industrial products company’s stock after selling 3,671 shares during the quarter. EMC Capital Management’s holdings in Timken were worth $205,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Verition Fund Management LLC boosted its stake in Timken by 2.5% in the 4th quarter. Verition Fund Management LLC now owns 5,062 shares of the industrial products company’s stock valued at $358,000 after buying an additional 122 shares in the last quarter. Signaturefd LLC boosted its stake in Timken by 7.8% in the 2nd quarter. Signaturefd LLC now owns 1,817 shares of the industrial products company’s stock valued at $166,000 after buying an additional 132 shares in the last quarter. First Republic Investment Management Inc. boosted its stake in Timken by 0.7% in the first quarter. First Republic Investment Management Inc. now owns 19,478 shares of the industrial products company’s stock worth $1,592,000 after purchasing an additional 141 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in Timken by 4.0% in the second quarter. Rehmann Capital Advisory Group now owns 3,792 shares of the industrial products company’s stock worth $347,000 after purchasing an additional 145 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Timken by 4.8% in the second quarter. Sequoia Financial Advisors LLC now owns 3,354 shares of the industrial products company’s stock worth $307,000 after purchasing an additional 153 shares in the last quarter. Institutional investors and hedge funds own 84.56% of the company’s stock.

Timken Stock Up 1.2 %

Shares of Timken stock opened at $83.57 on Tuesday. The Timken Company has a 1 year low of $65.71 and a 1 year high of $95.08. The business has a 50-day moving average of $79.43 and a two-hundred day moving average of $76.15. The company has a market capitalization of $5.90 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 1.14 and a beta of 1.55. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 0.96.

Timken (NYSE:TKRGet Free Report) last announced its quarterly earnings results on Monday, February 5th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.15. Timken had a return on equity of 19.57% and a net margin of 8.26%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company earned $1.22 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities analysts predict that The Timken Company will post 6.02 EPS for the current year.

Timken Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 6th. Shareholders of record on Tuesday, February 20th will be issued a $0.33 dividend. The ex-dividend date is Friday, February 16th. This represents a $1.32 annualized dividend and a dividend yield of 1.58%. Timken’s dividend payout ratio (DPR) is currently 24.18%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TKR shares. Jefferies Financial Group lowered Timken from a “buy” rating to a “hold” rating and cut their price target for the company from $105.00 to $85.00 in a research note on Wednesday, December 20th. KeyCorp cut their price target on Timken from $102.00 to $91.00 and set an “overweight” rating on the stock in a research note on Monday, November 6th. Morgan Stanley initiated coverage on Timken in a report on Monday, January 8th. They issued an “equal weight” rating and a $74.00 price objective for the company. StockNews.com upgraded Timken from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Stifel Nicolaus dropped their price objective on Timken from $93.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $85.50.

View Our Latest Analysis on TKR

Timken Company Profile

(Free Report)

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; thrust and specialty ball bearings; and housed or mounted bearings.

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Institutional Ownership by Quarter for Timken (NYSE:TKR)

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