Segall Bryant & Hamill LLC Sells 18,932 Shares of The Timken Company (NYSE:TKR)

Segall Bryant & Hamill LLC lowered its position in The Timken Company (NYSE:TKR) by 12.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,511 shares of the industrial products company’s stock after selling 18,932 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Timken were worth $9,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Timken by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 6,465,760 shares of the industrial products company’s stock valued at $461,461,000 after purchasing an additional 26,973 shares in the last quarter. American Century Companies Inc. boosted its position in Timken by 11.3% during the fourth quarter. American Century Companies Inc. now owns 3,158,690 shares of the industrial products company’s stock valued at $225,436,000 after buying an additional 320,354 shares during the period. State Street Corp grew its stake in shares of Timken by 3.5% during the third quarter. State Street Corp now owns 1,953,838 shares of the industrial products company’s stock valued at $164,689,000 after buying an additional 66,208 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Timken by 34.3% in 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 period. Finally, Geode Capital Management LLC lifted its stake in shares of 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 acquiring an additional 5,970 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TKR has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Citigroup reduced their price target on Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Bank of America upgraded Timken from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $73.00 to $78.00 in a report on Tuesday, February 4th. Evercore ISI boosted their target price on Timken from $91.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group raised Timken from a “hold” rating to a “buy” rating and raised their price target for the stock from $80.00 to $95.00 in a research note on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $92.70.

Timken Stock Performance

Shares of Timken stock opened at $75.67 on Thursday. The business has a fifty day simple moving average of $78.23 and a two-hundred day simple moving average of $78.38. The firm has a market capitalization of $5.30 billion, a P/E ratio of 15.16, a P/E/G ratio of 1.51 and a beta of 1.37. The company has a current ratio of 3.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69. The Timken Company has a 12 month low of $69.35 and a 12 month high of $94.71.

Timken (NYSE:TKR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. On average, equities analysts forecast that The Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 25th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Tuesday, February 25th. Timken’s dividend payout ratio (DPR) is presently 27.25%.

Insider Buying and Selling at Timken

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 value of $407,500.00. Following the completion of the transaction, the chief financial officer now 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.70% of the stock is owned by company insiders.

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.