The Timken Company (NYSE:TKR) Shares Purchased by Aurora Investment Counsel

Aurora Investment Counsel raised its position in shares of The Timken Company (NYSE:TKR) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,655 shares of the industrial products company’s stock after purchasing an additional 1,205 shares during the quarter. Aurora Investment Counsel’s holdings in Timken were worth $1,688,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Coastline Trust Co purchased a new position in shares of Timken during the third quarter valued at $29,000. Fairway Wealth LLC bought a new position in shares of Timken in the fourth quarter valued at approximately $29,000. Amundi raised its holdings in Timken by 25.8% in the 4th quarter. Amundi now owns 848 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 174 shares during the period. Brooklyn Investment Group acquired a new position in shares of Timken during the 3rd quarter worth about $74,000. Finally, Venturi Wealth Management LLC boosted its position in shares of Timken by 230.7% in the third quarter. Venturi Wealth Management LLC now owns 1,088 shares of the industrial products company’s stock valued at $92,000 after acquiring an additional 759 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Citigroup reduced their target price on shares of Timken from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. KeyCorp reissued a “sector weight” rating on shares of Timken in a report on Friday, November 22nd. Morgan Stanley raised their target price on Timken from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Bank of America upgraded shares of Timken from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $73.00 to $78.00 in a research report on Tuesday, February 4th. 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 research note on Friday, December 6th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $92.70.

Timken Trading Down 1.1 %

NYSE TKR opened at $72.64 on Friday. The Timken Company has a one year low of $69.35 and a one year high of $94.71. The firm has a market cap of $5.08 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.51 and a beta of 1.37. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61. The stock’s 50-day moving average is $77.97 and its 200-day moving average is $78.88.

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 analysts’ consensus estimates of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. Sell-side analysts anticipate that The Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.36 annualized dividend and a dividend yield of 1.87%. Timken’s dividend payout ratio is currently 27.25%.

Insider Buying and Selling

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 90,541 shares in the company, valued at $7,379,091.50. The trade was 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 at this hyperlink. 8.70% of the stock is owned by 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.