Quantbot Technologies LP Buys 15,763 Shares of The Timken Company (NYSE:TKR)

Quantbot Technologies LP grew its stake in The Timken Company (NYSE:TKR) by 114.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,567 shares of the industrial products company’s stock after purchasing an additional 15,763 shares during the period. Quantbot Technologies LP’s holdings in Timken were worth $2,110,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State Street Corp lifted its stake in shares of Timken by 3.5% during the 3rd quarter. State Street Corp now owns 1,953,838 shares of the industrial products company’s stock worth $164,689,000 after acquiring an additional 66,208 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Timken by 34.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,700,979 shares of the industrial products company’s stock worth $143,376,000 after acquiring an additional 434,800 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Timken by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,073,123 shares of the industrial products company’s stock worth $90,477,000 after acquiring an additional 5,970 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Timken by 418.4% during the 4th quarter. Victory Capital Management Inc. now owns 882,156 shares of the industrial products company’s stock worth $62,959,000 after acquiring an additional 711,979 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Timken by 4.0% during the 4th quarter. Principal Financial Group Inc. now owns 783,560 shares of the industrial products company’s stock worth $55,928,000 after acquiring an additional 30,411 shares during the last quarter. 89.08% of the stock is owned by institutional investors.

Insider Activity at Timken

In related news, CFO Philip D. Fracassa sold 5,000 shares of the company’s 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. This represents a 5.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 8.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TKR has been the subject of a number of research analyst reports. Evercore ISI raised their price target on Timken from $91.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. 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. Bank of America raised Timken from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $73.00 to $78.00 in a research report on Tuesday, February 4th. Citigroup lowered their target price on Timken from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Morgan Stanley upped their target price on Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $92.70.

Timken Trading Down 0.4 %

Shares of NYSE TKR opened at $74.35 on Monday. 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 has a market capitalization of $5.20 billion, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 1.51 and a beta of 1.37. The Timken Company has a 1-year low of $69.35 and a 1-year high of $94.71. The business has a fifty day moving average price of $78.21 and a 200 day moving average price of $78.43.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. Timken had a return on equity of 13.93% and a net margin of 7.71%. Equities research analysts expect that The Timken Company will post 5.62 EPS 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 paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Tuesday, February 25th. Timken’s dividend payout ratio (DPR) 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.