GHP Investment Advisors Inc. Reduces Position in The Timken Company (NYSE:TKR)

GHP Investment Advisors Inc. lowered its position in The Timken Company (NYSE:TKR) by 1.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,078 shares of the industrial products company’s stock after selling 301 shares during the period. GHP Investment Advisors Inc.’s holdings in Timken were worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of TKR. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Timken by 34.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,700,979 shares of the industrial products company’s stock valued at $143,376,000 after acquiring an additional 434,800 shares during the period. Verition Fund Management LLC grew its position in Timken by 3,179.1% during the 3rd quarter. Verition Fund Management LLC now owns 193,858 shares of the industrial products company’s stock worth $16,340,000 after purchasing an additional 187,946 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Timken by 4.2% in the third quarter. Thrivent Financial for Lutherans now owns 2,679,790 shares of the industrial products company’s stock valued at $225,880,000 after buying an additional 107,350 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Timken by 73.2% during the third quarter. Royce & Associates LP now owns 190,456 shares of the industrial products company’s stock worth $16,054,000 after buying an additional 80,513 shares during the period. Finally, State Street Corp grew its holdings 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 worth $164,689,000 after buying an additional 66,208 shares during the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on TKR. Evercore ISI raised Timken from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $87.00 to $91.00 in a research note on Wednesday, November 13th. Morgan Stanley upgraded Timken from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $82.00 to $93.00 in a research note on Tuesday, December 17th. Bank of America upgraded shares of Timken from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $73.00 to $78.00 in a research report on Tuesday. Jefferies Financial Group upgraded shares of Timken from a “hold” rating to a “buy” rating and upped their price objective for the stock from $80.00 to $95.00 in a research report on Friday, December 6th. Finally, DA Davidson lowered their target price on shares of Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Timken has an average rating of “Moderate Buy” and an average price target of $91.50.

Timken Trading Up 0.8 %

Shares of Timken stock opened at $81.89 on Friday. The company has a 50-day moving average of $75.48 and a two-hundred day moving average of $79.40. The stock has a market cap of $5.74 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 1.04 and a beta of 1.39. The company has a current ratio of 3.00, a quick ratio of 1.62 and a debt-to-equity ratio of 0.71. The Timken Company has a 12-month low of $69.35 and a 12-month high of $94.71.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.08. Timken had a return on equity of 14.82% and a net margin of 7.41%. On average, research analysts anticipate that The Timken Company will post 5.61 EPS for the current fiscal year.

About Timken

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.