O Shaughnessy Asset Management LLC Has $211,000 Stock Holdings in The Timken Company (NYSE:TKR)

O Shaughnessy Asset Management LLC decreased its position in shares of The Timken Company (NYSE:TKR) by 23.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,956 shares of the industrial products company’s stock after selling 904 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Timken were worth $211,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in shares of Timken during the 4th quarter worth about $29,000. Amundi raised its position in Timken by 25.8% during the fourth quarter. Amundi now owns 848 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 174 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Timken in the fourth quarter valued at approximately $109,000. AlphaQuest LLC grew its position in Timken by 25,983.3% in the fourth quarter. AlphaQuest LLC now owns 1,565 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 1,559 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Timken by 88.3% during the 4th quarter. Blue Trust Inc. now owns 1,877 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 880 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Stock Up 2.1 %

TKR opened at $61.50 on Monday. The Timken Company has a 1-year low of $56.20 and a 1-year high of $94.71. The business has a 50 day moving average of $74.57 and a 200-day moving average of $76.72. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 1.51 and a beta of 1.28. The company has a current ratio of 3.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69.

Timken (NYSE:TKR) last posted 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 net margin of 7.71% and a return on equity of 13.93%. As a group, sell-side analysts anticipate that The Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Tuesday, February 25th. Timken’s payout ratio is presently 27.25%.

Insider Activity

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of Timken stock in a transaction on Friday, February 7th. The shares were sold at an average price of $81.50, for a total transaction of $407,500.00. Following the sale, the chief financial officer now 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 filing with the Securities & Exchange Commission, which is available at this link. 8.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of Timken from $85.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Citigroup reduced their price target on Timken from $95.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Morgan Stanley increased their price objective on Timken from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Bank of America upgraded Timken from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $73.00 to $78.00 in a report on Tuesday, February 4th. Finally, Evercore ISI increased their price target on Timken from $91.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Timken currently has an average rating of “Moderate Buy” and an average target price of $87.45.

Timken Company 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.