The Timken Company (NYSE:TKR) Shares Purchased by Xponance Inc.

Xponance Inc. lifted its position in shares of The Timken Company (NYSE:TKR) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,309 shares of the industrial products company’s stock after acquiring an additional 405 shares during the quarter. Xponance Inc.’s holdings in Timken were worth $522,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in Timken during the 4th quarter worth approximately $29,000. Amundi grew its holdings in Timken by 25.8% during the fourth 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 purchased a new position in Timken in the third quarter worth $74,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Timken in the fourth quarter valued at $109,000. Finally, AlphaQuest LLC boosted its position in shares of Timken by 25,983.3% during the 4th quarter. AlphaQuest LLC now owns 1,565 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 1,559 shares in the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Philip D. Fracassa sold 5,000 shares of the stock in a transaction on Friday, February 7th. The stock was 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 of the company’s stock, valued at approximately $7,379,091.50. This trade represents a 5.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Timken Price Performance

NYSE:TKR opened at $76.27 on Wednesday. The Timken Company has a 12-month low of $69.35 and a 12-month high of $94.71. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 1.51 and a beta of 1.37. The company’s 50-day moving average is $78.25 and its two-hundred day moving average is $78.40. 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 announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that The Timken Company will post 5.62 EPS for the current year.

Timken Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 25th were paid a $0.34 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.36 annualized dividend and a yield of 1.78%. Timken’s payout ratio is currently 27.25%.

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.