Raymond James Financial Services Advisors Inc. boosted its position in Timken Company (The) (NYSE:TKR) by 4.8% during the first quarter, Holdings Channel reports. The fund owned 6,595 shares of the industrial products company’s stock after buying an additional 301 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Timken Company (The) were worth $298,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC increased its stake in Timken Company (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 3,110 shares of the industrial products company’s stock worth $141,000 after buying an additional 1,464 shares in the last quarter. James Investment Research Inc. bought a new stake in Timken Company (The) during the first quarter worth approximately $144,000. Tyers Asset Management LLC bought a new stake in Timken Company (The) during the fourth quarter worth approximately $130,000. US Bancorp DE increased its stake in Timken Company (The) by 3.9% in the first quarter. US Bancorp DE now owns 3,872 shares of the industrial products company’s stock worth $175,000 after buying an additional 145 shares in the last quarter. Finally, Flinton Capital Management LLC bought a new stake in Timken Company (The) during the fourth quarter worth approximately $158,000. Institutional investors own 77.73% of the company’s stock.

Institutional Ownership by Quarter for Timken Company (The) (NYSE:TKR)

Shares of Timken Company (NYSE:TKR) opened at 46.60 on Tuesday. The company has a market capitalization of $3.63 billion, a P/E ratio of 29.62 and a beta of 1.32. The firm has a 50 day moving average price of $46.72 and a 200 day moving average price of $44.27. Timken Company has a one year low of $28.72 and a one year high of $51.75.

Timken Company (The) (NYSE:TKR) last released its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.12. The business had revenue of $703.80 million during the quarter, compared to the consensus estimate of $649.70 million. Timken Company (The) had a return on equity of 12.10% and a net margin of 4.75%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS. On average, equities research analysts predict that Timken Company will post $2.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Friday, May 19th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $1.08 dividend on an annualized basis and a yield of 2.32%. This is an increase from Timken Company (The)’s previous quarterly dividend of $0.26. Timken Company (The)’s payout ratio is 66.67%.

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A number of research firms recently commented on TKR. Stifel Nicolaus upped their price objective on Timken Company (The) from $46.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 28th. Zacks Investment Research upgraded Timken Company (The) from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Saturday, April 29th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $45.00 price objective on shares of Timken Company (The) in a report on Tuesday, April 18th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $45.71.

In other Timken Company (The) news, EVP William R. Burkhart sold 32,580 shares of Timken Company (The) stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $47.94, for a total transaction of $1,561,885.20. Following the completion of the transaction, the executive vice president now owns 55,640 shares in the company, valued at approximately $2,667,381.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jacqueline F. Woods sold 1,300 shares of Timken Company (The) stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $46.02, for a total value of $59,826.00. Following the transaction, the director now owns 19,249 shares of the company’s stock, valued at approximately $885,838.98. The disclosure for this sale can be found here. Insiders have sold a total of 39,078 shares of company stock valued at $1,871,839 in the last quarter. Company insiders own 11.08% of the company’s stock.

Timken Company (The) Company Profile

The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain, couplings and related products and offers a spectrum of power system rebuild and repair services across the world. The Company operates through two segments: Mobile Industries and Process Industries.

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