Stephens Inc. AR reduced its stake in Timken (NYSE:TKR) by 37.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,927 shares of the industrial products company’s stock after selling 3,587 shares during the quarter. Stephens Inc. AR’s holdings in Timken were worth $270,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in TKR. Bronfman E.L. Rothschild L.P. raised its holdings in Timken by 1,368.0% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,202 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 2,052 shares during the period. Cerebellum GP LLC bought a new position in Timken in the 4th quarter valued at about $128,000. Contravisory Investment Management Inc. bought a new position in Timken in the 4th quarter valued at about $148,000. Assetmark Inc. raised its holdings in Timken by 976.8% in the 4th quarter. Assetmark Inc. now owns 3,015 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 2,735 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in shares of Timken during the fourth quarter worth approximately $201,000. 80.59% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on TKR shares. Jefferies Group raised shares of Timken from a “hold” rating to a “buy” rating in a report on Thursday, January 18th. Zacks Investment Research raised shares of Timken from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Tuesday, January 23rd. Stifel Nicolaus lowered their target price on shares of Timken from $53.00 to $52.00 and set a “hold” rating on the stock in a report on Thursday, February 8th. Vertical Research raised shares of Timken from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Finally, ValuEngine cut shares of Timken from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Timken has an average rating of “Hold” and an average target price of $51.00.

Shares of Timken opened at $47.90 on Tuesday, according to MarketBeat.com. Timken has a 12 month low of $47.80 and a 12 month high of $48.10. The company has a market cap of $3.72 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.11 and a beta of 1.50. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.58.

Timken (NYSE:TKR) last announced its earnings results on Tuesday, May 1st. The industrial products company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.17. Timken had a net margin of 7.71% and a return on equity of 16.55%. The company had revenue of $883.00 million for the quarter, compared to analysts’ expectations of $836.56 million. During the same period last year, the firm earned $0.55 earnings per share. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. equities analysts predict that Timken will post 3.95 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Investors of record on Friday, May 18th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.34%. This is a boost from Timken’s previous quarterly dividend of $0.27. The ex-dividend date is Thursday, May 17th. Timken’s dividend payout ratio (DPR) is 41.06%.

In related news, CFO Philip D. Fracassa sold 3,739 shares of Timken stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $47.71, for a total value of $178,387.69. Following the transaction, the chief financial officer now directly owns 43,534 shares of the company’s stock, valued at $2,077,007.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank C. Sullivan acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 3rd. The stock was purchased at an average cost of $44.85 per share, for a total transaction of $89,700.00. Following the completion of the purchase, the director now directly owns 46,932 shares of the company’s stock, valued at $2,104,900.20. The disclosure for this purchase can be found here. Insiders sold 10,173 shares of company stock worth $473,686 over the last three months. 11.15% of the stock is currently owned by insiders.

Timken Profile

The Timken Company engineers, manufactures, and markets bearings, transmissions, gearboxes, belts, chains, lubrication systems, couplings, industrial clutches and brakes, and related products worldwide. It operates through two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, lubrication devices, and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches and brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.

Want to see what other hedge funds are holding TKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Timken (NYSE:TKR).

Institutional Ownership by Quarter for Timken (NYSE:TKR)

Receive News & Ratings for Timken Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Timken and related companies with MarketBeat.com's FREE daily email newsletter.