Timken Co (NYSE:TKR) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 1,200,000 shares, a growth of 20.6% from the August 30th total of 995,400 shares. Based on an average trading volume of 622,300 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.8% of the shares of the company are short sold.

In other Timken news, Director John M. Timken, Jr. bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average cost of $38.04 per share, with a total value of $190,200.00. Following the acquisition, the director now owns 397,734 shares of the company’s stock, valued at $15,129,801.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.58% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of TKR. First Trust Advisors LP grew its holdings in Timken by 17.0% in the 1st quarter. First Trust Advisors LP now owns 180,255 shares of the industrial products company’s stock valued at $7,863,000 after buying an additional 26,238 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Timken by 19.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 213,245 shares of the industrial products company’s stock worth $9,302,000 after purchasing an additional 33,974 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Timken by 20.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 395,872 shares of the industrial products company’s stock worth $17,268,000 after purchasing an additional 67,135 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Timken by 317.9% during the 1st quarter. Riverhead Capital Management LLC now owns 46,404 shares of the industrial products company’s stock worth $2,024,000 after purchasing an additional 35,300 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Timken by 3.4% during the 1st quarter. Nordea Investment Management AB now owns 102,900 shares of the industrial products company’s stock worth $4,488,000 after purchasing an additional 3,400 shares in the last quarter. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on TKR. Goldman Sachs Group raised Timken from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $56.00 in a report on Tuesday, July 16th. ValuEngine lowered Timken from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research raised Timken from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Finally, Bank of America lowered Timken from a “neutral” rating to an “underperform” rating and set a $41.00 target price on the stock. in a report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $52.25.

NYSE TKR traded up $1.25 on Friday, reaching $43.05. The stock had a trading volume of 374,150 shares, compared to its average volume of 489,680. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.68 and a quick ratio of 1.47. The firm has a fifty day moving average of $41.92 and a two-hundred day moving average of $45.58. Timken has a 1-year low of $33.98 and a 1-year high of $52.38. The company has a market cap of $3.18 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 1.01 and a beta of 1.79.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.18). Timken had a net margin of 8.38% and a return on equity of 21.40%. The firm had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company earned $1.11 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. Research analysts predict that Timken will post 4.86 EPS for the current fiscal year.

About Timken

The Timken Company engineers, manufactures, and markets engineered bearings and power transmission products worldwide. It operates in two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, and lubrication devices and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches, 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.

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