Kovitz Investment Group Partners LLC Boosts Stock Holdings in The Timken Company (NYSE:TKR)

Kovitz Investment Group Partners LLC boosted its position in The Timken Company (NYSE:TKRFree Report) by 4.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,743 shares of the industrial products company’s stock after acquiring an additional 520 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Timken were worth $936,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Lazard Asset Management LLC acquired a new stake in shares of Timken during the 4th quarter worth $34,000. Money Concepts Capital Corp purchased a new stake in Timken during the 4th quarter worth $35,000. Sunbelt Securities Inc. acquired a new stake in shares of Timken during the second quarter valued at about $36,000. Acadian Asset Management LLC purchased a new stake in shares of Timken during the first quarter worth about $36,000. Finally, IFP Advisors Inc lifted its stake in shares of Timken by 96.3% in the second quarter. IFP Advisors Inc now owns 430 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.

Timken Stock Performance

Shares of NYSE TKR opened at $82.56 on Monday. The Timken Company has a 52-week low of $65.71 and a 52-week high of $95.08. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.14 and a beta of 1.55. The company has a quick ratio of 0.96, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The stock’s fifty day simple moving average is $79.26 and its 200 day simple moving average is $76.20.

Timken (NYSE:TKRGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.15. Timken had a return on equity of 19.57% and a net margin of 8.26%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company earned $1.22 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts forecast that The Timken Company will post 6.02 earnings per share for the current fiscal year.

Timken Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 6th. Investors of record on Tuesday, February 20th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Friday, February 16th. Timken’s dividend payout ratio is currently 24.18%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TKR shares. Stifel Nicolaus lowered their price target on Timken from $93.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, December 19th. The Goldman Sachs Group boosted their price target on Timken from $78.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. StockNews.com raised Timken from a “hold” rating to a “buy” rating in a report on Thursday, February 1st. Morgan Stanley initiated coverage on shares of Timken in a report on Monday, January 8th. They issued an “equal weight” rating and a $74.00 price objective for the company. Finally, KeyCorp decreased their target price on shares of Timken from $102.00 to $91.00 and set an “overweight” rating for the company in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Timken has an average rating of “Hold” and an average target price of $85.50.

Check Out Our Latest Stock Analysis on TKR

Insider Transactions at Timken

In other news, CFO Philip D. Fracassa sold 5,000 shares of Timken stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $74.03, for a total transaction of $370,150.00. Following the completion of the sale, the chief financial officer now directly owns 88,868 shares in the company, valued at approximately $6,578,898.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 9.89% of the stock is currently owned by company insiders.

Timken Company Profile

(Free Report)

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; thrust and specialty ball bearings; and housed or mounted bearings.

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Institutional Ownership by Quarter for Timken (NYSE:TKR)

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