Fox Run Management L.L.C. Invests $638,000 in The Timken Company (NYSE:TKR)

Fox Run Management L.L.C. bought a new position in The Timken Company (NYSE:TKR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,933 shares of the industrial products company's stock, valued at approximately $638,000.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in shares of Timken by 11.3% during the fourth quarter. American Century Companies Inc. now owns 3,158,690 shares of the industrial products company's stock worth $225,436,000 after buying an additional 320,354 shares in the last quarter. State Street Corp boosted its position in Timken by 3.5% in the 3rd quarter. State Street Corp now owns 1,953,838 shares of the industrial products company's stock valued at $164,689,000 after buying an additional 66,208 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Timken by 34.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,700,979 shares of the industrial products company's stock valued at $143,376,000 after acquiring an additional 434,800 shares during the period. Geode Capital Management LLC increased its position in Timken by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,073,123 shares of the industrial products company's stock worth $90,477,000 after purchasing an additional 5,970 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Timken by 418.4% during the 4th quarter. Victory Capital Management Inc. now owns 882,156 shares of the industrial products company's stock valued at $62,959,000 after purchasing an additional 711,979 shares during the period. Institutional investors and hedge funds own 89.08% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have recently weighed in on TKR. Jefferies Financial Group raised Timken from a "hold" rating to a "buy" rating and increased their price target for the company from $80.00 to $95.00 in a research note on Friday, December 6th. Citigroup reduced their price objective on shares of Timken from $90.00 to $85.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Bank of America raised shares of Timken from an "underperform" rating to a "neutral" rating and upped their target price for the company from $73.00 to $78.00 in a research note on Tuesday, February 4th. Evercore ISI upped their price objective on shares of Timken from $91.00 to $102.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley boosted their target price on Timken from $93.00 to $94.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $92.70.

Timken Price Performance

TKR stock traded up $0.01 during midday trading on Tuesday, reaching $76.27. The company had a trading volume of 861,870 shares, compared to its average volume of 499,029. The stock has a 50 day moving average price of $78.25 and a 200-day moving average price of $78.40. The Timken Company has a 1-year low of $69.35 and a 1-year high of $94.71. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61. The company has a market capitalization 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.

Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.08. Timken had a return on equity of 13.93% and a net margin of 7.71%. Equities research analysts expect that The Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 25th were given a dividend of $0.34 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.36 dividend on an annualized basis and a yield of 1.78%. Timken's dividend payout ratio is currently 27.25%.

Insiders Place Their Bets

In related news, CFO Philip D. Fracassa sold 5,000 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 90,541 shares in the company, valued at $7,379,091.50. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 8.70% of the company's stock.

Timken Company Profile

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.