Fox Run Management L.L.C. Buys Shares of 8,933 The Timken Company (NYSE:TKR)

Fox Run Management L.L.C. bought a new stake in shares of The Timken Company (NYSE:TKR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,933 shares of the industrial products company's stock, valued at approximately $638,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Natixis Advisors LLC boosted its stake in shares of Timken by 7.6% during the third quarter. Natixis Advisors LLC now owns 31,637 shares of the industrial products company's stock valued at $2,667,000 after purchasing an additional 2,235 shares during the period. Commerce Bank boosted its position in Timken by 5.5% during the 3rd quarter. Commerce Bank now owns 5,994 shares of the industrial products company's stock valued at $505,000 after buying an additional 310 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Timken by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 649,952 shares of the industrial products company's stock valued at $54,784,000 after buying an additional 1,989 shares during the period. Penserra Capital Management LLC bought a new stake in Timken in the 3rd quarter worth $451,000. Finally, Mirabella Financial Services LLP purchased a new position in shares of Timken in the third quarter valued at about $2,215,000. 89.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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Insider Transactions at Timken

In related news, CFO Philip D. Fracassa sold 5,000 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $81.50, for a total transaction of $407,500.00. Following the sale, the chief financial officer now directly owns 90,541 shares of the company's stock, valued at approximately $7,379,091.50. This represents a 5.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 8.70% of the company's stock.

Timken Stock Down 2.5 %

Shares of Timken stock traded down $1.84 during trading on Friday, hitting $71.95. The company's stock had a trading volume of 453,294 shares, compared to its average volume of 515,269. The Timken Company has a 52 week low of $69.35 and a 52 week high of $94.71. The company has a market capitalization of $5.04 billion, a PE ratio of 14.42, a P/E/G ratio of 1.51 and a beta of 1.37. The company has a fifty day simple moving average of $78.08 and a two-hundred day simple moving average of $78.30. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 3.07.

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

Timken Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 25th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Tuesday, February 25th. Timken's dividend payout ratio (DPR) is 27.25%.

About Timken

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.