Angeles Investment Advisors LLC Buys New Shares in The Timken Company (NYSE:TKR)

Angeles Investment Advisors LLC acquired a new position in The Timken Company (NYSE:TKR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,495 shares of the industrial products company's stock, valued at approximately $249,000.

A number of other institutional investors and hedge funds have also modified their holdings of TKR. Natixis Advisors LLC lifted its position in Timken by 7.6% during the 3rd quarter. Natixis Advisors LLC now owns 31,637 shares of the industrial products company's stock worth $2,667,000 after acquiring an additional 2,235 shares during the last quarter. Commerce Bank increased its stake in shares of Timken by 5.5% in the third quarter. Commerce Bank now owns 5,994 shares of the industrial products company's stock worth $505,000 after purchasing an additional 310 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Timken by 16.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,823 shares of the industrial products company's stock worth $154,000 after purchasing an additional 258 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Timken by 0.5% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 122,557 shares of the industrial products company's stock valued at $10,330,000 after purchasing an additional 580 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Timken by 0.3% in 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 last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Timken

In other 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

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

Timken Trading Down 2.5 %

Timken stock traded down $1.84 during midday trading on Friday, hitting $71.95. 453,294 shares of the stock were exchanged, compared to its average volume of 515,269. 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 quick ratio of 1.61, a current ratio of 3.07 and a debt-to-equity ratio of 0.69. The Timken Company has a 52 week low of $69.35 and a 52 week high of $94.71. The stock 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.

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, topping 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 anticipate that The Timken Company will post 5.62 EPS for the current fiscal year.

Timken Announces Dividend

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

Timken 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.