B. Metzler seel. Sohn & Co. Holding AG Makes New $2.86 Million Investment in The Timken Company (NYSE:TKR)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in The Timken Company (NYSE:TKR - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 33,963 shares of the industrial products company's stock, valued at approximately $2,863,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Creative Planning increased its position in shares of Timken by 1.7% in the 2nd quarter. Creative Planning now owns 9,123 shares of the industrial products company's stock valued at $731,000 after acquiring an additional 150 shares during the period. Beese Fulmer Investment Management Inc. increased its holdings in shares of Timken by 1.0% in the third quarter. Beese Fulmer Investment Management Inc. now owns 15,208 shares of the industrial products company's stock valued at $1,282,000 after purchasing an additional 155 shares during the period. Blue Trust Inc. raised its stake in shares of Timken by 20.0% in the third quarter. Blue Trust Inc. now owns 997 shares of the industrial products company's stock worth $80,000 after purchasing an additional 166 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Timken by 64.1% during the third quarter. UMB Bank n.a. now owns 430 shares of the industrial products company's stock worth $36,000 after purchasing an additional 168 shares during the period. Finally, Verdence Capital Advisors LLC boosted its position in Timken by 3.8% in the third quarter. Verdence Capital Advisors LLC now owns 4,539 shares of the industrial products company's stock valued at $383,000 after buying an additional 168 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Richard G. Kyle sold 30,000 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $76.59, for a total transaction of $2,297,700.00. Following the transaction, the director now directly owns 194,485 shares in the company, valued at $14,895,606.15. The trade was a 13.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Citigroup began coverage on shares of Timken in a research report on Monday, October 14th. They set a "neutral" rating and a $90.00 price target for the company. Evercore ISI raised shares of Timken from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $87.00 to $91.00 in a report on Wednesday, November 13th. KeyCorp lowered their price target on shares of Timken from $104.00 to $90.00 and set an "overweight" rating on the stock in a report on Wednesday, November 6th. Oppenheimer reduced their price objective on Timken from $102.00 to $97.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Finally, DA Davidson lowered their target price on Timken from $103.00 to $99.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $90.00.

Timken Stock Performance

Shares of TKR stock opened at $73.94 on Thursday. The company has a current ratio of 3.00, a quick ratio of 1.62 and a debt-to-equity ratio of 0.71. The Timken Company has a 12-month low of $71.57 and a 12-month high of $94.71. The business's 50 day moving average is $81.60 and its two-hundred day moving average is $83.05. The company has a market capitalization of $5.18 billion, a P/E ratio of 15.37, a P/E/G ratio of 1.09 and a beta of 1.43.

Timken (NYSE:TKR - Get Free Report) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by ($0.15). Timken had a net margin of 7.41% and a return on equity of 14.82%. The business had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter last year, the business earned $1.55 EPS. The company's quarterly revenue was down 1.4% on a year-over-year basis. Analysts expect that The Timken Company will post 5.61 EPS for the current fiscal year.

Timken Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Tuesday, November 19th. Timken's payout ratio is 28.27%.

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.