The Timken Company (NYSE:TKR) Shares Sold by Barclays PLC

Barclays PLC reduced its position in The Timken Company (NYSE:TKR - Free Report) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,704 shares of the industrial products company's stock after selling 7,963 shares during the period. Barclays PLC owned approximately 0.11% of Timken worth $5,618,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Fairway Wealth LLC acquired a new position in Timken during the fourth quarter valued at approximately $29,000. Amundi lifted its holdings in shares of Timken by 25.8% during the 4th quarter. Amundi now owns 848 shares of the industrial products company's stock valued at $61,000 after acquiring an additional 174 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Timken during the 4th quarter worth $109,000. AlphaQuest LLC increased its holdings in Timken by 25,983.3% in the 4th quarter. AlphaQuest LLC now owns 1,565 shares of the industrial products company's stock valued at $112,000 after purchasing an additional 1,559 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Timken by 88.3% in the fourth quarter. Blue Trust Inc. now owns 1,877 shares of the industrial products company's stock valued at $134,000 after purchasing an additional 880 shares during the period. Hedge funds and other institutional investors own 89.08% of the company's stock.

Timken Stock Down 0.1 %

Timken stock traded down $0.06 during midday trading on Tuesday, hitting $65.23. The stock had a trading volume of 810,978 shares, compared to its average volume of 557,345. The company has a current ratio of 3.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69. The business has a fifty day moving average price of $70.19 and a 200 day moving average price of $75.13. The Timken Company has a 12 month low of $56.20 and a 12 month high of $94.71. The stock has a market cap of $4.57 billion, a P/E ratio of 13.07, a P/E/G ratio of 1.51 and a beta of 1.28.

Timken (NYSE:TKR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, beating 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%. Research analysts predict that The Timken Company will post 5.62 EPS for the current year.

Timken Announces Dividend

The firm 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. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Tuesday, February 25th. Timken's dividend payout ratio is presently 27.25%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TKR. Citigroup decreased their target price on Timken from $95.00 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Loop Capital decreased their price target on Timken from $85.00 to $65.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Morgan Stanley dropped their price objective on shares of Timken from $94.00 to $88.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group decreased their target price on shares of Timken from $85.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, DA Davidson reaffirmed a "neutral" rating and set a $66.00 price target (down previously from $97.00) on shares of Timken in a research note on Monday, April 21st. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $81.91.

Insider Buying and Selling

In other news, CFO Philip D. Fracassa sold 5,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was 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 in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 8.70% of the stock is owned by company insiders.

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.