The Timken Company (NYSE:TKR) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its position in shares of The Timken Company (NYSE:TKR - Free Report) by 184.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,918 shares of the industrial products company's stock after purchasing an additional 31,714 shares during the period. BNP Paribas Financial Markets owned 0.07% of Timken worth $4,123,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Coastline Trust Co purchased a new position in shares of Timken during the 3rd quarter worth $29,000. EverSource Wealth Advisors LLC increased its position in shares of Timken by 1,905.6% during the first quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 343 shares during the last quarter. Livelsberger Financial Advisory purchased a new stake in shares of Timken in the 3rd quarter valued at approximately $32,000. UMB Bank n.a. lifted its holdings in shares of Timken by 64.1% in the 3rd quarter. UMB Bank n.a. now owns 430 shares of the industrial products company's stock worth $36,000 after acquiring an additional 168 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Timken during the 2nd quarter worth approximately $44,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Price Performance

TKR traded down $1.17 during trading on Thursday, reaching $76.10. 627,754 shares of the stock were exchanged, compared to its average volume of 485,862. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.00 and a quick ratio of 1.62. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 1.15 and a beta of 1.38. The Timken Company has a 1 year low of $72.35 and a 1 year high of $94.71. The business's 50 day moving average price is $80.63 and its two-hundred day moving average price is $82.06.

Timken (NYSE:TKR - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.15). The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. Timken had a net margin of 7.41% and a return on equity of 14.82%. Timken's revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 earnings per share. As a group, equities research analysts anticipate that The Timken Company will post 5.61 earnings per share for the current year.

Timken Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Tuesday, November 19th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Tuesday, November 19th. Timken's payout ratio is currently 28.27%.

Analysts Set New Price Targets

Several research firms have recently commented on TKR. Oppenheimer lowered their price target on Timken from $102.00 to $97.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. DA Davidson reduced their price target on shares of Timken from $103.00 to $99.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Evercore ISI upgraded shares of Timken from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $87.00 to $91.00 in a report on Wednesday, November 13th. Citigroup assumed coverage on shares of Timken in a report on Monday, October 14th. They set a "neutral" rating and a $90.00 target price on the stock. Finally, KeyCorp reissued a "sector weight" rating on shares of Timken in a research report on Friday, November 22nd. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $90.00.

Insider Buying and Selling at Timken

In related news, Director Richard G. Kyle sold 30,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $76.59, for a total transaction of $2,297,700.00. Following the transaction, the director now owns 194,485 shares of the company's stock, valued at approximately $14,895,606.15. This represents a 13.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.70% of the stock is owned by 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.