Ceredex Value Advisors LLC Has $15.89 Million Stock Holdings in The Timken Company (NYSE:TKR)

Ceredex Value Advisors LLC increased its holdings in shares of The Timken Company (NYSE:TKR - Free Report) by 25.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 222,607 shares of the industrial products company's stock after acquiring an additional 45,300 shares during the period. Ceredex Value Advisors LLC owned about 0.32% of Timken worth $15,887,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TKR. First Horizon Advisors Inc. grew its stake in shares of Timken by 8.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,981 shares of the industrial products company's stock valued at $141,000 after purchasing an additional 158 shares during the period. Amundi grew its holdings in shares of Timken by 25.8% in the 4th quarter. Amundi now owns 848 shares of the industrial products company's stock worth $61,000 after purchasing an additional 174 shares during the last quarter. Sheets Smith Wealth Management lifted its holdings in Timken by 3.4% during the 4th quarter. Sheets Smith Wealth Management now owns 5,856 shares of the industrial products company's stock valued at $418,000 after purchasing an additional 190 shares during the last quarter. Principal Securities Inc. boosted its position in Timken by 7.8% in the fourth quarter. Principal Securities Inc. now owns 2,857 shares of the industrial products company's stock valued at $204,000 after buying an additional 207 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in shares of Timken by 3.8% during the third quarter. MML Investors Services LLC now owns 5,790 shares of the industrial products company's stock worth $488,000 after buying an additional 212 shares in the last quarter. Institutional investors own 89.08% of the company's stock.

Insider Activity

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $81.50, for a total value 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 trade represents a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.70% of the stock is owned by corporate insiders.

Timken Stock Down 3.5 %

Shares of TKR traded down $2.12 on Monday, hitting $59.30. The company's stock had a trading volume of 110,730 shares, compared to its average volume of 552,424. The firm's fifty day moving average price is $72.55 and its 200-day moving average price is $75.95. The Timken Company has a fifty-two week low of $56.20 and a fifty-two week high of $94.71. 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 firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 1.51 and a beta of 1.28.

Timken (NYSE:TKR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.08. Timken had a return on equity of 13.93% and a net margin of 7.71%. On average, equities research analysts expect 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. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.34 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.29%. Timken's dividend payout ratio is 27.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. DA Davidson reaffirmed a "neutral" rating and set a $66.00 price target (down from $97.00) on shares of Timken in a report on Monday. Loop Capital reduced their price target on shares of Timken from $85.00 to $65.00 and set a "hold" rating on the stock in a research report on Thursday. Bank of America raised shares of Timken from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $73.00 to $78.00 in a research note on Tuesday, February 4th. Morgan Stanley dropped their price objective on shares of Timken from $94.00 to $88.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group dropped their target price on Timken from $85.00 to $75.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Timken presently has an average rating of "Hold" and a consensus target price of $81.91.

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.