D.A. Davidson & CO. Increases Stake in The Timken Company (NYSE:TKR)

D.A. Davidson & CO. raised its stake in shares of The Timken Company (NYSE:TKR - Free Report) by 14.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,588 shares of the industrial products company's stock after acquiring an additional 7,406 shares during the period. D.A. Davidson & CO. owned about 0.08% of Timken worth $4,938,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TKR. American Century Companies Inc. grew its holdings in shares of Timken by 4.8% in the second quarter. American Century Companies Inc. now owns 2,817,294 shares of the industrial products company's stock valued at $225,750,000 after acquiring an additional 128,791 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Timken by 4.2% in the third quarter. Thrivent Financial for Lutherans now owns 2,679,790 shares of the industrial products company's stock worth $225,880,000 after purchasing an additional 107,350 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Timken by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,104,910 shares of the industrial products company's stock valued at $168,667,000 after purchasing an additional 97,550 shares during the period. Earnest Partners LLC increased its position in shares of Timken by 2.1% during the 2nd quarter. Earnest Partners LLC now owns 1,322,312 shares of the industrial products company's stock valued at $105,957,000 after purchasing an additional 26,671 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 worth $54,784,000 after buying an additional 1,989 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Price Performance

Shares of TKR stock traded up $0.25 during trading hours on Thursday, reaching $76.80. The stock had a trading volume of 278,056 shares, compared to its average volume of 486,283. The stock's fifty day simple moving average is $81.20 and its 200 day simple moving average is $82.56. The firm has a market capitalization of $5.38 billion, a PE ratio of 15.97, a PEG ratio of 1.15 and a beta of 1.43. The Timken Company has a 12 month low of $71.57 and a 12 month high of $94.71. The company has a current ratio of 3.00, a quick ratio of 1.62 and a debt-to-equity ratio of 0.71.

Timken (NYSE:TKR - Get Free Report) last released its quarterly earnings results 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). Timken had a net margin of 7.41% and a return on equity of 14.82%. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter last year, the firm earned $1.55 earnings per share. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts predict that The Timken Company will post 5.61 EPS for the current year.

Timken Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 19th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Tuesday, November 19th. Timken's dividend payout ratio (DPR) is 28.27%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TKR. Oppenheimer decreased their price objective on shares of Timken from $102.00 to $97.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. Citigroup initiated coverage on shares of Timken in a report on Monday, October 14th. They issued a "neutral" rating and a $90.00 price target on the stock. Evercore ISI raised Timken from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $87.00 to $91.00 in a report on Wednesday, November 13th. 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. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Timken in a research report on Friday, November 22nd. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Timken has a consensus rating of "Hold" and a consensus target price of $90.00.

Insider Transactions at Timken

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 shares were sold at an average price of $76.59, for a total value of $2,297,700.00. Following the completion of the sale, the director now directly owns 194,485 shares in the company, valued at approximately $14,895,606.15. The trade was a 13.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.70% of the company's stock.

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.