Epoch Investment Partners Inc. Invests $897,000 in The Timken Company (NYSE:TKR)

Epoch Investment Partners Inc. purchased a new stake in The Timken Company (NYSE:TKR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,569 shares of the industrial products company's stock, valued at approximately $897,000.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in Timken by 418.4% in the fourth quarter. Victory Capital Management Inc. now owns 882,156 shares of the industrial products company's stock valued at $62,959,000 after acquiring an additional 711,979 shares during the period. Norges Bank acquired a new stake in Timken during the fourth quarter valued at approximately $42,748,000. American Century Companies Inc. grew its stake in shares of Timken by 11.3% in the 4th quarter. American Century Companies Inc. now owns 3,158,690 shares of the industrial products company's stock valued at $225,436,000 after purchasing an additional 320,354 shares during the period. Royce & Associates LP raised its holdings in shares of Timken by 108.9% in the 4th quarter. Royce & Associates LP now owns 397,895 shares of the industrial products company's stock worth $28,398,000 after buying an additional 207,439 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Timken in the 4th quarter worth approximately $14,460,000. Institutional investors and hedge funds own 89.08% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, CFO Philip D. Fracassa sold 5,000 shares of Timken stock in a transaction on Friday, February 7th. The shares were sold at an average price of $81.50, for a total transaction of $407,500.00. Following the transaction, the chief financial officer now directly owns 90,541 shares of the company's stock, valued at $7,379,091.50. This trade represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 8.70% of the company's stock.

Timken Trading Up 0.1 %

NYSE:TKR traded up $0.04 during trading hours on Friday, hitting $65.03. 376,169 shares of the stock were exchanged, compared to its average volume of 555,930. The company's 50 day moving average is $70.55 and its two-hundred day moving average is $75.36. The company has a market capitalization of $4.55 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. The Timken Company has a twelve month low of $56.20 and a twelve month 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.

Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, topping 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, sell-side analysts anticipate that The Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 25th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.09%. The ex-dividend date was Tuesday, February 25th. Timken's payout ratio is 27.25%.

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.