10,524 Shares in The Timken Company (NYSE:TKR) Acquired by Inceptionr LLC

Inceptionr LLC bought a new position in The Timken Company (NYSE:TKR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,524 shares of the industrial products company's stock, valued at approximately $751,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vestcor Inc purchased a new position in shares of Timken in the 3rd quarter worth about $560,000. TT International Asset Management LTD lifted its position in Timken by 1,075.2% during the third quarter. TT International Asset Management LTD now owns 39,274 shares of the industrial products company's stock valued at $3,310,000 after buying an additional 35,932 shares in the last quarter. Barclays PLC increased its position in shares of Timken by 221.6% in the third quarter. Barclays PLC now owns 86,667 shares of the industrial products company's stock worth $7,307,000 after acquiring an additional 59,716 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Timken in the 3rd quarter valued at $2,863,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Timken by 29.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 60,625 shares of the industrial products company's stock valued at $4,327,000 after acquiring an additional 13,697 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company's stock.

Insiders Place Their Bets

In other news, CFO Philip D. Fracassa sold 5,000 shares of Timken 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 owns 90,541 shares of the company's stock, valued at approximately $7,379,091.50. The trade was a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.70% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

TKR has been the subject of several recent research reports. Citigroup lowered their price target on Timken from $90.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. KeyCorp restated a "sector weight" rating on shares of Timken in a report on Friday, November 22nd. Evercore ISI boosted their target price on shares of Timken from $91.00 to $102.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Morgan Stanley upped their target price on shares of Timken from $93.00 to $94.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Finally, Bank of America raised shares of Timken from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $73.00 to $78.00 in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $92.70.

Timken Stock Performance

Shares of TKR traded down $0.04 during mid-day trading on Tuesday, hitting $74.72. The stock had a trading volume of 555,674 shares, compared to its average volume of 663,673. 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 company has a market cap of $5.23 billion, a PE ratio of 14.97, a PEG ratio of 1.51 and a beta of 1.37. The Timken Company has a fifty-two week low of $69.35 and a fifty-two week high of $94.71. The company's fifty day simple moving average is $77.86 and its two-hundred day simple moving average is $78.99.

Timken (NYSE:TKR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. On average, equities analysts expect that The Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors 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 yield of 1.82%. Timken's payout ratio is currently 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.