7,930 Shares in The Timken Company (NYSE:TKR) Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new stake in The Timken Company (NYSE:TKR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,930 shares of the industrial products company's stock, valued at approximately $566,000.

Several other hedge funds have also recently modified their holdings of TKR. Vanguard Group Inc. boosted its holdings in shares of Timken by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 6,465,760 shares of the industrial products company's stock valued at $461,461,000 after buying an additional 26,973 shares in the last quarter. American Century Companies Inc. grew its holdings in Timken by 11.3% in the fourth quarter. American Century Companies Inc. now owns 3,158,690 shares of the industrial products company's stock worth $225,436,000 after purchasing an additional 320,354 shares during the last quarter. State Street Corp increased its position in shares of Timken by 3.5% during the third quarter. State Street Corp now owns 1,953,838 shares of the industrial products company's stock worth $164,689,000 after purchasing an additional 66,208 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Timken by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,073,123 shares of the industrial products company's stock valued at $90,477,000 after purchasing an additional 5,970 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Timken by 418.4% in the 4th quarter. Victory Capital Management Inc. now owns 882,156 shares of the industrial products company's stock worth $62,959,000 after purchasing an additional 711,979 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages recently issued reports on TKR. The Goldman Sachs Group reduced their target price on Timken from $85.00 to $75.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Bank of America upgraded shares of Timken from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $73.00 to $78.00 in a report on Tuesday, February 4th. Jefferies Financial Group reiterated a "hold" rating and issued a $70.00 target price (down from $90.00) on shares of Timken in a research note on Wednesday, April 2nd. Morgan Stanley upped their price target 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, Citigroup lowered their price objective on shares of Timken from $95.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Timken has a consensus rating of "Moderate Buy" and an average target price of $87.45.

Timken Stock Performance

Shares of NYSE TKR traded up $0.36 during trading on Friday, reaching $60.61. 120,117 shares of the company traded hands, compared to its average volume of 546,668. The stock has a market cap of $4.24 billion, a P/E ratio of 12.18, a PEG ratio of 1.51 and a beta of 1.28. The firm's fifty day simple moving average is $74.92 and its 200 day simple moving average is $76.92. The company has a current ratio of 3.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69. The Timken Company has a 12-month low of $56.20 and a 12-month high of $94.71.

Timken (NYSE:TKR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.08 by $0.08. Timken had a return on equity of 13.93% and a net margin of 7.71%. As a group, research analysts anticipate that The Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 25th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Tuesday, February 25th. Timken's dividend payout ratio (DPR) is presently 27.25%.

Insider Activity at Timken

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

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.