Mirabella Financial Services LLP Has $513,000 Holdings in The Timken Company (NYSE:TKR)

Mirabella Financial Services LLP cut its stake in The Timken Company (NYSE:TKR - Free Report) by 72.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,186 shares of the industrial products company's stock after selling 19,092 shares during the period. Mirabella Financial Services LLP's holdings in Timken were worth $513,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MetLife Investment Management LLC increased its position in shares of Timken by 9.0% during the 4th quarter. MetLife Investment Management LLC now owns 35,982 shares of the industrial products company's stock valued at $2,568,000 after purchasing an additional 2,983 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Timken by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,233,493 shares of the industrial products company's stock worth $159,403,000 after acquiring an additional 124,676 shares in the last quarter. Epoch Investment Partners Inc. acquired a new stake in Timken during the 4th quarter valued at $897,000. Commerce Bank lifted its stake in Timken by 5.2% in the 4th quarter. Commerce Bank now owns 6,306 shares of the industrial products company's stock worth $450,000 after acquiring an additional 312 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Timken by 8.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 47,856 shares of the industrial products company's stock worth $3,412,000 after purchasing an additional 3,564 shares in the last quarter. Institutional investors own 89.08% of the company's stock.

Timken Stock Performance

TKR stock traded up $0.04 during midday trading on Friday, hitting $65.03. The stock had a trading volume of 376,169 shares, compared to its average volume of 555,620. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 13.03, a P/E/G ratio of 1.51 and a beta of 1.28. 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 stock has a 50-day simple moving average of $70.91 and a 200 day simple moving average of $75.47. The Timken Company has a 52 week low of $56.20 and a 52 week high of $94.71.

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, beating the consensus estimate of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. As a group, equities research analysts anticipate that The Timken Company will post 5.62 earnings per share for the current year.

Timken Dividend Announcement

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

Wall Street Analysts Forecast Growth

TKR has been the subject of a number of research reports. Citigroup reduced their price objective on Timken from $95.00 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Loop Capital lowered their target price on shares of Timken from $85.00 to $65.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Bank of America upgraded Timken from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $73.00 to $78.00 in a research note on Tuesday, February 4th. DA Davidson reiterated a "neutral" rating and set a $66.00 price target (down previously from $97.00) on shares of Timken in a report on Monday. Finally, Evercore ISI upped their price objective on shares of Timken from $91.00 to $102.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Timken has an average rating of "Hold" and a consensus price target of $81.91.

Insider Buying and Selling at Timken

In related news, CFO Philip D. Fracassa sold 5,000 shares of the 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 directly owns 90,541 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.70% of the company's stock.

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.