The Timken Company (NYSE:TKR) Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its position in shares of The Timken Company (NYSE:TKR - Free Report) by 178.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,105 shares of the industrial products company's stock after acquiring an additional 55,843 shares during the quarter. NEOS Investment Management LLC owned 0.12% of Timken worth $6,217,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TKR. Fairway Wealth LLC purchased a new stake in Timken in the 4th quarter valued at approximately $29,000. Amundi grew its holdings in Timken by 25.8% during the fourth quarter. Amundi now owns 848 shares of the industrial products company's stock worth $61,000 after acquiring an additional 174 shares during the period. Brooklyn Investment Group acquired a new position in Timken during the third quarter worth $74,000. Kohmann Bosshard Financial Services LLC purchased a new position in Timken in the fourth quarter worth $109,000. Finally, AlphaQuest LLC boosted its position in shares of Timken by 25,983.3% during the 4th quarter. AlphaQuest LLC now owns 1,565 shares of the industrial products company's stock worth $112,000 after purchasing an additional 1,559 shares in the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Trading Down 4.4 %

Shares of Timken stock traded down $3.18 during trading hours on Tuesday, reaching $68.70. The stock had a trading volume of 697,677 shares, compared to its average volume of 516,187. 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 firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 1.51 and a beta of 1.37. The firm has a 50 day simple moving average of $77.98 and a two-hundred day simple moving average of $78.24. The Timken Company has a 1 year low of $66.84 and a 1 year high of $94.71.

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Timken (NYSE:TKR - Get Free Report) last released its quarterly 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, equities research analysts anticipate that The Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 25th were paid a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.98%. Timken's dividend payout ratio (DPR) is presently 27.25%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Bank of America raised 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. Jefferies Financial Group raised shares of Timken from a "hold" rating to a "buy" rating and upped their price target for the company from $80.00 to $95.00 in a report on Friday, December 6th. Evercore ISI raised their price objective on shares of Timken from $91.00 to $102.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Morgan Stanley upped their target price on Timken from $93.00 to $94.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Finally, Citigroup dropped their price target on Timken from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $92.70.

Insider Transactions at Timken

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of the 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 sale, the chief financial officer now directly owns 90,541 shares of the company's stock, valued at approximately $7,379,091.50. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.