5,881 Shares in The Timken Company (NYSE:TKR) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new position in shares of The Timken Company (NYSE:TKR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,881 shares of the industrial products company's stock, valued at approximately $420,000.

A number of other hedge funds have also added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its stake in shares of Timken by 184.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 48,918 shares of the industrial products company's stock worth $4,123,000 after buying an additional 31,714 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Timken by 7.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,421 shares of the industrial products company's stock valued at $1,384,000 after purchasing an additional 1,068 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in Timken by 506.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,325 shares of the industrial products company's stock valued at $280,000 after purchasing an additional 2,777 shares in the last quarter. Paloma Partners Management Co acquired a new position in shares of Timken during the 3rd quarter worth approximately $388,000. Finally, Hilltop Holdings Inc. raised its stake in shares of Timken by 59.1% during the 3rd quarter. Hilltop Holdings Inc. now owns 4,001 shares of the industrial products company's stock worth $337,000 after purchasing an additional 1,487 shares in the last quarter. Institutional investors own 89.08% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TKR. Bank of America upgraded shares of Timken from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $73.00 to $78.00 in a report on Tuesday, February 4th. The Goldman Sachs Group lowered their price objective on shares of Timken from $85.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday. Evercore ISI raised their target price on shares of Timken from $91.00 to $102.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Jefferies Financial Group reissued a "hold" rating and set a $70.00 price target (down previously from $90.00) on shares of Timken in a research report on Wednesday. Finally, Citigroup cut their price objective on Timken from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Timken currently has an average rating of "Moderate Buy" and a consensus price target of $88.82.

Insider Activity

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

Timken Stock Performance

TKR traded down $3.53 during trading on Friday, hitting $59.88. The stock had a trading volume of 1,855,316 shares, compared to its average volume of 533,465. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 1.51 and a beta of 1.37. The company has a 50 day moving average price of $77.42 and a 200-day moving average price of $78.01. The Timken Company has a one year low of $58.37 and a one year high of $94.71.

Timken (NYSE:TKR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts predict that The Timken Company will post 5.62 EPS for the current year.

Timken Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 25th were given a $0.34 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.27%. Timken's payout ratio is 27.25%.

Timken 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.