43,453 Shares in The Timken Company (NYSE:TKR) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in The Timken Company (NYSE:TKR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 43,453 shares of the industrial products company's stock, valued at approximately $3,101,000. Proficio Capital Partners LLC owned about 0.06% of Timken at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Natixis Advisors LLC increased its holdings in Timken by 7.6% during the third quarter. Natixis Advisors LLC now owns 31,637 shares of the industrial products company's stock worth $2,667,000 after buying an additional 2,235 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Timken during the third quarter worth about $2,863,000. Segall Bryant & Hamill LLC increased its holdings in Timken by 7.0% during the third quarter. Segall Bryant & Hamill LLC now owns 150,443 shares of the industrial products company's stock worth $12,681,000 after buying an additional 9,798 shares during the last quarter. Commerce Bank increased its holdings in Timken by 5.5% during the third quarter. Commerce Bank now owns 5,994 shares of the industrial products company's stock worth $505,000 after buying an additional 310 shares during the last quarter. Finally, Howe & Rusling Inc. increased its holdings in Timken by 7.6% during the third quarter. Howe & Rusling Inc. now owns 4,412 shares of the industrial products company's stock worth $372,000 after buying an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TKR. KeyCorp reiterated a "sector weight" rating on shares of Timken in a research note on Friday, November 22nd. Evercore ISI lifted their target price 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. Jefferies Financial Group upgraded shares of Timken from a "hold" rating to a "buy" rating and lifted their target price for the stock from $80.00 to $95.00 in a research note on Friday, December 6th. Morgan Stanley lifted their target price on shares of Timken from $93.00 to $94.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Finally, Citigroup reduced their target price on shares of Timken from $90.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Timken has an average rating of "Moderate Buy" and an average target price of $92.70.

Timken Price Performance

Timken stock traded down $0.34 during mid-day trading on Friday, hitting $74.35. 1,086,028 shares of the company traded hands, compared to its average volume of 498,208. The Timken Company has a one year low of $69.35 and a one year high of $94.71. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 1.51 and a beta of 1.37. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 3.07. The stock has a fifty day moving average price of $78.21 and a 200-day moving average price of $78.46.

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 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%. On average, equities analysts predict that The Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 25th were issued 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 1.83%. Timken's payout ratio is 27.25%.

Insider Transactions at Timken

In other news, CFO Philip D. Fracassa sold 5,000 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $81.50, for a total value of $407,500.00. Following the completion of the sale, the chief financial officer now directly owns 90,541 shares in the company, valued at approximately $7,379,091.50. The trade was a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.