Quantbot Technologies LP Acquires 15,763 Shares of The Timken Company (NYSE:TKR)

Quantbot Technologies LP boosted its position in The Timken Company (NYSE:TKR - Free Report) by 114.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,567 shares of the industrial products company's stock after buying an additional 15,763 shares during the period. Quantbot Technologies LP's holdings in Timken were worth $2,110,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC bought a new position in shares of Timken in the 4th quarter worth about $29,000. Amundi increased its holdings in Timken by 25.8% in the fourth quarter. Amundi now owns 848 shares of the industrial products company's stock worth $61,000 after purchasing an additional 174 shares in the last quarter. Brooklyn Investment Group acquired a new position in Timken in the third quarter valued at approximately $74,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Timken during the 4th quarter worth approximately $109,000. Finally, AlphaQuest LLC increased its stake in shares of Timken by 25,983.3% in the 4th quarter. AlphaQuest LLC now owns 1,565 shares of the industrial products company's stock valued at $112,000 after acquiring an additional 1,559 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup lowered their target price on Timken from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Bank of America upgraded shares of Timken from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $73.00 to $78.00 in a report on Tuesday, February 4th. Evercore ISI lifted their price objective on shares of Timken from $91.00 to $102.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Morgan Stanley upped their target price on shares of Timken from $93.00 to $94.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Finally, Jefferies Financial Group upgraded Timken from a "hold" rating to a "buy" rating and lifted their price target for the company from $80.00 to $95.00 in a research note on Friday, December 6th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $92.70.

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Insiders Place Their Bets

In other news, CFO Philip D. Fracassa sold 5,000 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now owns 90,541 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Company insiders own 8.70% of the company's stock.

Timken Stock Performance

Timken stock traded down $0.37 during mid-day trading on Tuesday, reaching $75.90. 261,069 shares of the company's stock were exchanged, compared to its average volume of 498,360. The firm has a market capitalization of $5.31 billion, a PE ratio of 15.21, a P/E/G ratio of 1.51 and a beta of 1.37. The company has a quick ratio of 1.61, a current ratio of 3.07 and a debt-to-equity ratio of 0.69. The business's fifty day simple moving average is $78.25 and its 200 day simple moving average is $78.41. The Timken Company has a one year low of $69.35 and a one year high of $94.71.

Timken (NYSE:TKR - Get Free Report) last posted its quarterly 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%. On average, sell-side analysts expect that The Timken Company will post 5.62 earnings per share for the current year.

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.79%. The ex-dividend date was Tuesday, February 25th. Timken's dividend payout ratio (DPR) 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.