Segall Bryant & Hamill LLC Grows Position in The Timken Company (NYSE:TKR)

Segall Bryant & Hamill LLC grew its position in The Timken Company (NYSE:TKR - Free Report) by 7.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 150,443 shares of the industrial products company's stock after acquiring an additional 9,798 shares during the period. Segall Bryant & Hamill LLC owned 0.21% of Timken worth $12,681,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TKR. Vanguard Group Inc. lifted its holdings in shares of Timken by 5.6% during the first quarter. Vanguard Group Inc. now owns 6,515,972 shares of the industrial products company's stock worth $569,691,000 after purchasing an additional 347,794 shares during the period. Westwood Holdings Group Inc. boosted its holdings in Timken by 19.2% in the first quarter. Westwood Holdings Group Inc. now owns 231,022 shares of the industrial products company's stock valued at $20,198,000 after acquiring an additional 37,232 shares during the last quarter. BOKF NA increased its position in Timken by 2.3% during the 1st quarter. BOKF NA now owns 12,369 shares of the industrial products company's stock valued at $1,087,000 after purchasing an additional 275 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Timken by 1.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,317 shares of the industrial products company's stock worth $7,810,000 after purchasing an additional 1,667 shares during the period. Finally, Kodai Capital Management LP bought a new stake in shares of Timken in the 1st quarter valued at $9,130,000. Institutional investors own 89.08% of the company's stock.

Analyst Upgrades and Downgrades

TKR has been the topic of several recent analyst reports. KeyCorp dropped their target price on shares of Timken from $104.00 to $90.00 and set an "overweight" rating on the stock in a report on Wednesday, November 6th. Citigroup started coverage on shares of Timken in a research report on Monday, October 14th. They set a "neutral" rating and a $90.00 price objective for the company. DA Davidson reduced their price target on shares of Timken from $103.00 to $99.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Oppenheimer dropped their price objective on shares of Timken from $102.00 to $97.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Finally, Evercore ISI raised Timken from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $87.00 to $91.00 in a research note on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Timken currently has an average rating of "Hold" and a consensus target price of $90.00.

Timken Price Performance

Timken stock opened at $73.94 on Thursday. The company has a quick ratio of 1.62, a current ratio of 3.00 and a debt-to-equity ratio of 0.71. The stock has a market cap of $5.18 billion, a P/E ratio of 15.37, a P/E/G ratio of 1.09 and a beta of 1.43. The company's 50 day moving average price is $81.60 and its two-hundred day moving average price is $83.05. The Timken Company has a 52 week low of $71.57 and a 52 week high of $94.71.

Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by ($0.15). Timken had a net margin of 7.41% and a return on equity of 14.82%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company earned $1.55 EPS. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts predict that The Timken Company will post 5.61 earnings per share for the current year.

Timken Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th will be given a dividend of $0.34 per share. The ex-dividend date is Tuesday, November 19th. This represents a $1.36 annualized dividend and a yield of 1.84%. Timken's payout ratio is 28.27%.

Insider Activity

In other Timken news, Director Richard G. Kyle sold 30,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $76.59, for a total transaction of $2,297,700.00. Following the transaction, the director now owns 194,485 shares in the company, valued at approximately $14,895,606.15. This represents a 13.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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.