Segall Bryant & Hamill LLC Reduces Stock Holdings in The Timken Company (NYSE:TKR)

Segall Bryant & Hamill LLC reduced its position in The Timken Company (NYSE:TKR - Free Report) by 12.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,511 shares of the industrial products company's stock after selling 18,932 shares during the quarter. Segall Bryant & Hamill LLC owned 0.19% of Timken worth $9,386,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of TKR. Fairway Wealth LLC purchased a new stake in shares of Timken during the fourth quarter valued at approximately $29,000. Amundi boosted its position in Timken by 25.8% during the 4th quarter. Amundi now owns 848 shares of the industrial products company's stock valued at $61,000 after buying an additional 174 shares during the period. Brooklyn Investment Group bought a new stake in shares of Timken in the third quarter worth about $74,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Timken in the 4th quarter worth approximately $109,000. Finally, AlphaQuest LLC raised its holdings in shares of Timken by 25,983.3% during the fourth 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. 89.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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Timken Stock Down 0.1 %

Timken stock traded down $0.05 during mid-day trading on Monday, reaching $71.92. The stock had a trading volume of 526,471 shares, compared to its average volume of 515,314. The Timken Company has a one year low of $69.35 and a one year high of $94.71. The company has a 50-day moving average price of $77.98 and a two-hundred day moving average price of $78.24. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 1.51 and a beta of 1.37. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61.

Timken (NYSE:TKR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, topping 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, analysts expect that The Timken Company will post 5.62 EPS for the current fiscal year.

Timken Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Tuesday, February 25th. Timken's payout ratio is currently 27.25%.

Insider Activity

In related news, CFO Philip D. Fracassa sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 90,541 shares in the company, valued at $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. Corporate insiders own 8.70% of the company's stock.

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.