Sei Investments Co. Increases Holdings in The Timken Company (NYSE:TKR)

Sei Investments Co. boosted its holdings in shares of The Timken Company (NYSE:TKR - Free Report) by 33.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 616,130 shares of the industrial products company's stock after buying an additional 153,698 shares during the quarter. Sei Investments Co. owned approximately 0.88% of Timken worth $43,973,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in shares of Timken by 418.4% in the 4th quarter. Victory Capital Management Inc. now owns 882,156 shares of the industrial products company's stock worth $62,959,000 after purchasing an additional 711,979 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Timken by 34.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,700,979 shares of the industrial products company's stock worth $143,376,000 after buying an additional 434,800 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Timken by 11.3% in the fourth quarter. American Century Companies Inc. now owns 3,158,690 shares of the industrial products company's stock worth $225,436,000 after buying an additional 320,354 shares during the period. Royce & Associates LP lifted its position in shares of Timken by 108.9% during the 4th quarter. Royce & Associates LP now owns 397,895 shares of the industrial products company's stock valued at $28,398,000 after buying an additional 207,439 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Timken during the 4th quarter valued at approximately $14,460,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

TKR has been the topic of several analyst reports. Bank of America raised shares of Timken from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $73.00 to $78.00 in a report on Tuesday, February 4th. Jefferies Financial Group raised shares of Timken from a "hold" rating to a "buy" rating and upped their target price for the stock from $80.00 to $95.00 in a report on Friday, December 6th. Citigroup decreased their price target on Timken from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Evercore ISI upped their price objective on Timken from $91.00 to $102.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Finally, Morgan Stanley lifted their target price on Timken from $93.00 to $94.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Timken has a consensus rating of "Moderate Buy" and an average target price of $92.70.

Timken Trading Down 2.5 %

NYSE:TKR traded down $1.84 during mid-day trading on Friday, hitting $71.95. 453,294 shares of the stock traded hands, compared to its average volume of 515,269. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 1.51 and a beta of 1.37. The firm's 50 day moving average is $78.17 and its two-hundred day moving average is $78.35. The Timken Company has a 52 week low of $69.35 and a 52 week high of $94.71. The company has a quick ratio of 1.61, a current ratio of 3.07 and a debt-to-equity ratio of 0.69.

Timken (NYSE:TKR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.16 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, equities research analysts predict that The Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 25th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Tuesday, February 25th. Timken's dividend payout ratio (DPR) is presently 27.25%.

Insiders Place Their Bets

In related 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 transaction, the chief financial officer now owns 90,541 shares of the company's stock, valued at $7,379,091.50. The trade was a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.70% of the stock is owned by company insiders.

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.