Semanteon Capital Management LP Buys Shares of 20,196 The Timken Company (NYSE:TKR)

Semanteon Capital Management LP purchased a new stake in The Timken Company (NYSE:TKR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,196 shares of the industrial products company's stock, valued at approximately $1,441,000.

Other hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC boosted its holdings in shares of Timken by 7.6% in the 3rd quarter. Natixis Advisors LLC now owns 31,637 shares of the industrial products company's stock valued at $2,667,000 after buying an additional 2,235 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Timken in the third quarter valued at $2,863,000. Segall Bryant & Hamill LLC grew its holdings in shares of 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 purchasing an additional 9,798 shares during the last quarter. Commerce Bank increased its position in shares of 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 purchasing an additional 310 shares in the last quarter. Finally, Howe & Rusling Inc. lifted its holdings in shares of Timken by 7.6% in the 3rd quarter. Howe & Rusling Inc. now owns 4,412 shares of the industrial products company's stock valued at $372,000 after purchasing an additional 311 shares during the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Timken Price Performance

Shares of TKR traded up $0.01 during mid-day trading on Tuesday, hitting $76.27. The company's stock had a trading volume of 861,870 shares, compared to its average volume of 498,360. The firm has a 50-day simple moving average of $78.25 and a 200 day simple moving average of $78.41. The Timken Company has a 1-year low of $69.35 and a 1-year high of $94.71. The firm has a market capitalization of $5.34 billion, a P/E ratio of 15.28, a P/E/G ratio of 1.51 and a beta of 1.37. The company has a current ratio of 3.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69.

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Timken (NYSE:TKR - Get Free Report) last issued its 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%. Analysts predict that The Timken Company will post 5.62 EPS for the current fiscal year.

Timken Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders 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 yield of 1.78%. Timken's dividend payout ratio (DPR) is presently 27.25%.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, CFO Philip D. Fracassa sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was 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 directly owns 90,541 shares of the company's stock, valued at $7,379,091.50. This trade represents a 5.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.