Shelton Capital Management Has $1.18 Million Stock Holdings in The Timken Company (NYSE:TKR)

Shelton Capital Management lessened its holdings in shares of The Timken Company (NYSE:TKR - Free Report) by 49.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,508 shares of the industrial products company's stock after selling 16,276 shares during the period. Shelton Capital Management's holdings in Timken were worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fairway Wealth LLC acquired a new position in shares of Timken in the 4th quarter valued at $29,000. Amundi raised its stake 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 purchasing an additional 174 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Timken in the fourth quarter valued at $109,000. AlphaQuest LLC boosted its position in shares of Timken by 25,983.3% in the fourth quarter. AlphaQuest LLC now owns 1,565 shares of the industrial products company's stock worth $112,000 after buying an additional 1,559 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Timken by 88.3% during the fourth quarter. Blue Trust Inc. now owns 1,877 shares of the industrial products company's stock valued at $134,000 after buying an additional 880 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group reiterated a "hold" rating and issued a $70.00 target price (down previously from $90.00) on shares of Timken in a research report on Wednesday, April 2nd. Citigroup lowered their target price on Timken from $95.00 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group reduced their price target on Timken from $85.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Bank of America upgraded shares of Timken from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $73.00 to $78.00 in a research note on Tuesday, February 4th. Finally, Evercore ISI increased their price objective on Timken from $91.00 to $102.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Timken presently has a consensus rating of "Moderate Buy" and an average target price of $87.45.

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Insider Buying and Selling

In other news, CFO Philip D. Fracassa sold 5,000 shares of the company'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 transaction of $407,500.00. Following the completion of the sale, the chief financial officer now owns 90,541 shares of the company's stock, valued at approximately $7,379,091.50. This represents a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.70% of the stock is currently owned by company insiders.

Timken Stock Up 0.8 %

Shares of NYSE:TKR traded up $0.47 during midday trading on Tuesday, reaching $62.36. The company had a trading volume of 185,680 shares, compared to its average volume of 549,520. The business's 50 day moving average price is $74.17 and its 200 day moving average price is $76.56. The Timken Company has a 1-year low of $56.20 and a 1-year 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. The stock has a market cap of $4.37 billion, a PE ratio of 12.50, a P/E/G ratio of 1.51 and a beta of 1.28.

Timken (NYSE:TKR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share 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%. Research analysts forecast that The Timken Company will post 5.62 EPS for the current fiscal year.

Timken Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 25th were given a $0.34 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.18%. Timken's payout ratio 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.