30,600 Shares in The Timken Company (NYSE:TKR) Purchased by Skylands Capital LLC

Skylands Capital LLC acquired a new position in The Timken Company (NYSE:TKR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 30,600 shares of the industrial products company's stock, valued at approximately $2,184,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC increased its stake in Timken by 34.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,700,979 shares of the industrial products company's stock worth $143,376,000 after purchasing an additional 434,800 shares in the last quarter. Verition Fund Management LLC lifted its stake in Timken by 3,179.1% during the third quarter. Verition Fund Management LLC now owns 193,858 shares of the industrial products company's stock valued at $16,340,000 after buying an additional 187,946 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Timken by 4.2% in the third quarter. Thrivent Financial for Lutherans now owns 2,679,790 shares of the industrial products company's stock worth $225,880,000 after buying an additional 107,350 shares during the period. Royce & Associates LP increased its position in shares of Timken by 73.2% in the third quarter. Royce & Associates LP now owns 190,456 shares of the industrial products company's stock worth $16,054,000 after acquiring an additional 80,513 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Timken by 3.5% during the third quarter. State Street Corp now owns 1,953,838 shares of the industrial products company's stock valued at $164,689,000 after acquiring an additional 66,208 shares during the period. 89.08% of the stock is currently owned by institutional investors.

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Timken Stock Down 1.2 %

TKR traded down $0.94 during midday trading on Thursday, hitting $79.22. 431,319 shares of the company's stock traded hands, compared to its average volume of 676,840. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61. The company has a market cap of $5.55 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.51 and a beta of 1.39. The Timken Company has a one year low of $69.35 and a one year high of $94.71. The stock's fifty day simple moving average is $77.14 and its 200-day simple moving average is $79.31.

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 (EPS) for the quarter, beating 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%. As a group, equities analysts anticipate that The Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Tuesday, February 25th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Tuesday, February 25th. Timken's payout ratio is 27.25%.

Insider Activity at Timken

In related news, CFO Philip D. Fracassa sold 5,000 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now directly owns 90,541 shares in the company, valued at approximately $7,379,091.50. This trade represents a 5.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Timken from $93.00 to $94.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Bank of America raised Timken from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $73.00 to $78.00 in a research report on Tuesday, February 4th. Citigroup dropped their price target on Timken from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. DA Davidson decreased their price objective on Timken from $103.00 to $99.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Finally, Oppenheimer dropped their target price on Timken from $102.00 to $97.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.70.

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.