The Timken Company (NYSE:TKR) Position Lifted by Southernsun Asset Management LLC

Southernsun Asset Management LLC boosted its stake in The Timken Company (NYSE:TKR - Free Report) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 520,324 shares of the industrial products company's stock after acquiring an additional 21,158 shares during the period. Timken accounts for 4.6% of Southernsun Asset Management LLC's investment portfolio, making the stock its 9th largest holding. Southernsun Asset Management LLC owned about 0.74% of Timken worth $37,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of TKR. MML Investors Services LLC boosted its holdings in shares of Timken by 3.8% during the 3rd quarter. MML Investors Services LLC now owns 5,790 shares of the industrial products company's stock worth $488,000 after buying an additional 212 shares in the last quarter. Barclays PLC increased its holdings in shares of Timken by 221.6% during the third quarter. Barclays PLC now owns 86,667 shares of the industrial products company's stock valued at $7,307,000 after acquiring an additional 59,716 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Timken during the third quarter worth approximately $409,000. Wilmington Savings Fund Society FSB bought a new position in shares of Timken in the 3rd quarter worth $172,000. Finally, Synovus Financial Corp increased its stake in Timken by 5.4% during the 3rd quarter. Synovus Financial Corp now owns 8,286 shares of the industrial products company's stock valued at $698,000 after purchasing an additional 423 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Trading Up 0.1 %

Shares of NYSE TKR traded up $0.04 during mid-day trading on Friday, hitting $65.03. The stock had a trading volume of 376,169 shares, compared to its average volume of 555,930. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 3.07. The business has a 50 day moving average price of $70.55 and a two-hundred day moving average price of $75.36. The firm has a market cap of $4.55 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. The Timken Company has a 1 year low of $56.20 and a 1 year high of $94.71.

Timken (NYSE:TKR - Get Free Report) last issued its quarterly earnings data 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 analysts anticipate 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 dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Tuesday, February 25th. Timken's payout ratio is currently 27.25%.

Analyst Ratings Changes

Several brokerages recently weighed in on TKR. Jefferies Financial Group reaffirmed a "hold" rating and issued a $70.00 price target (down previously from $90.00) on shares of Timken in a research report on Wednesday, April 2nd. Loop Capital lowered their price objective on shares of Timken from $85.00 to $65.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Bank of America upgraded 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 research note on Tuesday, February 4th. DA Davidson reiterated a "neutral" rating and set a $66.00 price target (down previously from $97.00) on shares of Timken in a research note on Monday. Finally, Morgan Stanley lowered their price objective on Timken from $94.00 to $88.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $81.91.

Insiders Place Their Bets

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of the business'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 sale, the chief financial officer now owns 90,541 shares in the company, valued at $7,379,091.50. The trade was a 5.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.70% of the company's stock.

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.