UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $16.26 Million Position in The Timken Company (NYSE:TKR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in The Timken Company (NYSE:TKR - Free Report) by 6.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 192,906 shares of the industrial products company's stock after selling 14,366 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.28% of Timken worth $16,260,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Coastline Trust Co acquired a new position in Timken during the third quarter worth about $29,000. Livelsberger Financial Advisory purchased a new position in Timken in the 3rd quarter worth about $32,000. UMB Bank n.a. increased its stake in Timken by 64.1% in the 3rd quarter. UMB Bank n.a. now owns 430 shares of the industrial products company's stock worth $36,000 after purchasing an additional 168 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Timken in the 2nd quarter worth about $44,000. Finally, Brooklyn Investment Group purchased a new position in Timken in the 3rd quarter worth about $74,000. 89.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Richard G. Kyle sold 30,000 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $76.59, for a total value of $2,297,700.00. Following the completion of the sale, the director now directly owns 194,485 shares in the company, valued at approximately $14,895,606.15. The trade was a 13.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.70% of the stock is owned by corporate insiders.

Timken Stock Up 0.3 %

Shares of Timken stock traded up $0.23 during trading on Friday, hitting $76.34. 728,664 shares of the stock traded hands, compared to its average volume of 485,605. The stock has a market cap of $5.35 billion, a P/E ratio of 15.88, a PEG ratio of 1.15 and a beta of 1.38. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.62 and a current ratio of 3.00. The Timken Company has a twelve month low of $72.35 and a twelve month high of $94.71. The company has a fifty day moving average price of $80.28 and a two-hundred day moving average price of $81.91.

Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.15). The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. Timken had a net margin of 7.41% and a return on equity of 14.82%. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.55 earnings per share. Equities research analysts predict that The Timken Company will post 5.61 EPS for the current fiscal year.

Timken Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Tuesday, November 19th were issued a dividend of $0.34 per share. The ex-dividend date was Tuesday, November 19th. This represents a $1.36 annualized dividend and a dividend yield of 1.78%. Timken's dividend payout ratio is 28.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TKR shares. Oppenheimer dropped their price target on Timken from $102.00 to $97.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Evercore ISI raised Timken from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $87.00 to $91.00 in a research note on Wednesday, November 13th. KeyCorp reissued a "sector weight" rating on shares of Timken in a research note on Friday, November 22nd. Jefferies Financial Group raised Timken from a "hold" rating to a "buy" rating and lifted their price target for the stock from $80.00 to $95.00 in a research note on Friday. Finally, Citigroup assumed coverage on Timken in a research note on Monday, October 14th. They set a "neutral" rating and a $90.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $91.00.

Timken Company 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.