The Timken Company (NYSE:TKR) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of The Timken Company (NYSE:TKR - Free Report) by 418.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 882,156 shares of the industrial products company's stock after purchasing an additional 711,979 shares during the period. Victory Capital Management Inc. owned about 1.26% of Timken worth $62,959,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Thrivent Financial for Lutherans boosted its holdings in shares of Timken by 4.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,679,790 shares of the industrial products company's stock valued at $225,880,000 after purchasing an additional 107,350 shares during the last quarter. State Street Corp increased its position in shares of Timken by 3.5% during the 3rd quarter. State Street Corp now owns 1,953,838 shares of the industrial products company's stock valued at $164,689,000 after purchasing an additional 66,208 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 434,800 shares during the last quarter. Geode Capital Management LLC lifted its stake in Timken by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,073,123 shares of the industrial products company's stock worth $90,477,000 after purchasing an additional 5,970 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Timken by 4.0% during the 4th quarter. Principal Financial Group Inc. now owns 783,560 shares of the industrial products company's stock valued at $55,928,000 after acquiring an additional 30,411 shares during the period. 89.08% of the stock is owned by hedge funds and other institutional investors.

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Timken Trading Down 2.3 %

Shares of Timken stock traded down $1.79 on Monday, reaching $75.27. The company had a trading volume of 63,123 shares, compared to its average volume of 651,967. The firm's 50 day moving average price is $77.78 and its two-hundred day moving average price is $79.04. 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 Timken Company has a 52-week low of $69.35 and a 52-week high of $94.71. The firm has a market cap of $5.27 billion, a PE ratio of 15.13, a PEG ratio of 1.51 and a beta of 1.37.

Timken (NYSE:TKR - Get Free Report) last released 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%. Sell-side analysts predict that The Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors 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 annualized dividend and a yield of 1.81%. Timken's dividend payout ratio is currently 27.25%.

Analyst Ratings Changes

Several research analysts recently issued reports on TKR shares. Bank of America raised Timken from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $73.00 to $78.00 in a research note on Tuesday, February 4th. KeyCorp restated a "sector weight" rating on shares of Timken in a report on Friday, November 22nd. Citigroup decreased their target price on shares of Timken from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Morgan Stanley upped their price target on Timken from $93.00 to $94.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Finally, Jefferies Financial Group raised Timken from a "hold" rating to a "buy" rating and upped their target price for the company from $80.00 to $95.00 in a research report on Friday, December 6th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Timken has a consensus rating of "Moderate Buy" and an average target price of $92.70.

Insider Activity at Timken

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of the company'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 transaction, the chief financial officer now directly owns 90,541 shares of the company's stock, valued at $7,379,091.50. This represents a 5.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company 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.