Inceptionr LLC Takes Position in The Timken Company (NYSE:TKR)

Inceptionr LLC bought a new position in The Timken Company (NYSE:TKR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,524 shares of the industrial products company’s stock, valued at approximately $751,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coastline Trust Co bought a new position in Timken in the third quarter worth $29,000. Brooklyn Investment Group bought a new position in Timken in the third quarter worth $74,000. Venturi Wealth Management LLC lifted its position in Timken by 230.7% in the third quarter. Venturi Wealth Management LLC now owns 1,088 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 759 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in Timken in the fourth quarter worth $109,000. Finally, Covestor Ltd lifted its position in Timken by 20.0% in the third quarter. Covestor Ltd now owns 1,786 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 298 shares during the period. 89.08% of the stock is owned by institutional investors.

Timken Stock Performance

Shares of NYSE:TKR opened at $77.02 on Friday. The Timken Company has a twelve month low of $69.35 and a twelve month high of $94.71. The firm has a market cap of $5.39 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 1.51 and a beta of 1.37. 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 fifty day moving average of $77.67 and a 200-day moving average of $79.14.

Timken (NYSE:TKR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. Timken had a return on equity of 13.93% and a net margin of 7.71%. On average, equities research analysts predict that The Timken Company will post 5.62 EPS for the current fiscal year.

Timken Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 25th were given a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.36 dividend on an annualized basis and a yield of 1.77%. Timken’s payout ratio is 27.25%.

Wall Street Analyst Weigh In

TKR has been the subject of several research reports. Morgan Stanley raised their target price on Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Evercore ISI lifted 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. Bank of America raised Timken from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $73.00 to $78.00 in a report on Tuesday, February 4th. Citigroup cut their price objective on Timken from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Jefferies Financial Group raised Timken from a “hold” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $95.00 in a report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $92.70.

Insider Buying and Selling

In related news, CFO Philip D. Fracassa sold 5,000 shares of Timken stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $81.50, for a total value of $407,500.00. Following the completion of the sale, the chief financial officer now directly owns 90,541 shares in the company, valued at $7,379,091.50. This trade represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.70% of the company’s stock.

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.