Edmp Inc. Sells 226 Shares of The Timken Company (NYSE:TKR)

Edmp Inc. reduced its stake in shares of The Timken Company (NYSE:TKR) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,593 shares of the industrial products company’s stock after selling 226 shares during the period. Edmp Inc.’s holdings in Timken were worth $399,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC raised its holdings in Timken by 34.3% during 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 during the last quarter. Verition Fund Management LLC grew 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 worth $16,340,000 after purchasing an additional 187,946 shares during the period. 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 worth $225,880,000 after buying an additional 107,350 shares in the last quarter. Royce & Associates LP increased its stake in shares of Timken by 73.2% in the 3rd quarter. Royce & Associates LP now owns 190,456 shares of the industrial products company’s stock valued at $16,054,000 after acquiring an additional 80,513 shares in the last quarter. Finally, State Street Corp boosted its stake in Timken by 3.5% during the third quarter. State Street Corp now owns 1,953,838 shares of the industrial products company’s stock worth $164,689,000 after acquiring an additional 66,208 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TKR. DA Davidson lowered their target price on Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Citigroup dropped their target price on shares of Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Evercore ISI raised shares of 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 report on Wednesday, November 13th. KeyCorp reissued a “sector weight” rating on shares of Timken in a report on Friday, November 22nd. Finally, Morgan Stanley upgraded shares of Timken from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $82.00 to $93.00 in a research report on Tuesday, December 17th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $91.50.

Timken Trading Down 0.4 %

NYSE:TKR opened at $81.51 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 3.07 and a debt-to-equity ratio of 0.69. The Timken Company has a 52 week low of $69.35 and a 52 week high of $94.71. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.21 and a beta of 1.39. The firm has a 50 day moving average of $75.55 and a 200 day moving average of $79.35.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates 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, sell-side analysts anticipate that The Timken Company will post 5.6 earnings per share for the current fiscal year.

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.