UBS Group AG Has $20.66 Million Stock Holdings in The Timken Company (NYSE:TKR)

UBS Group AG raised its holdings in The Timken Company (NYSE:TKR – Get Rating) by 27.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 292,311 shares of the industrial products company’s stock after buying an additional 62,936 shares during the period. UBS Group AG owned about 0.40% of Timken worth $20,658,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. CWM LLC raised its stake in Timken by 39.8% in the fourth quarter. CWM LLC now owns 481 shares of the industrial products company’s stock valued at $34,000 after buying an additional 137 shares during the period. Symphony Financial Ltd. Co. increased its stake in shares of Timken by 2.0% during the fourth quarter. Symphony Financial Ltd. Co. now owns 7,243 shares of the industrial products company’s stock worth $514,000 after purchasing an additional 141 shares during the period. Kovitz Investment Group Partners LLC increased its stake in shares of Timken by 1.0% during the third quarter. Kovitz Investment Group Partners LLC now owns 13,908 shares of the industrial products company’s stock worth $821,000 after purchasing an additional 144 shares during the period. Royal Fund Management LLC increased its stake in shares of Timken by 1.3% during the fourth quarter. Royal Fund Management LLC now owns 11,564 shares of the industrial products company’s stock worth $817,000 after purchasing an additional 146 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Timken by 8.4% during the third quarter. IFP Advisors Inc now owns 2,159 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 167 shares during the period. Institutional investors own 82.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded Timken from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 11th. Evercore ISI lowered their target price on Timken from $89.00 to $83.00 in a research note on Tuesday, May 9th. KeyCorp increased their target price on Timken from $88.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 7th. Oppenheimer raised their price objective on Timken from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 7th. Finally, Morgan Stanley raised their price objective on Timken from $83.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 7th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Timken presently has a consensus rating of “Moderate Buy” and an average price target of $90.78.

Timken Trading Up 1.8 %

Shares of TKR stock opened at $76.57 on Friday. The stock’s fifty day moving average price is $77.10 and its two-hundred day moving average price is $76.98. The company has a market cap of $5.54 billion, a PE ratio of 13.70, a P/E/G ratio of 0.86 and a beta of 1.54. The Timken Company has a fifty-two week low of $50.85 and a fifty-two week high of $89.40. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.47 and a current ratio of 2.76.

Timken (NYSE:TKR – Get Rating) last issued its earnings results on Wednesday, May 3rd. The industrial products company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.24. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. Timken had a return on equity of 20.72% and a net margin of 8.88%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 EPS. Equities analysts predict that The Timken Company will post 7.3 EPS for the current fiscal year.

Timken Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 30th. Investors of record on Tuesday, May 16th will be issued a dividend of $0.33 per share. This is an increase from Timken’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Monday, May 15th. This represents a $1.32 annualized dividend and a dividend yield of 1.72%. Timken’s dividend payout ratio (DPR) is 23.61%.

Insider Activity at Timken

In related news, CEO Richard G. Kyle sold 24,851 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $73.74, for a total transaction of $1,832,512.74. Following the sale, the chief executive officer now owns 383,082 shares of the company’s stock, valued at approximately $28,248,466.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Richard G. Kyle sold 23,232 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $73.77, for a total transaction of $1,713,824.64. Following the completion of the transaction, the chief executive officer now directly owns 383,082 shares of the company’s stock, valued at approximately $28,259,959.14. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard G. Kyle sold 24,851 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $73.74, for a total value of $1,832,512.74. Following the transaction, the chief executive officer now directly owns 383,082 shares of the company’s stock, valued at $28,248,466.68. The disclosure for this sale can be found here. Insiders have sold a total of 72,924 shares of company stock valued at $5,681,918 in the last 90 days. 9.89% of the stock is owned by corporate insiders.

Timken Company Profile

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The Timken Co engages in the engineering, manufacturing, and marketing of bearings and industrial motion products. In addition to bearings, it offers drives, belts, chains, lubrication systems, couplings, industrial clutches, and brakes. It operates through the Mobile and Process Industries segments.