The Timken Company (NYSE:TKR) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in The Timken Company (NYSE:TKR) by 0.5% in the 4th quarter, Holdings Channel reports. The firm owned 31,107 shares of the industrial products company’s stock after selling 151 shares during the period. Yousif Capital Management LLC’s holdings in Timken were worth $2,493,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TKR. GAMMA Investing LLC purchased a new stake in shares of Timken in the 4th quarter valued at $35,000. Anchor Investment Management LLC purchased a new stake in Timken during the fourth quarter worth about $58,000. CWM LLC lifted its position in shares of Timken by 50.0% during the third quarter. CWM LLC now owns 906 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 302 shares in the last quarter. Amica Retiree Medical Trust purchased a new position in shares of Timken in the third quarter valued at approximately $75,000. Finally, Ramirez Asset Management Inc. purchased a new position in shares of Timken in the third quarter valued at approximately $81,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Price Performance

Shares of TKR opened at $86.68 on Tuesday. The firm has a fifty day moving average price of $85.43 and a 200 day moving average price of $79.59. The stock has a market cap of $6.10 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.18 and a beta of 1.54. The Timken Company has a 1-year low of $65.71 and a 1-year high of $95.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 0.96.

Timken (NYSE:TKR) last released its quarterly earnings results on Monday, February 5th. The industrial products company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.22 by $0.15. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. Timken had a return on equity of 19.57% and a net margin of 8.26%. The firm’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 earnings per share. As a group, sell-side analysts anticipate that The Timken Company will post 6.02 EPS for the current year.

Timken Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Friday, February 16th. Timken’s payout ratio is currently 24.18%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Evercore ISI downgraded shares of Timken from an “outperform” rating to an “in-line” rating and set a $84.00 target price on the stock. in a research note on Tuesday, February 20th. Oppenheimer reissued an “outperform” rating and set a $100.00 target price (up from $97.00) on shares of Timken in a research note on Thursday, March 21st. DA Davidson initiated coverage on Timken in a report on Tuesday, January 23rd. They set a “buy” rating and a $92.00 price target on the stock. StockNews.com lowered shares of Timken from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, The Goldman Sachs Group increased their price objective on shares of Timken from $78.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $85.90.

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.