Security National Bank of SO Dak Has $1.86 Million Holdings in The Timken Company (NYSE:TKR)

Security National Bank of SO Dak lifted its holdings in The Timken Company (NYSE:TKR) by 3.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,233 shares of the industrial products company’s stock after acquiring an additional 805 shares during the period. Security National Bank of SO Dak’s holdings in Timken were worth $1,862,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fidelis Capital Partners LLC bought a new stake in Timken during the first quarter worth about $26,000. Livelsberger Financial Advisory bought a new stake in Timken during the fourth quarter worth about $30,000. Versant Capital Management Inc bought a new stake in Timken during the second quarter worth about $30,000. EverSource Wealth Advisors LLC lifted its position in Timken by 1,905.6% during the first quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 343 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Timken during the second quarter worth about $44,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TKR shares. Raymond James started coverage on shares of Timken in a research report on Friday, June 28th. They set a “market perform” rating for the company. Evercore ISI dropped their target price on shares of Timken from $94.00 to $87.00 and set an “in-line” rating for the company in a report on Monday, August 19th. Finally, DA Davidson reissued a “buy” rating and issued a $103.00 target price on shares of Timken in a report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $89.18.

Insider Transactions at Timken

In other news, CEO Richard G. Kyle sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $80.46, for a total transaction of $2,413,800.00. Following the completion of the sale, the chief executive officer now owns 244,485 shares of the company’s stock, valued at approximately $19,671,263.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.70% of the company’s stock.

Timken Stock Performance

NYSE:TKR opened at $84.79 on Friday. The company has a market capitalization of $5.95 billion, a PE ratio of 16.15, a P/E/G ratio of 1.80 and a beta of 1.44. The company has a 50 day simple moving average of $82.28 and a two-hundred day simple moving average of $84.45. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 2.95. The Timken Company has a fifty-two week low of $65.71 and a fifty-two week high of $94.71.

Timken (NYSE:TKR) last released its earnings results on Wednesday, July 31st. The industrial products company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.03. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. Timken had a net margin of 7.52% and a return on equity of 16.36%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.01 EPS. Research analysts anticipate that The Timken Company will post 6.11 earnings per share for the current year.

Timken Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Tuesday, August 20th. Timken’s dividend payout ratio (DPR) is 25.90%.

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.