International Assets Investment Management LLC Increases Stake in The Timken Company (NYSE:TKR)

International Assets Investment Management LLC raised its holdings in The Timken Company (NYSE:TKR) by 8,327.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,854 shares of the industrial products company’s stock after buying an additional 1,832 shares during the period. International Assets Investment Management LLC’s holdings in Timken were worth $156,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TKR. Vanguard Group Inc. increased its stake in shares of Timken by 5.6% during the first quarter. Vanguard Group Inc. now owns 6,515,972 shares of the industrial products company’s stock worth $569,691,000 after buying an additional 347,794 shares during the period. Interval Partners LP purchased a new stake in shares of Timken in the 1st quarter valued at approximately $22,907,000. American Century Companies Inc. raised its holdings in shares of Timken by 4.8% in the 2nd quarter. American Century Companies Inc. now owns 2,817,294 shares of the industrial products company’s stock valued at $225,750,000 after purchasing an additional 128,791 shares in the last quarter. Kodai Capital Management LP purchased a new stake in shares of Timken during the 1st quarter worth $9,130,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Timken by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,104,910 shares of the industrial products company’s stock worth $168,667,000 after purchasing an additional 97,550 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Stock Down 2.8 %

TKR stock opened at $76.99 on Friday. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.90 and a beta of 1.43. The company has a fifty day moving average price of $82.56 and a 200 day moving average price of $83.82. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.95 and a quick ratio of 1.64. The Timken Company has a 12 month low of $70.15 and a 12 month high of $94.71.

Timken (NYSE:TKR) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.15). Timken had a net margin of 7.52% and a return on equity of 16.36%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the company posted $1.55 earnings per share. Timken’s quarterly revenue was down 1.4% on a year-over-year basis. Sell-side analysts expect that The Timken Company will post 6.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on TKR. KeyCorp cut their price target on Timken from $104.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday. Citigroup assumed coverage on Timken in a research report on Monday, October 14th. They set a “neutral” rating and a $90.00 target price on the stock. DA Davidson lowered their price target on Timken from $103.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday. Oppenheimer cut their price objective on shares of Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Evercore ISI lowered 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. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $89.60.

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.