Captrust Financial Advisors Has $412,000 Holdings in The Timken Company (NYSE:TKR)

Captrust Financial Advisors trimmed its stake in shares of The Timken Company (NYSE:TKR) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,766 shares of the industrial products company’s stock after selling 456 shares during the period. Captrust Financial Advisors’ holdings in Timken were worth $412,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in shares of Timken in the 4th quarter valued at about $29,000. Amundi grew its position in Timken by 25.8% in the fourth quarter. Amundi now owns 848 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 174 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in Timken in the 4th quarter valued at $66,000. Kohmann Bosshard Financial Services LLC bought a new stake in Timken during the 4th quarter worth about $109,000. Finally, AlphaQuest LLC boosted its stake in shares of Timken by 25,983.3% during the 4th quarter. AlphaQuest LLC now owns 1,565 shares of the industrial products company’s stock worth $112,000 after buying an additional 1,559 shares during the last quarter. 89.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TKR has been the subject of several analyst reports. Evercore ISI decreased their target price on shares of Timken from $102.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday. Jefferies Financial Group restated a “hold” rating and set a $70.00 price objective (down from $90.00) on shares of Timken in a research note on Wednesday, April 2nd. Morgan Stanley reduced their price target on Timken from $94.00 to $88.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Bank of America upgraded Timken from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $73.00 to $78.00 in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group reduced their target price on Timken from $85.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $78.50.

Timken Stock Down 0.7%

NYSE TKR opened at $73.20 on Tuesday. The Timken Company has a fifty-two week low of $56.20 and a fifty-two week high of $92.34. The business has a fifty day moving average price of $67.49 and a two-hundred day moving average price of $73.45. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61. The stock has a market capitalization of $5.12 billion, a PE ratio of 14.67, a PEG ratio of 1.51 and a beta of 1.30.

Timken (NYSE:TKR) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.03). Timken had a return on equity of 13.93% and a net margin of 7.71%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm posted $1.77 EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities analysts expect that The Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.91%. This is a positive change from Timken’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, May 13th. Timken’s payout ratio is presently 30.17%.

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.