Yousif Capital Management LLC Reduces Stake in The Timken Company (NYSE:TKR)

Yousif Capital Management LLC lowered its holdings in The Timken Company (NYSE:TKR) by 1.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,998 shares of the industrial products company’s stock after selling 449 shares during the period. Yousif Capital Management LLC’s holdings in Timken were worth $1,653,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TKR. First Horizon Advisors Inc. grew its position in shares of Timken by 8.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,981 shares of the industrial products company’s stock worth $141,000 after buying an additional 158 shares during the last quarter. Amundi increased its position in Timken by 25.8% during the fourth quarter. Amundi now owns 848 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 174 shares during the last quarter. Ethic Inc. increased its position in Timken by 2.8% during the fourth quarter. Ethic Inc. now owns 6,882 shares of the industrial products company’s stock valued at $491,000 after acquiring an additional 188 shares during the last quarter. ProShare Advisors LLC increased its position in Timken by 7.3% in the fourth quarter. ProShare Advisors LLC now owns 2,986 shares of the industrial products company’s stock worth $213,000 after buying an additional 204 shares in the last quarter. Finally, Principal Securities Inc. increased its position in Timken by 7.8% in the fourth quarter. Principal Securities Inc. now owns 2,857 shares of the industrial products company’s stock worth $204,000 after buying an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Trading Up 1.3%

TKR opened at $71.57 on Tuesday. The Timken Company has a one year low of $56.20 and a one year high of $90.49. The stock has a market capitalization of $5.01 billion, a PE ratio of 14.34, a P/E/G ratio of 1.51 and a beta of 1.28. The business’s 50 day moving average price is $67.66 and its 200 day moving average price is $72.67. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 3.07.

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

Timken Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.96%. This is an increase from Timken’s previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, May 13th. Timken’s dividend payout ratio (DPR) is presently 30.17%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TKR. Loop Capital cut their target price on Timken from $85.00 to $65.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Morgan Stanley cut their target price on Timken from $94.00 to $88.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Citigroup increased their target price on Timken from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. The Goldman Sachs Group cut their target price on Timken from $85.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Finally, Evercore ISI cut their price target on Timken from $102.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, May 19th. Seven 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 an average target price of $78.50.

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.