NGAM Advisors L.P. Acquires 1,028 Shares of Timken Company (The) (TKR)

NGAM Advisors L.P. raised its position in shares of Timken Company (The) (NYSE:TKR) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,745 shares of the industrial products company’s stock after buying an additional 1,028 shares during the period. NGAM Advisors L.P.’s holdings in Timken Company (The) were worth $1,977,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. TrimTabs Asset Management LLC boosted its stake in Timken Company (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 3,110 shares of the industrial products company’s stock valued at $141,000 after buying an additional 1,464 shares during the period. James Investment Research Inc. bought a new position in Timken Company (The) during the first quarter worth $144,000. Robecosam AG bought a new position in Timken Company (The) during the first quarter worth $158,000. US Bancorp DE boosted its position in Timken Company (The) by 3.9% in the first quarter. US Bancorp DE now owns 3,872 shares of the industrial products company’s stock worth $175,000 after buying an additional 145 shares during the last quarter. Finally, HM Payson & Co. bought a new position in Timken Company (The) during the first quarter worth $202,000. Institutional investors own 76.94% of the company’s stock.

Timken Company (TKR) opened at 43.65 on Friday. Timken Company has a 12 month low of $31.60 and a 12 month high of $51.75. The firm’s 50-day moving average is $46.35 and its 200-day moving average is $45.59. The firm has a market cap of $3.40 billion, a PE ratio of 21.66 and a beta of 1.38.

Timken Company (The) (NYSE:TKR) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. Timken Company (The) had a net margin of 5.98% and a return on equity of 12.73%. The company had revenue of $750.60 million during the quarter, compared to analysts’ expectations of $716.50 million. During the same period last year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. Equities analysts expect that Timken Company will post $2.57 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 22nd will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Friday, August 18th. Timken Company (The)’s dividend payout ratio (DPR) is 51.67%.

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A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Timken Company (The) from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, July 26th. BidaskClub raised shares of Timken Company (The) from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Jefferies Group LLC restated a “hold” rating and issued a $45.00 price objective on shares of Timken Company (The) in a report on Friday, July 14th. Stifel Nicolaus raised their price objective on shares of Timken Company (The) from $46.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 28th. Finally, ValuEngine upgraded shares of Timken Company (The) from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Timken Company (The) presently has an average rating of “Hold” and a consensus target price of $46.83.

In related news, Director Jacqueline F. Woods sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $46.02, for a total transaction of $59,826.00. Following the transaction, the director now owns 19,249 shares of the company’s stock, valued at $885,838.98. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.08% of the stock is owned by corporate insiders.

About Timken Company (The)

The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain, couplings and related products and offers a spectrum of power system rebuild and repair services across the world. The Company operates through two segments: Mobile Industries and Process Industries.

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Institutional Ownership by Quarter for Timken Company (The) (NYSE:TKR)

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