846 Shares in The Timken Company (NYSE:TKR) Acquired by My Personal CFO LLC

My Personal CFO LLC purchased a new position in The Timken Company (NYSE:TKR – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 846 shares of the industrial products company’s stock, valued at approximately $60,000.

Other institutional investors also recently modified their holdings of the company. Kovitz Investment Group Partners LLC increased its stake in shares of Timken by 1.0% in the third quarter. Kovitz Investment Group Partners LLC now owns 13,908 shares of the industrial products company’s stock worth $821,000 after acquiring an additional 144 shares during the last quarter. IFP Advisors Inc grew its stake in Timken by 8.4% in the third quarter. IFP Advisors Inc now owns 2,159 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 167 shares in the last quarter. Ronald Blue Trust Inc. increased its position in Timken by 28.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 818 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 183 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Timken by 5.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,785 shares of the industrial products company’s stock worth $230,000 after purchasing an additional 189 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Timken by 40.2% during the 2nd quarter. Quadrant Capital Group LLC now owns 854 shares of the industrial products company’s stock valued at $45,000 after buying an additional 245 shares during the last quarter. Institutional investors own 82.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. The Goldman Sachs Group increased their price objective on Timken from $70.00 to $79.00 and gave the stock a “neutral” rating in a report on Wednesday, February 8th. Jefferies Financial Group raised their price target on shares of Timken from $95.00 to $105.00 and gave the company a “buy” rating in a report on Monday, March 6th. Bank of America raised shares of Timken from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $71.00 to $87.00 in a research note on Friday, January 13th. Morgan Stanley increased their target price on shares of Timken from $83.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 7th. Finally, Oppenheimer boosted their price target on Timken from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 7th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $91.75.

Timken Stock Performance

Timken stock traded down $4.91 on Friday, reaching $73.99. 1,537,706 shares of the stock were exchanged, compared to its average volume of 531,142. The company has a current ratio of 2.47, a quick ratio of 1.30 and a debt-to-equity ratio of 0.81. The Timken Company has a twelve month low of $50.85 and a twelve month high of $89.40. The firm has a fifty day moving average price of $82.26 and a two-hundred day moving average price of $73.13. The stock has a market cap of $5.36 billion, a PE ratio of 13.50, a PEG ratio of 0.96 and a beta of 1.54.

Timken (NYSE:TKR – Get Rating) last posted its quarterly earnings data on Monday, February 6th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.13. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Timken had a return on equity of 19.52% and a net margin of 9.06%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 EPS. Sell-side analysts anticipate that The Timken Company will post 6.86 EPS for the current year.

Timken Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 6th. Stockholders of record on Tuesday, February 21st were paid a $0.31 dividend. The ex-dividend date was Friday, February 17th. This represents a $1.24 annualized dividend and a dividend yield of 1.68%. Timken’s payout ratio is 22.63%.

Insider Buying and Selling

In related news, CEO Richard G. Kyle sold 24,841 shares of the company’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $85.97, for a total transaction of $2,135,580.77. Following the completion of the transaction, the chief executive officer now directly owns 383,082 shares in the company, valued at approximately $32,933,559.54. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 10.79% of the stock is currently owned by insiders.

Timken Profile

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The Timken Co engages in the engineering, manufacturing, and marketing of bearings and industrial motion products. In addition to bearings, it offers drives, belts, chains, lubrication systems, couplings, industrial clutches, and brakes. It operates through the Mobile and Process Industries segments.