Landscape Capital Management L.L.C. Takes Position in The Timken Company (NYSE:TKR)

Landscape Capital Management L.L.C. purchased a new position in The Timken Company (NYSE:TKR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,930 shares of the industrial products company’s stock, valued at approximately $566,000.

Other institutional investors also recently bought and sold shares of the company. Foundry Partners LLC lifted its stake in shares of Timken by 6.5% in the fourth quarter. Foundry Partners LLC now owns 52,711 shares of the industrial products company’s stock worth $3,762,000 after buying an additional 3,197 shares in the last quarter. World Investment Advisors lifted its position in Timken by 9.4% in the 4th quarter. World Investment Advisors now owns 5,313 shares of the industrial products company’s stock valued at $379,000 after acquiring an additional 458 shares in the last quarter. National Bank of Canada FI purchased a new stake in Timken during the 4th quarter valued at $335,000. Pictet Asset Management Holding SA increased its holdings in shares of Timken by 15.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 10,292 shares of the industrial products company’s stock worth $735,000 after purchasing an additional 1,354 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Timken in the fourth quarter worth $420,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Timken

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of Timken stock in a transaction on Friday, February 7th. The shares were sold at an average price of $81.50, for a total value of $407,500.00. Following the sale, the chief financial officer now directly owns 90,541 shares in the company, valued at approximately $7,379,091.50. The trade was a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 8.70% of the stock is owned by corporate insiders.

Timken Trading Down 5.6 %

Shares of NYSE:TKR opened at $59.88 on Monday. The Timken Company has a 12-month low of $58.26 and a 12-month high of $94.71. The company has a market cap of $4.19 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. The stock has a 50 day moving average of $77.08 and a 200 day moving average of $77.81. The company has a current ratio of 3.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69.

Timken (NYSE:TKR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. As a group, equities research analysts expect that The Timken Company will post 5.62 EPS for the current year.

Timken Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 25th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Tuesday, February 25th. Timken’s dividend payout ratio is currently 27.25%.

Analysts Set New Price Targets

Several research firms recently commented on TKR. The Goldman Sachs Group reduced their price objective on Timken from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Jefferies Financial Group reissued a “hold” rating and set a $70.00 price objective (down from $90.00) on shares of Timken in a report on Wednesday, April 2nd. Evercore ISI raised their target price on shares of Timken from $91.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Bank of America upgraded shares of Timken from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $73.00 to $78.00 in a research note on Tuesday, February 4th. Finally, Citigroup dropped their price target on Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Timken currently has an average rating of “Moderate Buy” and an average target price of $88.82.

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.