Fiduciary Management Inc. WI Buys 1,689 Shares of The Timken Company (NYSE:TKR)

Fiduciary Management Inc. WI raised its stake in The Timken Company (NYSE:TKR) by 0.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,137,130 shares of the industrial products company’s stock after acquiring an additional 1,689 shares during the period. Fiduciary Management Inc. WI owned approximately 1.62% of Timken worth $81,157,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. First Horizon Advisors Inc. increased its stake 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 valued at $141,000 after purchasing an additional 158 shares during the last quarter. Amundi lifted its position in shares of Timken by 25.8% in the 4th quarter. Amundi now owns 848 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 174 shares during the period. Sheets Smith Wealth Management boosted its position in Timken by 3.4% during the fourth quarter. Sheets Smith Wealth Management now owns 5,856 shares of the industrial products company’s stock valued at $418,000 after acquiring an additional 190 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Timken by 7.8% during the 4th quarter. Principal Securities Inc. now owns 2,857 shares of the industrial products company’s stock valued at $204,000 after purchasing an additional 207 shares in the last quarter. Finally, MML Investors Services LLC grew its position in shares of Timken by 3.8% during the 3rd quarter. MML Investors Services LLC now owns 5,790 shares of the industrial products company’s stock worth $488,000 after buying an additional 212 shares during the period. 89.08% of the stock is currently owned by institutional investors.

Timken Stock Up 0.7 %

TKR opened at $61.39 on Friday. The Timken Company has a twelve month low of $56.20 and a twelve month high of $94.71. The company’s 50-day moving average price is $72.55 and its two-hundred day moving average price is $76.04. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.51 and a beta of 1.28. The company has a quick ratio of 1.61, a current ratio of 3.07 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 for the quarter, beating the consensus estimate of $1.08 by $0.08. Timken had a return on equity of 13.93% and a net margin of 7.71%. As a group, equities analysts expect that The Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.36 dividend on an annualized basis and a yield of 2.22%. Timken’s dividend payout ratio is presently 27.25%.

Insider Activity

In related news, CFO Philip D. Fracassa sold 5,000 shares of Timken stock in a transaction that occurred 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 completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

TKR has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their price objective on shares of Timken from $85.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Morgan Stanley cut their target price on Timken from $94.00 to $88.00 and set an “overweight” rating on the stock in a report on Wednesday. Loop Capital lowered their price objective on shares of Timken from $85.00 to $65.00 and set a “hold” rating on the stock in a report on Thursday. Evercore ISI boosted their target price on shares of Timken from $91.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $70.00 price target (down previously from $90.00) on shares of Timken in a research note on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Timken has a consensus rating of “Moderate Buy” and an average price target of $84.91.

About Timken

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.