The Timken Company (NYSE:TKR) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. cut its stake in The Timken Company (NYSE:TKR) by 6.1% in the fourth quarter, Holdings Channel reports. The firm owned 7,627 shares of the industrial products company’s stock after selling 494 shares during the period. Coldstream Capital Management Inc.’s holdings in Timken were worth $544,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of TKR. Fairway Wealth LLC acquired a new stake in Timken in the 4th quarter worth approximately $29,000. Amundi increased its stake in shares of Timken by 25.8% in the fourth quarter. Amundi now owns 848 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 174 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Timken during the fourth quarter worth $109,000. AlphaQuest LLC lifted its position in Timken by 25,983.3% during the fourth quarter. AlphaQuest LLC now owns 1,565 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 1,559 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Timken by 88.3% in the fourth quarter. Blue Trust Inc. now owns 1,877 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 880 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Stock Down 0.1 %

TKR stock opened at $65.23 on Wednesday. The stock has a market capitalization of $4.57 billion, a P/E ratio of 13.07, a P/E/G ratio of 1.51 and a beta of 1.28. The Timken Company has a 52 week low of $56.20 and a 52 week high of $94.71. The firm has a 50-day simple moving average of $69.82 and a 200-day simple moving average of $75.06. 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 earnings results on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. Timken had a return on equity of 13.93% and a net margin of 7.71%. Equities analysts forecast that The Timken Company will post 5.62 earnings per share for the current fiscal 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 paid a dividend of $0.34 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.36 annualized dividend and a yield of 2.08%. Timken’s dividend payout ratio (DPR) is presently 27.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TKR shares. Jefferies Financial Group reiterated a “hold” rating and set a $70.00 price objective (down previously from $90.00) on shares of Timken in a research note on Wednesday, April 2nd. DA Davidson reissued a “neutral” rating and issued a $66.00 price target (down from $97.00) on shares of Timken in a report on Monday, April 21st. Evercore ISI raised their price objective on shares of Timken from $91.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group decreased their target price on shares of Timken from $85.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Finally, Morgan Stanley dropped their price target on shares of Timken from $94.00 to $88.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $81.91.

Insider Activity

In related news, CFO Philip D. Fracassa sold 5,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $81.50, for a total transaction of $407,500.00. Following the completion of the sale, the chief financial officer now owns 90,541 shares of the company’s stock, valued at approximately $7,379,091.50. This represents a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.70% of the company’s stock.

Timken Company 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.