The Timken Company (NYSE:TKR) Position Trimmed by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY lowered its stake in The Timken Company (NYSE:TKR) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,016 shares of the industrial products company’s stock after selling 145 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Timken were worth $215,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of TKR. Coastline Trust Co acquired a new position in shares of Timken in the third quarter worth about $29,000. Brooklyn Investment Group acquired a new position in Timken in the 3rd quarter worth approximately $74,000. Venturi Wealth Management LLC boosted its stake in Timken by 230.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,088 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 759 shares during the period. Blue Trust Inc. boosted its stake in Timken by 88.3% in the 4th quarter. Blue Trust Inc. now owns 1,877 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 880 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in shares of Timken by 8.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,981 shares of the industrial products company’s stock worth $141,000 after buying an additional 158 shares during the period. 89.08% of the stock is owned by institutional investors.

Timken Price Performance

NYSE TKR opened at $81.06 on Friday. The company has a quick ratio of 1.61, a current ratio of 3.07 and a debt-to-equity ratio of 0.69. The Timken Company has a 12-month low of $69.35 and a 12-month high of $94.71. The company has a 50 day moving average price of $77.33 and a two-hundred day moving average price of $79.29. The stock has a market capitalization of $5.67 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 1.51 and a beta of 1.39.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts predict that The Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Tuesday, February 25th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.36 annualized dividend and a yield of 1.68%. Timken’s dividend payout ratio (DPR) is currently 27.25%.

Insider Buying and Selling

In other news, CFO Philip D. Fracassa sold 5,000 shares of the business’s 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on TKR shares. DA Davidson decreased their target price on Timken from $103.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Evercore ISI raised their price objective on Timken from $91.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Jefferies Financial Group upgraded shares of Timken from a “hold” rating to a “buy” rating and raised their price target for the stock from $80.00 to $95.00 in a report on Friday, December 6th. KeyCorp restated a “sector weight” rating on shares of Timken in a report on Friday, November 22nd. Finally, Oppenheimer decreased their target price on shares of Timken from $102.00 to $97.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $92.70.

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.