Integrated Investment Consultants LLC Cuts Position in The Timken Company (NYSE:TKR)

Integrated Investment Consultants LLC lowered its holdings in The Timken Company (NYSE:TKR) by 3.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,090 shares of the industrial products company’s stock after selling 159 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Timken were worth $345,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Coastline Trust Co acquired a new stake in shares of Timken in the third quarter valued at about $29,000. Versant Capital Management Inc purchased a new position in Timken in the second quarter valued at about $30,000. EverSource Wealth Advisors LLC lifted its position in shares of Timken by 1,905.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 343 shares during the period. Livelsberger Financial Advisory purchased a new stake in shares of Timken during the 3rd quarter worth approximately $32,000. Finally, UMB Bank n.a. grew its holdings in shares of Timken by 64.1% in the 3rd quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 168 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. DA Davidson reduced their price objective on Timken from $103.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Oppenheimer cut their price target on Timken from $102.00 to $97.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Evercore ISI raised shares of Timken from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $87.00 to $91.00 in a research note on Wednesday, November 13th. Citigroup assumed coverage on shares of Timken in a research report on Monday, October 14th. They set a “neutral” rating and a $90.00 target price for the company. Finally, KeyCorp reiterated a “sector weight” rating on shares of Timken in a research report on Friday. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $90.00.

Timken Trading Up 1.0 %

Shares of TKR opened at $75.96 on Friday. The Timken Company has a fifty-two week low of $71.57 and a fifty-two week high of $94.71. The company has a market capitalization of $5.33 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.12 and a beta of 1.43. The stock has a fifty day moving average of $81.45 and a two-hundred day moving average of $82.90. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.62 and a current ratio of 3.00.

Timken (NYSE:TKR) last released its earnings results on Tuesday, November 5th. The industrial products company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.15). Timken had a net margin of 7.41% and a return on equity of 14.82%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, analysts forecast that The Timken Company will post 5.61 EPS for the current year.

Timken Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 19th will be issued a $0.34 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $1.36 dividend on an annualized basis and a yield of 1.79%. Timken’s payout ratio is 28.27%.

Insider Buying and Selling

In other news, Director Richard G. Kyle sold 30,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $76.59, for a total transaction of $2,297,700.00. Following the completion of the sale, the director now directly owns 194,485 shares of the company’s stock, valued at $14,895,606.15. The trade was a 13.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.70% of the stock is currently owned by company insiders.

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.