Timken Company (The) (TKR) Stake Cut by Systematic Financial Management LP

Systematic Financial Management LP decreased its position in shares of Timken Company (The) (NYSE:TKR) by 13.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,130 shares of the industrial products company’s stock after selling 6,580 shares during the period. Systematic Financial Management LP owned about 0.05% of Timken Company (The) worth $1,859,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tyers Asset Management LLC bought a new position in Timken Company (The) during the fourth quarter worth $130,000. TrimTabs Asset Management LLC boosted its position in Timken Company (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 3,110 shares of the industrial products company’s stock worth $141,000 after buying an additional 1,464 shares in the last quarter. James Investment Research Inc. acquired a new position in Timken Company (The) during the first quarter worth approximately $144,000. Flinton Capital Management LLC acquired a new position in Timken Company (The) during the fourth quarter worth approximately $158,000. Finally, Robecosam AG acquired a new position in Timken Company (The) during the first quarter worth approximately $158,000. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Timken Company (The) (NYSE:TKR)

Timken Company (NYSE:TKR) traded down 1.93% during mid-day trading on Tuesday, reaching $45.70. The company had a trading volume of 255,848 shares. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 29.05 and a beta of 1.32. Timken Company has a 12 month low of $28.72 and a 12 month high of $51.75. The firm’s 50 day moving average price is $46.72 and its 200-day moving average price is $44.27.

Timken Company (The) (NYSE:TKR) last posted its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.12. Timken Company (The) had a net margin of 4.75% and a return on equity of 12.10%. The business had revenue of $703.80 million for the quarter, compared to analyst estimates of $649.70 million. During the same quarter last year, the business earned $0.46 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts anticipate that Timken Company will post $2.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Friday, May 19th were given a $0.27 dividend. This is a positive change from Timken Company (The)’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $1.08 annualized dividend and a yield of 2.32%. Timken Company (The)’s payout ratio is 66.67%.

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A number of research firms have issued reports on TKR. Stifel Nicolaus lifted their price objective on Timken Company (The) from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Zacks Investment Research downgraded Timken Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $45.00 target price on shares of Timken Company (The) in a report on Tuesday, April 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $45.71.

In other Timken Company (The) news, Director Jacqueline F. Woods sold 1,300 shares of Timken Company (The) stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $46.02, for a total transaction of $59,826.00. Following the transaction, the director now directly owns 19,249 shares in the company, valued at approximately $885,838.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Ronald J. Myers sold 5,198 shares of Timken Company (The) stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $48.12, for a total transaction of $250,127.76. Following the transaction, the vice president now owns 11,453 shares in the company, valued at $551,118.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,078 shares of company stock worth $1,871,839. 11.08% of the stock is currently owned by company insiders.

About Timken Company (The)

The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain, couplings and related products and offers a spectrum of power system rebuild and repair services across the world. The Company operates through two segments: Mobile Industries and Process Industries.

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