Dimensional Fund Advisors LP Has $77.88 Million Position in Timken Co (TKR)

Dimensional Fund Advisors LP increased its stake in Timken Co (NYSE:TKR) by 5.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,788,248 shares of the industrial products company’s stock after purchasing an additional 93,934 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Timken were worth $77,879,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of TKR. Vaughan Nelson Investment Management L.P. acquired a new stake in Timken in the 1st quarter worth approximately $40,486,000. Epoch Investment Partners Inc. acquired a new position in shares of Timken during the first quarter worth approximately $24,615,000. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Timken by 75.0% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 852,536 shares of the industrial products company’s stock worth $38,877,000 after buying an additional 365,406 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Timken by 46.9% during the first quarter. Millennium Management LLC now owns 1,060,345 shares of the industrial products company’s stock worth $48,352,000 after buying an additional 338,365 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Timken by 4.1% during the first quarter. BlackRock Inc. now owns 5,970,137 shares of the industrial products company’s stock worth $272,236,000 after buying an additional 235,279 shares during the last quarter. Hedge funds and other institutional investors own 78.43% of the company’s stock.

Shares of TKR stock opened at $48.10 on Friday. Timken Co has a 12 month low of $41.85 and a 12 month high of $55.65. The company has a market cap of $3.70 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 0.77 and a beta of 1.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.39 and a quick ratio of 1.30.

Timken (NYSE:TKR) last issued its quarterly earnings results on Tuesday, July 31st. The industrial products company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.03. The company had revenue of $906.30 million during the quarter, compared to analyst estimates of $904.77 million. Timken had a return on equity of 18.39% and a net margin of 7.60%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share. equities analysts anticipate that Timken Co will post 4.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Investors of record on Friday, August 17th were paid a $0.28 dividend. The ex-dividend date was Thursday, August 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.33%. Timken’s payout ratio is 42.59%.

A number of research analysts have recently commented on TKR shares. Bank of America upped their price target on Timken from $50.00 to $51.00 and gave the stock an “underperform” rating in a report on Tuesday, May 22nd. Stifel Nicolaus upgraded Timken from a “hold” rating to a “buy” rating and upped their price target for the stock from $52.00 to $60.00 in a report on Monday, May 28th. ValuEngine upgraded Timken from a “sell” rating to a “hold” rating in a report on Thursday, June 7th. KeyCorp upped their price target on Timken from $54.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, August 1st. Finally, CL King started coverage on Timken in a report on Thursday, June 28th. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $55.40.

In related news, CFO Philip D. Fracassa sold 3,582 shares of the company’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $48.39, for a total value of $173,332.98. Following the completion of the transaction, the chief financial officer now directly owns 43,534 shares in the company, valued at $2,106,610.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shelly Marie Chadwick sold 1,043 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $48.85, for a total value of $50,950.55. Following the completion of the transaction, the insider now owns 3,102 shares of the company’s stock, valued at $151,532.70. The disclosure for this sale can be found here. Corporate insiders own 11.15% of the company’s stock.

Timken Profile

The Timken Company engineers, manufactures, and markets bearings, transmissions, gearboxes, belts, chains, lubrication systems, couplings, industrial clutches and brakes, and related products worldwide. It operates through two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, lubrication devices, and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches and brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.

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Institutional Ownership by Quarter for Timken (NYSE:TKR)

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