Ethic Inc. Has $491,000 Stake in The Timken Company (NYSE:TKR)

Ethic Inc. lifted its stake in shares of The Timken Company (NYSE:TKR) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,882 shares of the industrial products company’s stock after buying an additional 188 shares during the quarter. Ethic Inc.’s holdings in Timken were worth $491,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Sterling Capital Management LLC grew its position in shares of Timken by 79.4% during the 4th quarter. Sterling Capital Management LLC now owns 26,838 shares of the industrial products company’s stock worth $1,915,000 after buying an additional 11,876 shares during the period. Barclays PLC grew its position in shares of Timken by 221.6% during the 3rd quarter. Barclays PLC now owns 86,667 shares of the industrial products company’s stock worth $7,307,000 after buying an additional 59,716 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Timken during the 4th quarter worth approximately $14,460,000. Janney Montgomery Scott LLC grew its position in shares of Timken by 25.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 107,102 shares of the industrial products company’s stock worth $7,644,000 after buying an additional 22,003 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Timken during the 4th quarter worth approximately $574,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on TKR. DA Davidson raised their price objective on shares of Timken from $66.00 to $71.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. The Goldman Sachs Group reduced their price target on shares of Timken from $85.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Evercore ISI lifted their price target on shares of Timken from $91.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Jefferies Financial Group reissued a “hold” rating and issued a $70.00 price target (down previously from $90.00) on shares of Timken in a research report on Wednesday, April 2nd. Finally, Bank of America raised shares of Timken from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $73.00 to $78.00 in a research report on Tuesday, February 4th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Timken presently has a consensus rating of “Hold” and a consensus price target of $80.20.

Timken Price Performance

Shares of NYSE:TKR opened at $72.53 on Friday. The company has a current ratio of 3.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69. The stock’s fifty day simple moving average is $67.51 and its two-hundred day simple moving average is $73.73. The Timken Company has a 1-year low of $56.20 and a 1-year high of $93.04. The stock has a market cap of $5.07 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 1.51 and a beta of 1.30.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.03). Timken had a net margin of 7.71% and a return on equity of 13.93%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the business posted $1.77 earnings per share. Timken’s revenue was down 4.2% on a year-over-year basis. As a group, analysts forecast that The Timken Company will post 5.62 EPS for the current fiscal year.

Timken Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.93%. This is a boost from Timken’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Tuesday, May 13th. Timken’s payout ratio is presently 30.17%.

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.