The Timken Company (NYSE:TKR) Shares Sold by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. lowered its position in shares of The Timken Company (NYSE:TKR) by 2.4% in the 4th quarter, Holdings Channel reports. The fund owned 14,846 shares of the industrial products company’s stock after selling 362 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Timken were worth $1,060,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in TKR. M&T Bank Corp boosted its position in Timken by 0.6% in the third quarter. M&T Bank Corp now owns 24,482 shares of the industrial products company’s stock valued at $2,064,000 after buying an additional 144 shares in the last quarter. Creative Planning grew its holdings in Timken by 1.7% during the second quarter. Creative Planning now owns 9,123 shares of the industrial products company’s stock valued at $731,000 after purchasing an additional 150 shares during the period. Blue Trust Inc. grew its stake in Timken by 20.0% in the third quarter. Blue Trust Inc. now owns 997 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 166 shares during the period. UMB Bank n.a. boosted its holdings in shares of Timken by 64.1% in the third quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock valued at $36,000 after buying an additional 168 shares during the period. Finally, Verdence Capital Advisors LLC increased its holdings in Timken by 3.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 4,539 shares of the industrial products company’s stock worth $383,000 after purchasing an additional 168 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Stock Performance

NYSE:TKR opened at $81.27 on Friday. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.04 and a beta of 1.39. The Timken Company has a 1-year low of $69.35 and a 1-year high of $94.71. The business has a 50 day moving average of $75.39 and a 200 day moving average of $79.42. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.00 and a quick ratio of 1.62.

Timken (NYSE:TKR) last announced its quarterly earnings results 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 7.41% and a return on equity of 14.82%. On average, sell-side analysts predict that The Timken Company will post 5.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Evercore ISI raised Timken from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $87.00 to $91.00 in a research report on Wednesday, November 13th. 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. DA Davidson decreased their target price on shares of Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. 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 report on Tuesday. Finally, Citigroup cut their price target on Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

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.