Cozad Asset Management Inc. Sells 2,201 Shares of The Timken Company (NYSE:TKR)

Cozad Asset Management Inc. trimmed its holdings in shares of The Timken Company (NYSE:TKR) by 7.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 29,370 shares of the industrial products company’s stock after selling 2,201 shares during the period. Cozad Asset Management Inc.’s holdings in Timken were worth $2,096,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TKR. First National Advisers LLC increased its position in shares of Timken by 4.5% during the 4th quarter. First National Advisers LLC now owns 43,446 shares of the industrial products company’s stock worth $3,101,000 after purchasing an additional 1,885 shares in the last quarter. Royce & Associates LP increased its position in shares of Timken by 108.9% during the 4th quarter. Royce & Associates LP now owns 397,895 shares of the industrial products company’s stock worth $28,398,000 after purchasing an additional 207,439 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Timken by 5.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,259 shares of the industrial products company’s stock worth $375,000 after purchasing an additional 251 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Timken by 6.5% during the 4th quarter. Natixis Advisors LLC now owns 33,679 shares of the industrial products company’s stock worth $2,404,000 after purchasing an additional 2,042 shares in the last quarter. Finally, Brandes Investment Partners LP acquired a new stake in shares of Timken during the 4th quarter worth about $4,644,000. 89.08% of the stock is owned by institutional investors.

Timken Stock Up 1.0 %

Shares of NYSE:TKR opened at $75.25 on Tuesday. The Timken Company has a one year low of $69.35 and a one year high of $94.71. The company has a 50 day moving average of $78.11 and a 200-day moving average of $78.64. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 1.51 and a beta of 1.37.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. On average, sell-side analysts forecast that The Timken Company will post 5.62 earnings per share for the current year.

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 25th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.81%. The ex-dividend date was Tuesday, February 25th. Timken’s payout ratio is 27.25%.

Insider Buying and Selling

In related news, CFO Philip D. Fracassa sold 5,000 shares of Timken stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $81.50, for a total transaction of $407,500.00. Following the transaction, the chief financial officer now owns 90,541 shares of the company’s stock, valued at $7,379,091.50. This trade represents a 5.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TKR has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Timken from a “hold” rating to a “buy” rating and increased their target price for the stock from $80.00 to $95.00 in a research report on Friday, December 6th. KeyCorp restated a “sector weight” rating on shares of Timken in a research report on Friday, November 22nd. Citigroup lowered their price objective on shares of Timken from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Bank of America upgraded shares of Timken from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $73.00 to $78.00 in a research report on Tuesday, February 4th. Finally, Evercore ISI raised their price objective 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. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $92.70.

Timken Profile

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.