Fiduciary Management Inc. WI Purchases 1,689 Shares of The Timken Company (NYSE:TKR)

Fiduciary Management Inc. WI raised its position in The Timken Company (NYSE:TKR) by 0.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,137,130 shares of the industrial products company’s stock after buying an additional 1,689 shares during the quarter. Fiduciary Management Inc. WI’s holdings in Timken were worth $81,157,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its stake in Timken by 221.6% in the 3rd quarter. Barclays PLC now owns 86,667 shares of the industrial products company’s stock worth $7,307,000 after acquiring an additional 59,716 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in Timken by 29.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 60,625 shares of the industrial products company’s stock valued at $4,327,000 after purchasing an additional 13,697 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Timken during the fourth quarter valued at approximately $14,460,000. Janney Montgomery Scott LLC grew its stake in Timken by 25.9% in 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 in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Timken in the 4th quarter worth $574,000. Institutional investors own 89.08% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TKR. Jefferies Financial Group reiterated a “hold” rating and issued a $70.00 target price (down from $90.00) on shares of Timken in a research report on Wednesday, April 2nd. Loop Capital cut their price objective on Timken from $85.00 to $65.00 and set a “hold” rating for the company in a report on Thursday. Citigroup decreased their price objective on Timken from $95.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Morgan Stanley cut their target price on Timken from $94.00 to $88.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Evercore ISI lifted their price target on shares of Timken from $91.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Timken has a consensus rating of “Moderate Buy” and a consensus price target of $84.91.

Timken Price Performance

TKR stock opened at $61.39 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 firm’s 50-day moving average price is $72.55 and its two-hundred day moving average price is $76.04. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.51 and a beta of 1.28. The Timken Company has a 12-month low of $56.20 and a 12-month high of $94.71.

Timken (NYSE:TKR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. Timken had a return on equity of 13.93% and a net margin of 7.71%. As a group, equities analysts predict that The Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Tuesday, February 25th. Timken’s payout ratio is currently 27.25%.

Insiders Place Their Bets

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $81.50, for a total value of $407,500.00. Following the completion of the sale, the chief financial officer now directly owns 90,541 shares in the company, valued at $7,379,091.50. This trade represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 8.70% of the company’s stock.

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.