Boston Partners lifted its position in Timken Co (NYSE:TKR) by 8.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,470,903 shares of the industrial products company’s stock after purchasing an additional 272,796 shares during the quarter. Boston Partners owned about 4.52% of Timken worth $129,534,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Virginia Retirement Systems ET AL grew its holdings in Timken by 16.3% in the fourth quarter. Virginia Retirement Systems ET AL now owns 57,000 shares of the industrial products company’s stock valued at $2,127,000 after purchasing an additional 8,000 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Timken by 2.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 27,584 shares of the industrial products company’s stock worth $1,029,000 after acquiring an additional 554 shares during the last quarter. Ramsey Quantitative Systems acquired a new stake in shares of Timken in the fourth quarter worth approximately $215,000. Intrust Bank NA boosted its stake in shares of Timken by 14.9% in the fourth quarter. Intrust Bank NA now owns 19,030 shares of the industrial products company’s stock worth $711,000 after acquiring an additional 2,472 shares during the last quarter. Finally, Comerica Bank boosted its stake in shares of Timken by 5.1% in the fourth quarter. Comerica Bank now owns 62,794 shares of the industrial products company’s stock worth $2,678,000 after acquiring an additional 3,055 shares during the last quarter. Hedge funds and other institutional investors own 78.39% of the company’s stock.
A number of analysts have recently issued reports on TKR shares. Zacks Investment Research lowered Timken from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. Bank of America raised Timken from a “neutral” rating to a “buy” rating and set a $40.15 price target on the stock in a research note on Sunday, December 9th. Finally, ValuEngine raised Timken from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Timken currently has an average rating of “Buy” and a consensus price target of $52.43.
Shares of NYSE:TKR opened at $43.51 on Thursday. The company has a current ratio of 2.53, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $3.29 billion, a PE ratio of 10.41, a PEG ratio of 0.80 and a beta of 1.77. Timken Co has a 1 year low of $33.98 and a 1 year high of $52.45.
Timken (NYSE:TKR) last issued its quarterly earnings results on Thursday, February 7th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.01). The firm had revenue of $910.10 million during the quarter, compared to analyst estimates of $924.65 million. Timken had a return on equity of 20.54% and a net margin of 8.46%. The business’s revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 earnings per share. Research analysts anticipate that Timken Co will post 4.81 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 4th. Investors of record on Wednesday, February 20th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, February 19th. This represents a $1.12 dividend on an annualized basis and a yield of 2.57%. Timken’s payout ratio is 26.79%.
Timken Company 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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