Epoch Investment Partners Inc. increased its stake in shares of Timken Co (NYSE:TKR) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 672,739 shares of the industrial products company’s stock after purchasing an additional 25,180 shares during the period. Epoch Investment Partners Inc.’s holdings in Timken were worth $25,107,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of Timken by 3.3% during the 4th quarter. BlackRock Inc. now owns 6,254,286 shares of the industrial products company’s stock worth $233,409,000 after purchasing an additional 200,956 shares during the last quarter. Boston Partners raised its position in shares of Timken by 8.5% during the 4th quarter. Boston Partners now owns 3,470,903 shares of the industrial products company’s stock worth $129,534,000 after purchasing an additional 272,796 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Timken by 10.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,159,524 shares of the industrial products company’s stock worth $80,593,000 after purchasing an additional 197,312 shares during the last quarter. LSV Asset Management raised its position in shares of Timken by 1.0% during the 4th quarter. LSV Asset Management now owns 1,670,275 shares of the industrial products company’s stock worth $62,334,000 after purchasing an additional 16,700 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Timken by 17.1% during the 4th quarter. Victory Capital Management Inc. now owns 1,620,972 shares of the industrial products company’s stock worth $60,495,000 after purchasing an additional 236,967 shares during the last quarter. Hedge funds and other institutional investors own 77.22% of the company’s stock.
Several research analysts recently weighed in on the stock. ValuEngine downgraded shares of Timken from a “hold” rating to a “sell” rating in a research report on Saturday, February 23rd. Zacks Investment Research downgraded shares of Timken from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. Finally, Bank of America upgraded shares of Timken from a “neutral” rating to a “buy” rating and set a $40.15 price target for the company in a research report on Sunday, December 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $52.43.
Timken (NYSE:TKR) last released its quarterly earnings data on Thursday, February 7th. The industrial products company reported $1.00 EPS for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.01). The business had revenue of $910.10 million during the quarter, compared to analyst estimates of $924.65 million. Timken had a net margin of 8.46% and a return on equity of 20.54%. The firm’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 EPS. On average, sell-side analysts expect that Timken Co will post 4.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Wednesday, February 20th were issued a $0.28 dividend. The ex-dividend date was Tuesday, February 19th. This represents a $1.12 dividend on an annualized basis and a yield of 2.55%. Timken’s payout ratio is 26.79%.
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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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