International Assets Investment Management LLC Raises Stock Position in The Timken Company (NYSE:TKR)

International Assets Investment Management LLC increased its stake in The Timken Company (NYSE:TKR) by 7,913.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,763 shares of the industrial products company’s stock after acquiring an additional 1,741 shares during the quarter. International Assets Investment Management LLC’s holdings in Timken were worth $141,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of Timken by 7.7% during the third quarter. American Century Companies Inc. now owns 1,826,547 shares of the industrial products company’s stock worth $134,233,000 after buying an additional 131,253 shares in the last quarter. Brown Advisory Inc. grew its holdings in shares of Timken by 0.5% during the third quarter. Brown Advisory Inc. now owns 776,345 shares of the industrial products company’s stock worth $57,054,000 after buying an additional 4,000 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Timken by 16.8% during the third quarter. AQR Capital Management LLC now owns 764,174 shares of the industrial products company’s stock worth $56,159,000 after buying an additional 109,767 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Timken by 31.9% during the third quarter. Invesco Ltd. now owns 680,571 shares of the industrial products company’s stock worth $50,015,000 after buying an additional 164,421 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Timken by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 614,535 shares of the industrial products company’s stock worth $45,162,000 after buying an additional 15,374 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Trading Up 2.0 %

NYSE TKR opened at $86.68 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 0.96. The stock has a market capitalization of $6.10 billion, a P/E ratio of 15.88, a PEG ratio of 1.18 and a beta of 1.54. The firm’s 50-day moving average is $85.43 and its two-hundred day moving average is $79.59. The Timken Company has a 12 month low of $65.71 and a 12 month high of $95.08.

Timken (NYSE:TKR) last issued its quarterly earnings results on Monday, February 5th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.15. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. Timken had a net margin of 8.26% and a return on equity of 19.57%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 earnings per share. On average, sell-side analysts anticipate that The Timken Company will post 6.02 earnings per share for the current year.

Timken Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.32 dividend on an annualized basis and a yield of 1.52%. Timken’s dividend payout ratio (DPR) is presently 24.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Evercore ISI lowered shares of Timken from an “outperform” rating to an “in-line” rating and set a $84.00 target price for the company. in a report on Tuesday, February 20th. StockNews.com cut shares of Timken from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. DA Davidson initiated coverage on shares of Timken in a research report on Tuesday, January 23rd. They set a “buy” rating and a $92.00 price target on the stock. Morgan Stanley initiated coverage on shares of Timken in a research report on Monday, January 8th. They set an “equal weight” rating and a $74.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price target on shares of Timken from $78.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Timken currently has a consensus rating of “Hold” and an average price target of $85.90.

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.