The Timken Company (NYSE:TKR) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. cut its position in The Timken Company (NYSE:TKR) by 5.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,571 shares of the industrial products company’s stock after selling 1,749 shares during the period. Cozad Asset Management Inc.’s holdings in Timken were worth $2,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Fidelis Capital Partners LLC acquired a new stake in Timken during the 1st quarter worth $26,000. EverSource Wealth Advisors LLC lifted its stake in shares of Timken by 1,905.6% in the first quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company’s stock worth $32,000 after buying an additional 343 shares in the last quarter. Versant Capital Management Inc acquired a new position in Timken during the second quarter worth about $30,000. Livelsberger Financial Advisory purchased a new stake in Timken during the 3rd quarter valued at about $32,000. Finally, UMB Bank n.a. raised its holdings in Timken by 64.1% in the 3rd quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 168 shares during the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Timken Stock Performance

Shares of TKR stock opened at $79.17 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 2.95. The firm has a market cap of $5.55 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.90 and a beta of 1.43. The firm’s 50 day moving average price is $82.70 and its 200-day moving average price is $83.87. The Timken Company has a one year low of $70.15 and a one year high of $94.71.

Timken (NYSE:TKR) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.15). Timken had a return on equity of 16.36% and a net margin of 7.52%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the company earned $1.55 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities research analysts predict that The Timken Company will post 6.05 EPS for the current year.

Analyst Ratings Changes

TKR has been the topic of a number of analyst reports. Evercore ISI reduced their price objective on Timken from $94.00 to $87.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. DA Davidson reduced their price target on Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday. Citigroup initiated coverage on shares of Timken in a report on Monday, October 14th. They issued a “neutral” rating and a $90.00 price objective for the company. Oppenheimer decreased their target price on shares of Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, KeyCorp dropped their price target on shares of Timken from $104.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $89.60.

Timken Company 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.