World Investment Advisors LLC Acquires New Holdings in The Timken Company (NYSE:TKR)

World Investment Advisors LLC acquired a new stake in shares of The Timken Company (NYSE:TKR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,855 shares of the industrial products company’s stock, valued at approximately $409,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coastline Trust Co bought a new position in Timken during the third quarter valued at approximately $29,000. Livelsberger Financial Advisory bought a new position in Timken during the third quarter valued at approximately $32,000. UMB Bank n.a. raised its position in Timken by 64.1% during the third 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Timken during the second quarter valued at approximately $44,000. Finally, Brooklyn Investment Group bought a new position in Timken during the third quarter valued at approximately $74,000. Institutional investors own 89.08% of the company’s stock.

Timken Trading Down 0.1 %

Shares of Timken stock opened at $74.76 on Wednesday. The company’s fifty day simple moving average is $79.34 and its 200-day simple moving average is $81.28. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.12 and a beta of 1.38. The company has a current ratio of 3.00, a quick ratio of 1.62 and a debt-to-equity ratio of 0.71. The Timken Company has a 1 year low of $72.35 and a 1 year high of $94.71.

Timken (NYSE:TKR) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.15). Timken had a return on equity of 14.82% and a net margin of 7.41%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the business posted $1.55 EPS. The company’s revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts expect that The Timken Company will post 5.61 EPS for the current year.

Timken Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $1.36 dividend on an annualized basis and a yield of 1.82%. Timken’s dividend payout ratio is currently 28.27%.

Insiders Place Their Bets

In other news, Director Richard G. Kyle sold 30,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $76.59, for a total value of $2,297,700.00. Following the sale, the director now owns 194,485 shares of the company’s stock, valued at approximately $14,895,606.15. This represents a 13.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

TKR has been the topic of a number of recent analyst reports. Jefferies Financial Group raised shares of Timken from a “hold” rating to a “buy” rating and lifted their price target for the company from $80.00 to $95.00 in a research report on Friday, December 6th. Evercore ISI raised shares of Timken from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $87.00 to $91.00 in a research report on Wednesday, November 13th. Citigroup raised shares of Timken from a “neutral” rating to a “buy” rating and lifted their price target for the company from $85.00 to $90.00 in a research report on Monday, December 9th. DA Davidson dropped their price target on shares of Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Oppenheimer dropped their price target on shares of Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Timken currently has an average rating of “Moderate Buy” and an average target price of $92.90.

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.