Inspire Investing LLC Has $403,000 Holdings in The Timken Company (NYSE:TKR)

Inspire Investing LLC raised its holdings in The Timken Company (NYSE:TKR) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,647 shares of the industrial products company’s stock after acquiring an additional 746 shares during the period. Inspire Investing LLC’s holdings in Timken were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in Timken by 4.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,679,790 shares of the industrial products company’s stock worth $225,880,000 after purchasing an additional 107,350 shares in the last quarter. State Street Corp boosted its holdings in shares of Timken by 3.5% in the third quarter. State Street Corp now owns 1,953,838 shares of the industrial products company’s stock valued at $164,689,000 after buying an additional 66,208 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in shares of Timken by 34.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,700,979 shares of the industrial products company’s stock worth $143,376,000 after acquiring an additional 434,800 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Timken by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,073,123 shares of the industrial products company’s stock worth $90,477,000 after acquiring an additional 5,970 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Timken by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 649,952 shares of the industrial products company’s stock worth $54,784,000 after acquiring an additional 1,989 shares during the period. 89.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TKR shares. Citigroup lowered their target price on Timken from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Oppenheimer dropped their target price on Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Jefferies Financial Group raised Timken from a “hold” rating to a “buy” rating and upped their price target for the stock from $80.00 to $95.00 in a research report on Friday, December 6th. DA Davidson lowered their price objective on shares of Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Morgan Stanley upgraded shares of Timken from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $82.00 to $93.00 in a report on Tuesday, December 17th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.40.

Insider Buying and Selling

In other news, Director Richard G. Kyle sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $76.59, for a total transaction of $2,297,700.00. Following the completion of the sale, the director now owns 194,485 shares in the company, valued at $14,895,606.15. The trade was a 13.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.70% of the stock is currently owned by insiders.

Timken Trading Down 0.2 %

Shares of NYSE:TKR opened at $76.61 on Friday. The company has a 50-day simple moving average of $74.79 and a 200 day simple moving average of $79.71. The company has a market capitalization of $5.37 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 0.99 and a beta of 1.39. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.62 and a current ratio of 3.00. The Timken Company has a 52-week low of $69.35 and a 52-week high of $94.71.

Timken (NYSE:TKR) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $1.23 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 business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. Sell-side analysts forecast that The Timken Company will post 5.61 earnings per share for the current year.

Timken Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Tuesday, November 19th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Tuesday, November 19th. Timken’s dividend payout ratio is presently 28.27%.

About Timken

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.