The Timken Company (NYSE:TKR) Shares Purchased by Bokf Na

Bokf Na raised its position in shares of The Timken Company (NYSE:TKR) by 2.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,369 shares of the industrial products company’s stock after buying an additional 275 shares during the quarter. Bokf Na’s holdings in Timken were worth $1,087,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fidelis Capital Partners LLC acquired a new stake in shares of Timken during the 1st quarter worth approximately $26,000. Livelsberger Financial Advisory acquired a new stake in shares of Timken during the 4th quarter worth approximately $30,000. GAMMA Investing LLC acquired a new stake in shares of Timken during the 4th quarter worth approximately $35,000. Manchester Capital Management LLC raised its position in shares of Timken by 51.3% during the 1st quarter. Manchester Capital Management LLC now owns 605 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 205 shares during the period. Finally, Quent Capital LLC increased its position in Timken by 50.4% in the 4th quarter. Quent Capital LLC now owns 1,018 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 341 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Stock Performance

Shares of NYSE:TKR traded down $0.95 during midday trading on Monday, hitting $84.31. The company’s stock had a trading volume of 36,319 shares, compared to its average volume of 472,141. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 1.81 and a beta of 1.46. The stock’s 50 day simple moving average is $83.48 and its 200 day simple moving average is $84.36. The Timken Company has a fifty-two week low of $65.71 and a fifty-two week high of $94.71. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.02 and a current ratio of 1.87.

Timken (NYSE:TKR) last released its earnings results on Tuesday, April 30th. The industrial products company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.27. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. Timken had a return on equity of 17.98% and a net margin of 7.99%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period last year, the business earned $2.09 earnings per share. As a group, research analysts anticipate that The Timken Company will post 6.2 earnings per share for the current year.

Timken Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.61%. This is an increase from Timken’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Monday, May 13th. Timken’s payout ratio is presently 25.90%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Loop Capital raised their target price on Timken from $78.00 to $87.00 and gave the company a “hold” rating in a research report on Wednesday, May 1st. KeyCorp increased their price target on Timken from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Stifel Nicolaus increased their price target on Timken from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Raymond James assumed coverage on Timken in a research note on Friday, June 28th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Timken has an average rating of “Hold” and a consensus price target of $87.91.

Insider Buying and Selling at Timken

In other news, EVP Christopher A. Coughlin sold 29,006 shares of Timken stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $89.30, for a total value of $2,590,235.80. Following the completion of the transaction, the executive vice president now owns 84,995 shares in the company, valued at $7,590,053.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Timken news, EVP Christopher A. Coughlin sold 29,006 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $89.30, for a total transaction of $2,590,235.80. Following the transaction, the executive vice president now owns 84,995 shares of the company’s stock, valued at approximately $7,590,053.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Philip D. Fracassa sold 10,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $89.76, for a total value of $897,600.00. Following the transaction, the chief financial officer now directly owns 105,541 shares in the company, valued at approximately $9,473,360.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,006 shares of company stock valued at $5,269,636. 8.70% of the stock is currently owned by corporate insiders.

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.