EMC Capital Management Has $250,000 Stock Position in The Timken Company (NYSE:TKR)

EMC Capital Management lessened its holdings in shares of The Timken Company (NYSE:TKR) by 74.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,505 shares of the industrial products company’s stock after selling 10,193 shares during the quarter. EMC Capital Management’s holdings in Timken were worth $250,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its position in shares of Timken by 2.6% during the fourth quarter. Pacer Advisors Inc. now owns 9,507 shares of the industrial products company’s stock worth $679,000 after purchasing an additional 237 shares during the period. KBC Group NV increased its stake in Timken by 83.6% during the 4th quarter. KBC Group NV now owns 3,114 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 1,418 shares in the last quarter. Blue Trust Inc. raised its holdings in Timken by 107.5% during the 4th quarter. Blue Trust Inc. now owns 2,069 shares of the industrial products company’s stock worth $148,000 after buying an additional 1,072 shares during the period. Olstein Capital Management L.P. lifted its stake in Timken by 17.2% in the fourth quarter. Olstein Capital Management L.P. now owns 17,000 shares of the industrial products company’s stock valued at $1,213,000 after buying an additional 2,500 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its holdings in shares of Timken by 1.2% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 21,167 shares of the industrial products company’s stock valued at $1,511,000 after buying an additional 253 shares during the period. 89.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on TKR shares. Jefferies Financial Group upgraded shares of Timken from a “hold” rating to a “buy” rating and raised their price objective for the stock from $80.00 to $95.00 in a report on Friday, December 6th. Citigroup cut their price target on Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. DA Davidson reduced their price objective on Timken from $103.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. 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. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Timken in a research report on Friday, November 22nd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.40.

Timken Stock Performance

NYSE TKR opened at $80.14 on Friday. The firm has a market capitalization of $5.62 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 1.01 and a beta of 1.39. 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 firm’s fifty day moving average price is $75.07 and its two-hundred day moving average price is $79.61. The Timken Company has a 1 year low of $69.35 and a 1 year high of $94.71.

Timken (NYSE:TKR) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.12 billion. During the same period last year, the firm earned $1.55 EPS. Timken’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, research analysts anticipate that The Timken Company will post 5.61 EPS for the current year.

Timken Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.70%. The ex-dividend date was Tuesday, November 19th. Timken’s dividend payout ratio is 28.27%.

Insiders Place Their Bets

In other Timken news, Director Richard G. Kyle sold 30,000 shares of the 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 transaction, the director now directly owns 194,485 shares of the company’s stock, valued at $14,895,606.15. This represents a 13.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 8.70% of the company’s stock.

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.