The Timken Company (NYSE:TKR) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC increased its holdings in shares of The Timken Company (NYSE:TKR) by 178.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 87,105 shares of the industrial products company’s stock after acquiring an additional 55,843 shares during the quarter. NEOS Investment Management LLC’s holdings in Timken were worth $6,217,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Fairway Wealth LLC purchased a new position in shares of Timken during the fourth quarter worth approximately $29,000. Amundi raised its position in Timken by 25.8% in the fourth quarter. Amundi now owns 848 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 174 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Timken in the third quarter valued at about $74,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Timken during the 4th quarter valued at approximately $109,000. Finally, AlphaQuest LLC increased its stake in Timken by 25,983.3% in the 4th quarter. AlphaQuest LLC now owns 1,565 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 1,559 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on TKR shares. Jefferies Financial Group upgraded Timken from a “hold” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $95.00 in a research report on Friday, December 6th. Morgan Stanley boosted their price objective on shares of Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Evercore ISI raised their target price on shares of Timken from $91.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Bank of America raised shares of Timken from an “underperform” rating to a “neutral” rating and upped their price target for the company from $73.00 to $78.00 in a report on Tuesday, February 4th. Finally, Citigroup dropped their price objective on shares of Timken from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.70.

Timken Stock Down 2.6 %

Shares of NYSE TKR opened at $73.68 on Friday. The firm has a market cap of $5.16 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 1.51 and a beta of 1.37. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 3.07. The Timken Company has a 1 year low of $69.35 and a 1 year high of $94.71. The firm’s 50 day moving average price is $78.17 and its 200 day moving average price is $78.35.

Timken (NYSE:TKR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. Timken had a return on equity of 13.93% and a net margin of 7.71%. As a group, sell-side analysts anticipate that The Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.34 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.36 annualized dividend and a dividend yield of 1.85%. Timken’s payout ratio is currently 27.25%.

Insider Buying and Selling

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $81.50, for a total transaction of $407,500.00. Following the transaction, the chief financial officer now owns 90,541 shares of the company’s stock, valued at $7,379,091.50. This trade represents a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.70% of the company’s stock.

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.