Vontobel Holding Ltd. Has $1.75 Million Position in The Timken Company (NYSE:TKR)

Vontobel Holding Ltd. cut its stake in shares of The Timken Company (NYSE:TKR) by 40.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,791 shares of the industrial products company’s stock after selling 14,823 shares during the quarter. Vontobel Holding Ltd.’s holdings in Timken were worth $1,747,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in Timken in the fourth quarter valued at about $34,000. Money Concepts Capital Corp bought a new position in shares of Timken in the fourth quarter valued at approximately $35,000. Sunbelt Securities Inc. acquired a new position in shares of Timken in the 2nd quarter worth approximately $36,000. Acadian Asset Management LLC bought a new stake in Timken during the 1st quarter worth approximately $36,000. Finally, IFP Advisors Inc increased its holdings in Timken by 96.3% during the 2nd quarter. IFP Advisors Inc now owns 430 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 211 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on TKR. Evercore ISI cut Timken from an “outperform” rating to an “in-line” rating and set a $84.00 target price on the stock. in a report on Tuesday, February 20th. StockNews.com lowered Timken from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Oppenheimer reiterated an “outperform” rating and issued a $100.00 price objective (up from $97.00) on shares of Timken in a research report on Thursday, March 21st. DA Davidson assumed coverage on shares of Timken in a research report on Tuesday, January 23rd. They set a “buy” rating and a $92.00 target price on the stock. Finally, The Goldman Sachs Group raised their price target on Timken from $78.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Timken currently has an average rating of “Hold” and an average target price of $85.90.

Timken Stock Up 1.6 %

Shares of Timken stock opened at $85.51 on Friday. The Timken Company has a 1 year low of $65.71 and a 1 year high of $95.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 0.96. The company has a market capitalization of $6.02 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 1.16 and a beta of 1.54. The business has a 50-day moving average of $84.93 and a two-hundred day moving average of $78.95.

Timken (NYSE:TKR) last posted its earnings results on Monday, February 5th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.15. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Timken had a return on equity of 19.57% and a net margin of 8.26%. Timken’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.22 EPS. As a group, equities analysts predict that The Timken Company will post 6.02 EPS for the current year.

Timken Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Friday, February 16th. Timken’s dividend payout ratio (DPR) is presently 24.18%.

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.