Yousif Capital Management LLC Sells 151 Shares of The Timken Company (NYSE:TKR)

Yousif Capital Management LLC lessened its holdings in shares of The Timken Company (NYSE:TKR) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,107 shares of the industrial products company’s stock after selling 151 shares during the quarter. Yousif Capital Management LLC’s holdings in Timken were worth $2,493,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TKR. Treasurer of the State of North Carolina grew its position in shares of Timken by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 34,728 shares of the industrial products company’s stock valued at $2,552,000 after purchasing an additional 161 shares in the last quarter. Portside Wealth Group LLC increased its holdings in Timken by 6.6% during the 3rd quarter. Portside Wealth Group LLC now owns 3,006 shares of the industrial products company’s stock valued at $224,000 after purchasing an additional 186 shares during the period. Arizona State Retirement System increased its stake in shares of Timken by 1.1% during the third quarter. Arizona State Retirement System now owns 18,551 shares of the industrial products company’s stock valued at $1,363,000 after buying an additional 194 shares during the period. Public Employees Retirement System of Ohio increased its position in Timken by 0.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 28,537 shares of the industrial products company’s stock valued at $2,097,000 after purchasing an additional 262 shares during the period. Finally, Assetmark Inc. increased its position in shares of Timken by 1.8% during the third quarter. Assetmark Inc. now owns 16,128 shares of the industrial products company’s stock valued at $1,185,000 after buying an additional 285 shares during the period. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Timken Trading Up 2.0 %

Shares of NYSE:TKR opened at $86.68 on Tuesday. The stock has a 50 day moving average of $85.43 and a 200 day moving average of $79.59. The company has a current ratio of 1.79, a quick ratio of 0.96 and a debt-to-equity ratio of 0.66. The company has a market cap of $6.10 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.18 and a beta of 1.54. The Timken Company has a 12-month low of $65.71 and a 12-month high of $95.08.

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

Timken Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Friday, February 16th. Timken’s dividend payout ratio (DPR) is presently 24.18%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com downgraded Timken from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Evercore ISI lowered shares of Timken from an “outperform” rating to an “in-line” rating and set a $84.00 price objective for the company. in a report on Tuesday, February 20th. Morgan Stanley began coverage on Timken in a report on Monday, January 8th. They set an “equal weight” rating and a $74.00 price target on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $100.00 price target (up previously from $97.00) on shares of Timken in a report on Thursday, March 21st. Finally, The Goldman Sachs Group raised their target price on shares of Timken from $78.00 to $87.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Timken currently has an average rating of “Hold” and an average price target of $85.90.

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.