Philip D. Fracassa Sells 10,000 Shares of The Timken Company (NYSE:TKR) Stock

The Timken Company (NYSE:TKR) 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 transaction was disclosed in a filing with the SEC, which is accessible through this link.

Timken Trading Down 0.2 %

TKR opened at $89.82 on Thursday. The Timken Company has a twelve month low of $65.71 and a twelve month high of $95.08. The firm has a market cap of $6.32 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.21 and a beta of 1.51. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.02 and a current ratio of 1.87. The firm’s fifty day moving average is $86.53 and its two-hundred day moving average is $80.41.

Timken (NYSE:TKR) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.27. Timken had a return on equity of 17.98% and a net margin of 7.99%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company posted $2.09 earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. Equities research analysts anticipate that The Timken Company will post 6.18 EPS for the current year.

Timken Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be given a $0.34 dividend. The ex-dividend date is Monday, May 13th. This is a positive change from Timken’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a dividend yield of 1.51%. Timken’s payout ratio is currently 25.14%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com lowered Timken from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. The Goldman Sachs Group upped their target price on shares of Timken from $78.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Evercore ISI downgraded shares of Timken from an “outperform” rating to an “in-line” rating and set a $84.00 price target for the company. in a research note on Tuesday, February 20th. DA Davidson initiated coverage on shares of Timken in a report on Tuesday, January 23rd. They issued a “buy” rating and a $92.00 price objective on the stock. Finally, KeyCorp lifted their target price on shares of Timken from $91.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $87.09.

Institutional Trading of Timken

Several hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. boosted its holdings in shares of Timken by 7.7% in the third quarter. American Century Companies Inc. now owns 1,826,547 shares of the industrial products company’s stock valued at $134,233,000 after buying an additional 131,253 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in Timken by 15.8% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 1,313,122 shares of the industrial products company’s stock worth $105,247,000 after purchasing an additional 178,870 shares during the period. Fiduciary Management Inc. WI increased its holdings in Timken by 94.7% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,133,076 shares of the industrial products company’s stock worth $90,816,000 after purchasing an additional 551,097 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Timken by 16.8% in the 3rd quarter. AQR Capital Management LLC now owns 764,174 shares of the industrial products company’s stock valued at $56,159,000 after purchasing an additional 109,767 shares during the period. Finally, Norges Bank bought a new stake in shares of Timken in the fourth quarter valued at about $56,995,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

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.